2016 IRAQ BANKING FORUM Beirut, Lebanon Confidential September 2015

Best Brokerage House in Iraq Best Investment Bank in Iraq Our Firm We are an independent Iraqi owned and managed financial services firm We operate out of 3 offices in Iraq and provide services through two entities Rabee Securities: a securities brokerage firm licensed and regulated by the Iraqi Stock Exchange (ISX) Execute transactions for local, regional and international clients. Our client base includes both institutional and private clients Melak Iraq provides investment banking, advisory and merchant banking services to local and international corporate clients and family businesses Play a bridging role providing services to local Iraqi companies and international firms with interest in Iraq Best Brokerage House in Iraq 2011 & 2013 & 2014 Best Investment Bank in Iraq 2013 Monitor Company ©1999 — Confidential

Execution Ability FINANCING TRADE FINANCING INVESTING Advisory Acted as principal lender and sole arranger providing working capital facility to support daily operations and facilitate growth plans for an Oil and Gas services Firm FINANCING Local Adviser providing value added services Focus on providing unique financial solutions Facilitate funding for project finance and trade finance activities TRADE FINANCING Investor in an Oil and Gas services company providing drilling fluids INVESTING Advisory Monitor Company ©1999 — Confidential

Equity Capital Markets: Performance RSISX Index* 2011: 51.8% 2012: 7.4% 2013: 15.5% 2014: -25.3% 2015: -16.9% (YTD) * The Index is a free float weighted index of 10 ISX stocks. * Index companies represents 57% of the liquidity in the ISX. (Calculated on September 13, 2015 according to the average daily trading volumes in the recent six months.)

Equity Capital Markets: Landmark Deals 2 landmark deals that added more than USD 8 billion to the total Iraq Stock Exchange market capitalization The largest ever listings in Iraq and among the largest listings in the MENA region Listing of 25% 67,503,000,000 shares For a total of 1,485,066,000,000 IQD (1,240,000,000 USD) Listing of 25% 457,445,663,350 shares Sole distributer joint lead manager & sole distributer Sole financial adviser sole adviser & joint lead manager June 2015 February 2013

Equity Capital Markets: Opportunity Country # of Firms Listed Market Cap (September 2015) Saudi Arabia 171 $463 Bln Qatar 44 $173 Bln Abu dhabi 66 $124 Bln Dubai FM 60 $97 Bln Kuwait 222 $89 Bln Morocco 90 $59 Bln Egypt 268 $58 Bln Bahrain 48 $51 Bln Jordan 264 $29 Bln Oman 129 $24 Bln Tunis 76 $22 Bln Iraq 98 $12 Bln Lebanon 29 Palestine 50 Less than 10 Bln Syria 24 The ISX is at a very nascent stage A country that is fifth in the world in oil reserves with 30 plus million in population should develop to the level and size of similar markets in the GCC Further, the number of companies listed is relatively small with limited diversity in terms of sectors Source: Zawya, Individual stock exchanges’ websites

Equity Capital Markets: Opportunity Source: World Bank, United Nations, Individual stock exchanges’ websites

Debt Capital Markets: Indicators Deposits (% of GDP) Source: World Bank

Debt Capital Markets: Indicators Domestic credit provided by financial sector (% of GDP) Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates

Debt Capital Markets: Indicators Domestic Credit provided to the private sector (% of GDP) Source: World Bank, July, 27, 2015

Debt Capital Markets: Indicators Lending interest rate (%) Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. Source: International Monetary Fund, International Financial Statistics and data files

Challenges Faced Understanding of Capital Markets (Process, players, products) Regulatory Framework Development and support Custody Debt market regulations, issuance framework (corporates) Empowering market players / dealers (dealer system and clearing rules, etc) Repos market Level of product sophistication Benchmarking Issuance is irregular – more adhoc vs scheduled (no true yield curves) Limited benchmarking Liquidity Pools of domestic liquidity are key to supporting capital markets Raising domestic savings rates Insurance sector development Pension reforms Banks offering of dedicated long term savings products

Disclaimer This document contains information that is privileged and confidential. Any dissemination, distribution, copying or unauthorized use of this document without the written consent of Melak Iraq and or Rabee Securities is strictly prohibited. This document is for informational purposes only and is not an offer to sell securities by Melak Iraq or Rabee Securities or any other party. At such time as Melak Iraq, Rabee Securities or any other party referenced in this presentation should decide to effect an offering of securities, such offering will be made by means of a private placement memorandum which satisfies all applicable legal requirements. This document contains certain forward looking statements regarding strategies, plans, beliefs, and current expectations of Melak Iraq and Rabee Securities. Recipients are cautioned that any such forward looking statements are not guarantees of future events and involve risks and uncertainties that would cause actual results to differ materially from those in the forward looking statements.