2 Disclaimer This presentation is not an offer or invitation to subscribe for or purchase any securities. No warranty is given as to the accuracy or completeness of the information in this presentation. You must make your own independent investigation and appraisal of the business and financial condition of GIC Group of companies. Nothing in this presentation shall form the basis of any contract or commitment whatsoever. This presentation is furnished to you solely for your information. You may not reproduce it or redistribute to any other person. This presentation contains forward-looking statements. These statements may be identified by such words as, "plans", "expects", "believes, budget, estimate and similar expressions, or by their context. These statements are made on the basis of current knowledge and assumptions. Various factors could cause future results, performance or events to differ materially from those described in these statements. No obligation is assumed to update any forward-looking statements By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the forgoing limitations.

3 2013: Opportunities 2012: Year in Review Agenda 2012: Financial Highlights

4 GIC celebrating 50 years of success. Rebranding of GIG across GIG group companies. GIC celebrating 50 years of success. Rebranding of GIG across GIG group companies at a glance Moving from Origin to Excellence Maintain Leadership Achieve Remarkable & distinct results Highest Credit Rating among Kuwait Insurers Highest Credit Rating among Kuwait Insurers ERM Enterprise Risk Management ERM Enterprise Risk Management GIC maintained its leadership position in Kuwait for the 12th consecutive year. Ranked number 8 out of Private Insurance Companies in MENA region in terms of GPW 2011*. GIC, through its subsidiaries, maintain its market leader in Bahrain, Jordan in terms of GWP and in Egypt in terms of technical profits. GIC maintained its leadership position in Kuwait for the 12th consecutive year. Ranked number 8 out of Private Insurance Companies in MENA region in terms of GPW 2011*. GIC, through its subsidiaries, maintain its market leader in Bahrain, Jordan in terms of GWP and in Egypt in terms of technical profits. Achieved the Targeted Budget figures in terms of Production and Profitability despite all the obstacles especially Political Unrest in the MENA Region. GIC obtained Standards and Poors interactive financial strength and long-term counterparty credit rating of A-/Stable outlook Obtain AM Best credit rating of A- (excellent) / Stable outlook for GIC, GLIC and BKIC. Obtain AM Best credit rating of B++ (good) / Stable for AOIC and B++ (good) / Negative for AMIG. GIC obtained Standards and Poors interactive financial strength and long-term counterparty credit rating of A-/Stable outlook Obtain AM Best credit rating of A- (excellent) / Stable outlook for GIC, GLIC and BKIC. Obtain AM Best credit rating of B++ (good) / Stable for AOIC and B++ (good) / Negative for AMIG. Strong and serious steps have been taken by the risk management in line with the best practice. Regional Expansion *Source: Al-Bayan Magazine issue # 491, Oct Increase focus on regionalization, successfully acquired 20% of Alliance UAE. Increase GICs percentage of share in Al-Argan Real estate (Kuwait) to become nearly 20%. Increase focus on regionalization, successfully acquired 20% of Alliance UAE. Increase GICs percentage of share in Al-Argan Real estate (Kuwait) to become nearly 20%.

5 For the second consecutive year, Gulf Insurance Company has won the Best Insurance provider in the Middle East by the Global Banking and Finance Review. An annual award given to selected distinguished companies around the world in the banking and finance industry at a glance (continued) Maintain Global Banking and Finance reward Technology edge Conventional Business Takaful Business Implementing New IT Platform for GLIC to enhance all the Technical Operations. Maintaining existing clients (GIC renewed the tender of KPCs medical scheme) and increasing the persistency and loyalty of customers by providing a better personalized customer service, advices and faster claims handling. Continues improvements in Takaful business unit in GIC as well in Egyptian Takaful life company; to provide wide distinguished and new range of insurance solutions to customers. Reporting & Budgeting Cycle Implementing a New Financial Reporting, Budgeting and Planning System across GIG. Distribution Channels Increase our Distribution Network Regionally and increased the number of Life & Non-Life Sales Force in GIC and other Subsidiaries.

6 2013: Opportunities 2012: Year in Review Agenda 2012: Financial Highlights

7 Draft for Discussion 2012… Financial Highlights KD million Actual CAGR: 12% Growth Rate % Budget variance 9% 4% 14% 4% 30% 2% Gross Premium Written Underwriting Result Revenues Net Profit * Actual CAGR: 19%Actual CAGR: 17% Actual CAGR: 4% -11% -24% Net profit *: Attribute to GIC parent Company; 2007 net profit presented Without non-Recurring profits KD 29.9 M (37,7 - 29,9 = 7,8)

8 Draft for Discussion 2012… Financial Highlights KD million Actual CAGR: 8% Growth Rate % Budget variance 12% 10% 1% 10% 4% Consolidated Assets Investment Portfolio (Portfolio Mix) Shareholders Equity Net Technical Reserves Actual CAGR: 12% Actual CAGR: 3% Actual CAGR: 18% 11% 6%

9 2012…Stock performance GICs Share price Performance, Sector & Market Index During 2012-YE, GICs share price has been raised up. Taking into consideration the cash dividends to shareholders amounted KD 3.5 million, KD 0.9 million bonus shares (5% of the nominal value) paid in April-2012

10 Regional Operations (Pan-Regional Presence) GIC Intends to continue its regional expansion strategy which affirm its regional leading position and to serve the Kuwaiti investments in the Arab region,spread of risks and exploit the opportunities of growing markets. Country Business Line M&APM, GALHT MENA Kuwait KSA Bahrain GCC Lebanon Egypt Jordan Syria Non- GCC Presence Across the MENA Region GCC countries MENA (Others) Libya Tunisia Morocco Egypt Palestine Qatar Oman Yemen Countries in blue colour indicate GIC presence Countries in green colour indicate GIC targeted markets Algeria Saudi Arabia Jordan Lebanon Kuwait Bahrain Algeria Iraq Syria Iraq U.A.E UAE Turkey

: Opportunities 2012: Year in Review Agenda 2012: Financial Highlights

… Opportunities Maintain leadership position and improve the market share by enhancing the focuses on customer needs. Maintain Leadership Continue seeking best opportunities for our Regional Expansion in the MENA Region that is within our Appetite and would give us a high return on Capital Invested. Regional Expansion Regional Expansion Continuing the implementation of an efficient and effective Enterprise Risk Management functions within GIC group. Enterprise Risk Management Perform an active role towards our subsidiaries in many areas & improve group integration, to strengthen their financial positions in order to allow these companies to continue to strongly compete in the domestic markets. Working to implement a comprehensive program of unified policies between the parent company and its subsidiaries in many areas, with the aim of streamlining operations, reducing costs, and increasing revenue. Perform an active role towards our subsidiaries in many areas & improve group integration, to strengthen their financial positions in order to allow these companies to continue to strongly compete in the domestic markets. Working to implement a comprehensive program of unified policies between the parent company and its subsidiaries in many areas, with the aim of streamlining operations, reducing costs, and increasing revenue. Enhance Group Integration Maintain our AM Best and S&P financial strength and credit rating on A level for GIC and its rated subsidiaries. Financial Strength & Credit Rating Work continuously and extensively to invest and improve career development programs, training program for GIGs employees, continuous development in Information Technology and marketing plan for GIC's products & services. Continuous Developments GIC is examining a possible partnership with Burgan Bank to distribute insurance products of GIC regionally through their regional network (Subject to approval of Local Authorities). Enhance Distribution Network

Ambition (KD million) Target Growth 2012 A 2013 E* * These targets might be affected by non-recurring conditions of financial markets as well as the political situations and government spending in the countries where we are operating in % % % % GPW Revenues Investment Portfolio Net Technical Reserves