1. AMEDA 1st Leadership Forum April 28, 2009 ADMINISTRATION OF MUTUAL FUNDS Midclear S.A.L. Fouad El Khoury Chairman – General Manager MIDCLEAR S.A.L.

2. ESTABLISHEDJUNE 1994 JOINT STOCK COMPANY CENTRAL DEPOSITORY BY LAW NO 139 - OCTOBER 1999 CENTRAL REGISTRAR FOR BANKS SHARES BY LAW No 308 DATED APRIL, 2001 CAPITAL2,800,000,000 LBP MAJOR SHAREHOLDERS BANQUE DU LIBAN (99.8%) PARTICIPANTS LOCAL AND FOREIGN BANKS LOCAL & FOREIGN FINANCIAL INSTITUTIONS FOREIGN CSDs, CLEARING HOUSES, AND ISSUERS. MIDCLEAR S.A.L CUSTODIAN AND CLEARING CENTER OF FINANCIAL INSTRUMENTS FOR LEBANON AND THE MIDDLE EAST

3. PRODUCTS AND SERVICES

4. MIDCLEAR : PRODUCTS AND SERVICES 1.CLEARING AND SETTLEMENT OF DOMESTIC FINANCIAL INSTRUMENTS 2.CLEARING AND SETTLEMENT OF FOREIGN TRANSACTIONS 3.SHAREHOLDERS REGISTRATION PROCESSING 4.CUSTODY SERVICES 5.ADMINISTRATION OF SECURITIES 6.ADMINISTRATION OF MUTUAL FUNDS

5. MIDCLEAR : PRODUCTS AND SERVICES ADMINISTRATION OF MUTUAL FUNDS MIDCLEAR IS BEING CONTINUOUSLY CHOSEN BY MUTUAL FUNDS’ MANAGERS AS THE ADMINISTRATIVE AGENT, AND CUSTODIAN OF MUTUAL FUNDS ISSUED BY FINANCIAL INSTITUTIONS AND BANKS.

6. MIDCLEAR : PRODUCTS AND SERVICES ADMINISTRATION OF MUTUAL FUNDS STARTED IN JANUARY 2002 TODAY, MIDCLEAR IS ADMINISTERING EIGHT MUTUAL FUNDS MIDCLEAR’S ROLE STARTS AFTER THE ISSUANCE OF THE PROSPECTUS WATCH OVER THE STRICT COMPLIANCE OF THE CONDITIONS SET OUT IN THE PROSPECTUS PREPARE THE NAV (NET ASSET VALUE) AND ALL FINANCIAL STATEMENTS

7. MIDCLEAR : PRODUCTS AND SERVICES ADMINISTRATION OF MUTUAL FUNDS PREPARE ALL DOCUMENTATION REQUESTED BY THE CENTRAL BANK OF LEBANON, WHO AUTHORIZE THE ESTABLISHMENT OF A “ MUTUAL FUND” IN LEBANON ( BALANCE SHEET, STATEMENT OF OPERATIONS … ) ADMINISTRATION OF FUNDS REGISTERED IN LEBANON AND INVESTING IN OTHER COUNTRIES HOLD REGISTRAR MUTUAL FUNDS REVENUES REPRESENT 3% OF MIDCLEAR’S TOTAL REVENUES