1. The Recent Developments of the Libyan Stock Market Presented by: Mr. Suliman Salem Al-Shohomy Chairman of The Libyan Stock Market AMEDA 9 TH MEETING ALEXANDRIA, EGYPT 26 th April 2009 AMEDA 9 TH MEETING ALEXANDRIA, EGYPT 26 th April 2009

2. LIBYAN STOCK MARKET ( LSM ) Overview The Libyan Stock Market (LSM) has been established since the year of 2006 By the decree of the General People’s Committee No. (134 ) LSM is under the supervision of Secretary for the People’s Committee for Economic, Trade and Investment (Ministry of Economy) The headquarter is located in the capital city of Tripoli while the main branch in the city of Benghazi LSM is organized as a corporation and acting as an exchange, a depository center and a capital market.

3. LIBYAN STOCK MARKET ( LSM ) Since The End of 2008 The increase of capital to LD 50,000,000 subscribed fully by the Economic and Social Development Fund BY THE END OF 2008, THE ESDF AND LSM BOARD OF DIRECTORS DECIDED TO ISSUE IPOs TO THE GENERAL PUBLIC AND TO LIST IT IN THE MARKET SHAREHOLDING STRUCTURE : % 25BANKS : SOCIAL AND ECONOMIC DEVELOPMENT FUND: 30% INVESTORS : 30% INVESTMENT CO : 15 %

4. LIBYAN STOCK MARKET ( LSM ) 2009 CAPITAL AUTHORISED AND FULLY PAID UP LD 50,000,000/=(US$ 1.3) 5,000,000 SHARES

5. LISTINGS LISTED SECURTIES CATEGORIZED IN : 3 SECTORS 8 LISTED CO MARKET INSTRUMETS: ONLY SHARES

6. 6

7. Central Depository and Registry Department

8. REGISTERY 24 REGISTRED CO Issuance of Local and ISIN Codes Holding and managing shareholders’ lists on behalf of the registered companies. Issuance of statistics and reports. Implementation of the general meetings’ resolutions.

9. Registered Companies

11. SERVICES DELIVERED BY: TRADING LISTING REGISTRY CLEARING SETTLEMENT CUSTODIAN PLEDGING OF SECURITIES INHERITANCE

12. TRADING Launching the Electronic Trading in 03-April-2008 with an opening index of 1000 points. Trading is done through the brokerage firms. Establishment of a Settlement Guarantee Fund mitigate potential risks. Launching the Electronic Trading in 03-April-2008 with an opening index of 1000 points. Trading is done through the brokerage firms. Establishment of a Settlement Guarantee Fund mitigate potential risks.

13. LSM INDEX L.S.M index openhighlowclose CHANGE Movement pointspercent 10001208749.55796.8203.320.33

14. LSM 2008 Major Indicators No of Trading Days187 The Index796.75 Trading Volume1,555,095.00 Trading ValueLD 29,387,868.22 Daily Average of TradingLD 157,154.38 Market CapitalisationLD 874,780,997.50

15. 2008 Trading Volumes and Values DetailsNumber of Trades Value Executed Transactions4,231LD 29,276,065.600 Transfer of Securities Ownership Through LSM 41LD 390,411.000 Transfer of Securities Ownership of The Employees of Sahara Bank Through a Broker 991LD 7,702,300.00 Secured Transaction Between the SDF and The Arab Bank 1LD 390,413,520.00 Total5,264427,782,296.600

16. Most Active Companies in 2008 Listed CompanyTrading VolumePercentage Sahara Bank15,759,977.94053.83% Wahda Bank9,136,396.49031.21% Bank of Commerce and Development 2,982,912.62010.19% Libya Insurace627,623.5502.14% United Insurance450,625.0001.54% Assaray Bank273,191.9000.93% Sahara Insurance45,338.1000.15% Total29,276,065.600

17. CLEARING & SETTLEMENT ROLLING SETTLEMENT CYCLE : T+3 SETTLEMENT BANK : WHDA BANK SETTLEMENT TAKES PLACE AT 3:00 P.M DELIVERY VERSUS PAYMENT ( DVP ) PARTICIPANTS IN THE SETTLEMENT PROCESS: - SETTLEMENT BANK - BROKERAGE FIRMS - CUSTODIANS

18. CLEARING & SETTLEMENT

19. Unique Code Request Investor Issuance of Unique Code Issuer Central Depository and Registry Department Depository and Registry Requirements Issuance of Local and ISIN Codes Depository System Depositing of Shares Registering Shareholders Registry System

20. Registry & Depository Dep. Selling Investor Custodian Broker Trading Dep. TRADE EXC. Broker Clearing Bank 1 2 3 1 2 3 4 5 6 6 8 8 9 10 SETTLEMENT CUARANTEE FUND 7 Controlling Dep. Controlling Dep. Buying Investor

21. LINKAGE WITH PARTICIPANTS

22. 22 Any Questions?

23. Thank you Mr. Suliman Salem Al-Shohomy Chairman of The Libyan Stock Market Tripoli-Libya. alshahomy@lsm.gov.ly www.lsm.gov.ly