Commercial Bank Agrees to Extend Grace Period Granted to Tabarak Investment until 2 April 2018 to Purchase Its Stake in United Arab Bank

March 1, 2018

Further to Commercial bank's announcement on September 26, 2017, entitled "Commercial Bank's share in United Arab Bank" and updates of the October 22, 2017, 26 December 2017, and 29 January 2018, we would like to inform you that Commercial Bank has agreed to extend the grace period granted to Tabarak Investment Company, (One-person company LLC), until 02 April 2018, in respect of the potential acquisition of the share of Commercial Bank (Q.P.S.C.) in United Arab Bank (P.S.C), listed on the Abu Dhabi Securities Exchange (ADX), headquartered in Sharjah, United Arab Emirates.