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| Tuesday, May 28,2013 |

Signature Of Agreement For A Grant To The Republic Of Guinea

A Grant Agreement was signed today in Marrakesh between the Government of the Republic of Guinea, Kuwait Fund for Arab Economic Development (Kuwait Fund), in Its capacity as Administrator of Kuwait Goodwill Fund for the Promotion of Food Security in Islamic Countries (Kuwait Goodwill Fund), and Ecobank Guinee (EBG). By virtue of the said Agreement, Kuwait Fund will make a grant of U.S. $4,000,000, from the resources of Kuwait Goodwill Fund, to the Government of the Republic of Guinea to assist in enhancing food production in the Republic of Guinea. Kuwait Goodwill Fund was established pursuant to an initiative by His Highness Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah, the Amir of the State of Kuwait, announced at the Fourth Islamic Economic Forum held in Kuwait during the period 28th April - 1St. May 2008; and in accordance with the command of His Highness, the Government of the State of Kuwait allocated the amount of U.S. $100 million for the said Goodwill Fund. This Fund aims at assisting Islamic countries in their endeavours to achieve food security and assure the basic right to food to their peoples.

The Grant Agreement was signed on behalf of the Republic of Guinea by His Excellency Mr. Kervala Yansani - Minister of Finance, and on behalf of Ecobank Guinee (EBG), Guinea by Mr. Macaramo Shanon. Mr. Hesham Al-Waqayan, Deputy Director-General signed the Grant Agreement on behalf of Kuwait Fund for Arab Economic Development.

The Grant made to the Government of Guinea will be used for establishing a Special Account at EBG which undertakes, under the

aforementioned Agreement, to utilize the said Special Account for the purpose of funding microcredits and small loans for the financing of small-scale farming and other small business activities and micro-businesses for the production of food or provision of related supporting services, including food processing, storage, marketing and other services. EBG will carry out the required financing activities in accordance with an initial programme approved by the Government of Guinea and Kuwait Fund. It will allocate from the proceeds of the Grant an amount equivalent to not less than U.S. $1,600,000 for funding micro-credit services.

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