Dear Warka Investors,

We would like to bring to your kind attention that Iraqi Carton Manufactories has announced that it will be issuing 100% paid up shares at the price of IQD (1 per share) for those shares held and owned prior to holding its general assembly meeting.

Investors are to submit their authorization letters to purchase the paid up shares by January 14th 2010 Warka business hours noting that any requests received after this date and working hours will be considered null and void by our good bank.

Best regards,

Warka ISX Dept.

Warka Bank for Investment and Finance