Dear Warka Clients,

I am delighted to inform you that a Senior Management and Board of Directors decision has been reached and made to increase our capital to IQD 250 billion the highest capital of any private bank in .

We will increase our capital to IQD 100 billion by February 28^th 2010 issuing free shares to our shareholders further increasing our capital by the end of June 2010 to IQD 250 billion issuing paid up shares to our esteemed shareholders.

Please note that this an announcement where the bonus shares will be issued after we hold, finalize and complete our general assembly meeting in accordance with standard practice and procedures.

Thank you for sharing and contributing to our continuous success and growth.

Respectfully,

Warka Bank for Investment and Finance