Dear Warka Investors,

We would like to bring to your kind attention that Iraqi Engineering Work will be issuing 30% free shares and 70% paid up shares at the price of IQD (1) per share for those shares owned prior to holding its general assembly meeting.

Eligible Shareholders are kindly requested to submit their signed authorization letters to purchase the paid up shares by March 1st 2010 noting that any request received after this date and Warka business hours will be considered null and void by our bank and disregarded accordingly.

Best regards,

ISX Department

Warka Bank for Investment and Finance