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IIG's and its associated businesses continue to trade on a normal basis

International Investment Group K.S.C.C ("IIG") has notified IIG Funding Limited that it has not paid a periodic distribution amounting to US$ 3,353,062.50 which was due on 12 April 2010 in respect of US$ 200,000,000 Trust Certificates (Sukuk al-Mudaraba) due 2012.

Notwithstanding the above announcement IIG wishes to confirm that IIG's and its associated businesses continue to trade on a normal basis and the day to day operations of such businesses have not been effected by the above event.

IIG is seeking to establish a forum to enable it to engage in a constructive dialogue with all of its creditors with a view to ensuring that its businesses continue to operate on a normal basis.

IIG has engaged the services of the international accountancy practice, KPMG Advisory W.L.L. and NEN Al Wagayan Al Awadhi Al Saif working with international law firm DLA Piper in order to provide assistance in relation to evaluating IIG's restructuring options.

KPMG has started independent business review exercise and their scope of work includes preliminary assessment of IIG's present financial position and the options available to it. The intention is that an interim report will be provided by 31 May 2010 with a final report available by 30 June 2010.

Public Relations & Marketing Department
International Investment Group K.S.C. 
Tel: (965) 2242-9010 
Fax: (965) 2242-9020
E-mail: press@iigkw.com
P.O. Box: 29448 Safat, 13155 
State of Kuwait

Date : April 22, 2010


International Investment Group