Meeting of the Board of Directors of Mazaya Qatar Real Estate Development to discuss the audited financial statements for the year ended December 31, 2013

Kindly note that a meeting of the Board of Directors was held on March 23, 2014 to discuss the audited financial statements for the year ended December 31, 2013 at 1:30 p.m.

The Board of Directors has approved these financial statements.

The Board of Directors has proposed cash dividends of 7.5% subject to the General Assembly approval or Q.R 0.75 for every share

Sincerely,

Joseph M. Al Hamod – Senior Manager – Finance & Admin