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1 (es ~ ) W~oLJ.U i~1jlo~1i a±~) Emirates Insurance Co r Minutes of the Extraordinary General Assembly Meeting of Emirates Insurance Company PJSC Held on Monday 31 March ~ 4aj.a!~ f~fl LL~.1 ~ a ~ c? ~*ai2i W~~ 1~ ksjfl ~3M~.ail~~ ~. it ~fl)~.avi Emirates Insurance Company PJSC (the Company ), a public joint stock company listed in Abu Dhabi under license No , extended an invitation to its shareholders to attend an extraordinary general assembly meeting on Monday 24 March 2014 and due to the absence of a quorum, that meeting was adjourned to be held on Monday 31 March 2014 at 10:00 am at Al Diwan Hall, Beach Rotana Hotel in Abu Dhabi (the Meeting ) which was held in the presence of shareholders representing o of the Company s share capital, to discuss the agenda of the Meeting and adopt appropriate resolutions relating thereto. Mr. Abdulrahman Salem Mubarak attended the Meeting in his capacity as the representative of the Emirates Securities and Commodities Authority and Mr. Anas Moh. B. Jawish representing the Insurance Authority. The Chairman of the Board of Directors of the Company, H.E. Abdulla Mohamed Al Mazrouei declared the Meeting to be quorate and welcomed those in attendance and recommended the appointment of Mr. Ibrahim Yousef,~.,.i,mcM9baydeen as secretary to the Meeting ~A4i1d Mr. Aart Lehmkuhl along with Mr. t1~ fl~ff~fl~ Jeger as vote collectors. The ~ \ T)M*~YTV $)~ asseitrniy unanimously approved the! P.O. Bo~:)SN.,nointments Abc flhahi. LJ.~.M. Tel~ (+~7I-2) W Fax: (.971.2) It-mail: infegcminsco corn WeLnitt. nwtná,gp.q,rn (I~~sj24lIl) ~an~j~ ~$~u cjbl4 i~ ~ Cj.$~?J~ 4S~>~ ~- ~ ~~il 2.. ~ e~-1~ ec. ~y~3._.a ~ t ci..a~j tl~~i AI~ ~ ~ r~ ~3ii,2I ~ ~iu~ ~ ~L.a~ll ~ U~ ~OL~iI cb-~i &-~~ - : e1 ~Q ~ (el.a~+~) ~ % o~; ~ J c_1~~..i~. ~ ~il.4 ~u~ii~~ ~ U~i4 ~L. ~il ~b.,t /fl u~- ~j.~a 0J.~aa $~b* /~t&aa ~j1cl ~ 4.4 euj ~La y~ 2-..~ ~SJ2iI Sj~i~ ~~/~,,a..,..ii ~ L ~ ;.&~ J_eSjS.at~ C~ /~L..il3 ~L~11. ~ Criilj i4~.c4,_~sj ueal j..~

2 Following due deliberation of the items listed in the agenda, the assembly resolved by 99 o votes of the shares represented in the Meeting as follows: ç~jt. ~_t).~ai~ & ~ir1~ ~ ~ c--1 ~ ~~si,c4~ 1r U c~ss~ ~~;uil JL.~. i~ ~bb-~~ tl~c~h JI ~? ~ r~~w r4_~ 2i ~ :~fl (1) Article 4 of the Articles of Association shall be amended to be as follows: The duration of the Company shall be one hundred (100) Gregorian years, commencing from the date of its incorporation, and shall thereafter automatically continue for consecutive similar periods unless a resolution is passed at an extraordinary general assembly terminating the Company. (2) Article 21 of the Articles of Association shall be amended to be as follows: ~SJ$Ill ~ral il ~au&~l ~ (~) ~iljl J.~3z t~ ~il.(~ ~ (4-A ~i j~ ~ ~.c dil~ 4,1. nci I ~# 2i~ ~ ~_14~,4..il ~ U ~ j~j c$~lfll r1 ~~ (>.c ( ~ ~) &~L2i ~ :~21i ~ ~ ~ja~il.s~fl (.~) ( 9 A Director must not be convicted of a crime of honor or honesty. ~)j~ J~ f~y~ C4J~iL (3) Paragraph 1 of Article 24 of the Articles of Association shall be amended to be as follows: 1. for the purposes of Article 103 of the Federal Law No. 8 of 1984 concerning Commercial Companies, as amended, to enter into loan agreements having a period in excess of 3 (three) years to grant facilities and to invest in the areas specified in its objects which are set forth in article 5 of these Articles, to mortgage the Company s assets, to release the liability of debtors of the Company and to enter into conciliations and to agree arbitration. (~ ) $~L~l ~>c ~ L3iAl~ 3. ~ Z.Sy133 ~L4 Jl ~.$ ~)S/~ u ~ ~& -~ ~>. (~ r) ~.t.1i~ ~ia~ ~a(a) ei,c~l~s2l ~:&b-~~b~~~ (V) lj,i~,.~il cz~1~~~ U_ ( ) ~- ~ ~ ~.4ic. o1~.il ~s,~ii j~, ~j1,~j ~, ~ U. ~s~_~:jl~ pb, e~ k1~ (1

3 One of the shareholders (Mr. Muneef Othman Tarmoom) holder of 682,031 shares representing approximately l c of the shares represented at the meeting expressed his objection to the proposed amendments to Article (21) and paragraph (1) of Article (24). ei_.~)h~ & ~ ~ ~j~j~c4~ ~ r~j~ 1_. ~ cr~b ~i-~ ~Jz t ~ ~ ~? 2 (TI) ~.zl4ii ~_. (~) L~W )_il3~)( fl) s.~l41l (4) to add a fourth paragraph Article 27 of the Articles Association as follows: to of e~a (TV) O~t41I ~ ~ L~ :~,22l ~ ~ (I) Resolutions in writing signed by all the Directors entitled to receive notice of the meeting of the Board and to vote on such resolutions shall be as valid and effective as if they had been passed at a Board meeting duly convened and held and may consist of several counterparts in like form, each signed by one or more of the members. Provided that: a. the resolutions by circulation do not exceed four times per year; J- t-~ ~ 2 ~~J1 cr1d cjjj.a.~ajllj L?d?~~~,J L. aau~.~ $ -. c4&il 0i~ ~,sz ~ ~I LS~ U4~ 0Ls~ ~>. ~h.~~ jl~j3l..t J~ 4>- e v1 y~c~ll~ CJ~I ik~a~ ~itt, b. majority of the Directors agree that the case entailing a resolution urgent; by circulation is ~:~At.tJ14 L?4-1~ 0L~S ~-~b ce ~ r~ 4J\aJI U~ cr~ 3~_L~ yj..il4~ j.~_) c. the resolutions are delivered to the Directors in writing and accompanied by all the supporting documents and papers as necessary for review it; and d. any resolution by circulation must be approved in writing by majority of the Directors and must be submitted at the next meeting of the Board to be included in the minutes of such meeting. u- ~ ~i.~-ç ~ ~ :~_~~fl 3.L~ ~ tnis, L3. u~ ~ cibbj ~ (1 :5w~,~~:a ~ ~ ~ili~ çj~~ 1_I,,.,...ilu.. ~ -c (5) Article 38 of the Articles of a-_~ (TA) ;il_..il Ji...z (a)

4 Association shall be amended to be as follows: Notwithstanding anything to the contrary in these Articles of Association, the Company shall be subject to the provisions of the Minister of Economy Resolution No. (518) of 2009 Concerning the Governance Rules and Corporate Discipline Standards and amendments and replacement thereot which shall form an integral part of these Articles of Association and shall be subject to the rules of the Securities and Commodities Authority or those applicable at the Abu Dhabi Securities Exchange or any successor to such exchange, at which the Company is listed, relating to share trading and transfer of ownership of shares in the Company and settlement, rights arising out of ownership of such shares, attending and voting at general assemblies and disclosures by the Company. The Meeting was closed following the adoption of the above resolutions. :~Ji ~.il ~ ::~ ~ J2IU U~J ~ ~2il çç2~ çv- r~ 21 ~ (a A) ~-4~ (~)h,.ul Jb-~ ~ J~ ~ ~_~SJ~)I~J_~ ~ J~2JJ4JUJ~J ~JJ Jl çawj~i O. ~ ~ G)~ 44 L3~? JJbil c ~s t ~, 4,~fl Z (UI J_i~~ ~S~_aW ~J tiuj_~.ai~j ~.~AJA~il ~ i Q,S ~I Lj,hib ~-&W ~ t~ithi~ ~SH~ ~ ç2 _d21 44~ L3bJ2~ - (3~i ~4DJ3I c~bbiwj ç3y~ cc.:a~i ji z~sy~ ~ 4iz. Jz~ ~ çs~~ c~i~ ~&zi ~ &.L.j~OjI U cjj~ ~JL~c.~2i U Meeting Chairman C) Abdulla Mohamed Al Mazrouei Chairman of the Board of Directors LJA4~J L)$ u4j C Meeting Secretary Ibrahim Yousef Mubaydeen

5 Vote Collectors Aart Lehmkuhl: and fly Henf de Je~. r / zc-,..-, %- ~4~Jji ~ :J~SjS~J Cijl /.i&1~ J c~k Auditor George Najem Deloitte & Touche A I F C( buohab~.u&e ) ~99Q~ itte&to y0 aba H ci- ~ ~;; ~