In connection with Qatar First Bank’s (the “Bank”) rights issue process, where the number of subscribed shares amounted to 268,711,498 while the number of unsubscribed shares amounted to 151,288,502 shares; The Bank hereby announces that it will commence the sale of unsubscribed shares through the stock exchange from June 15 2022 to June 28, 2022.

Depending on the successful outcome of the sale process during the mentioned period, the Bank will conclude its capital increase. In the event that the Bank was unable to sell the entirety of the shares during the specified period, it will seek regulatory approval to extend either the unsubscribed share sale period or cancellation of the remaining unsubscribed shares. Accordingly, the Bank shall notify the market.

Furthermore, the Bank would like to inform investors that the subscribed shares have been placed in a separate account such that they cannot be traded until completion of the sale of unsubscribed shares as per regulatory requirements.