Message from WARKA BANK

[Dinardarp]

Dear Warka Investors,

Mosul Bank has announced that it will be issuing:

21.9% free shares and 28.1% paid up shares at the price of IQD (1) per share for those shares owned prior to holding its general assembly meeting.

Shareholders are kindly requested to submit their signed authorization letters to purchase the paid up shares by the 11th of July 2011 Warka business hours where any request received after this date and business hours will be considered null and void by our good bank.

Please send your signed requests to our ISX department isx@warka-bank-iq.com

Best regards,

Warka ISX Department

Warka Bank for Investment and Finance

[rbh]

Please explain what this means to people who have deposits at Warka. I have a Warka account, and have had no correspondence from them. What is the relationship between Warka and Mosul? Thanks.

[HawaiianGal]

First of all this has to do with the stock exchange, so if you have an ISX account linked to your Warka account, then it applies to you.

Sounds to me like they are rewarding people who have an account, and offering a discount to purchase more before their general assembly meeting.

[Longhorns]

Sounds like business as usual at Warka. Nothing major to report there.