The Board of Al Meera Consumer Goods (QSC) (The “Company”)  has resolved, in its Board of Directors meeting held on 31 May 2012, to request a call for an Extraordinary General Meeting to discuss and endorse the following board recommendations subject to the approval of the relevant authorities :

1. Propose to increase the Capital through a rights issue equal to 100 % of the current total shares to the shareholders at the rights price of Ten Qatari Riyals per share plus a premium of Eighty Five Qatari Riyals per share. 
2. Endorse the amendment of the Articles of Association as follows:
1. Clause no. 14 of the Articles of Association that state in the second part:“Shares of any shareholders shall not exceed 2% of the total capital shares except for the Government of the State of Qatar.”To read as follows: “Shares of any shareholders shall not exceed 5% of the total capital shares except for the Government of the State of Qatar.”
2.  Clause no. 28 of the Articles of Association:“The Members of Board of Directors shall be elected for a period of (3) years and can be re-elected, except the Government of the State of Qatar, for one more period only. The first Board of Directors shall remain for period of five years.

”To read as follows:

“The Members of Board of Directors shall be elected for a period of (3) years and can be re-elected for more period/s”  

“The proposed amendments ensure the continued success of Al Meera,” said Al Meera’s Deputy Chief Executive Officer, Dr. Mohammed Nasser Al Qahtani. “With our shareholders always in mind, we hope that the proposed