Disclaimer

2. Disclaimer • This presentation is not an offer or invitation to subscribe for or purchase any securities. • No warranty is given as to the accuracy or completeness of the information in this presentation. You must make your own independent investigation and appraisal of the business and financial condition of GIC Group of companies. • Nothing in this presentation shall form the basis of any contract or commitment whatsoever. This presentation is furnished to you solely for your information. You may not reproduce it or redistribute to any other person. • This presentation contains forward-looking statements. These statements may be identified by such words as, "plans", "expects", "believes“, “budget”, “estimate” and similar expressions, or by their context. These statements are made on the basis of current knowledge and assumptions. Various factors could cause future results, performance or events to differ materially from those described in these statements. No obligation is assumed to update any forward-looking statements • By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the forgoing limitations.

3. Agenda 2012: Year in Review 2012: Financial Highlights 2013: Opportunities

4. 2012 at a glance Moving from Origin to Excellence • GIC celebrating 50 years of success. • Rebranding of GIG across GIG group companies. Maintain Leadership • GIC maintained its leadership position in Kuwait for the 12th consecutive year. • Ranked number 8 out of Private Insurance Companies in MENA region in terms of GPW 2011*. • GIC, through its subsidiaries, maintain its market leader in Bahrain, Jordan in terms of GWP and in Egypt in terms of technical profits. Achieve Remarkable & distinct results • Achieved the Targeted Budget figures in terms of Production and Profitability despite all the obstacles especially Political Unrest in the MENA Region. Highest Credit Rating among Kuwait Insurers • GIC obtained Standards and Poor’s interactive financial strength and long-term counterparty credit rating of A-/Stable outlook • Obtain AM Best credit rating of A- (excellent) / Stable outlook for GIC , GLIC and BKIC. • Obtain AM Best credit rating of B++ (good) / Stable for AOIC and B++ (good) / Negative for AMIG. ERM “Enterprise Risk Management” • Strong and serious steps have been taken by the risk management in line with the best practice. Regional Expansion • Increase focus on regionalization, successfully acquired 20% of Alliance UAE. • Increase GIC’s percentage of share in Al-Argan Real estate (Kuwait) to become nearly 20%. *Source: Al-Bayan Magazine issue # 491, Oct. 2012

5. 2012 at a glance (continued) Maintain Global Banking and Finance reward • For the second consecutive year, Gulf Insurance Company has won the Best Insurance provider in the Middle East by the Global Banking and Finance Review. An annual award given to selected distinguished companies around the world in the banking and finance industry. Distribution Channels • Increase our Distribution Network Regionally and increased the number of Life & Non-Life Sales Force in GIC and other Subsidiaries. Technology edge • Implementing New IT Platform for GLIC to enhance all the Technical Operations. Conventional Business • Maintaining existing clients (GIC renewed the tender of KPC’s medical scheme) and increasing the persistency and loyalty of customers by providing a better personalized customer service, advices and faster claims handling. Takaful Business • Continues improvements in Takaful business unit in GIC as well in Egyptian Takaful life company; to provide wide distinguished and new range of insurance solutions to customers. Reporting & Budgeting Cycle • Implementing a New Financial Reporting, Budgeting and Planning System across GIG.

6. Agenda 2012: Year in Review 2012: Financial Highlights 2013: Opportunities

7. 2012… Financial Highlights Gross Premium Written Revenues KD million KD million 4% 14% 9% 4% Underwriting Result Net Profit * KD million -11% -24% KD million 30% 2% Actual CAGR: 12% Actual CAGR: 19% Actual CAGR: 17% Actual CAGR: 4% Net profit *: Attribute to GIC parent Company; 2007 net profit presented Without non-Recurring profits KD 29.9 M (37,7 - 29,9 = 7,8) Growth Rate % Budget variance

8. 2012… Financial Highlights Consolidated Assets Shareholders’ Equity KD million KD million 1% 10% 12% 10% Investment Portfolio (Portfolio Mix) Net Technical Reserves KD million 11% 6% KD million 10% 4% Actual CAGR: 12% Actual CAGR: 3% Actual CAGR: 18% Actual CAGR: 8% Growth Rate % Budget variance

9. 2012…Stock performance GIC’s Share price Performance, Sector & Market Index • During 2012-YE, GIC’s share price has been raised up. Taking into consideration the cash dividends to shareholders amounted KD 3.5 million, KD 0.9 million bonus shares (5% of the nominal value) paid in April-2012

10. Presence Across the MENA Region GCC countries MENA (Others) Tunisia Palestine Morocco Egypt Libya Qatar Oman Countries in blue colour indicate GIC presence Countries in green colour indicate GIC targeted markets Yemen Regional Operations (Pan-Regional Presence) MENA Country Business Line M&A P M, GA L H T Turkey Bahrain GCC ● ● ● ● ● Kuwait ● ● ● ● ● ● Syria UAE ● ● ● ● ● ● Lebanon KSA ● ● ● ● ● ● Iraq Iraq ● ● ● ● ● Jordan Kuwait Algeria ● Bahrain Non- GCC ● U.A.E Egypt ● ● ● ● ● Saudi Arabia Jordan ● ● ● ● Lebanon ● ● ● ● ● Algeria ● ● ● ● ● ● Syria ● ● ● ● ● More than 1,300 insurance Experts & more than 50 Branches across MENA region GIC Intends to continue its regional expansion strategy which affirm its regional leading position and to serve the Kuwaiti investments in the Arab region ,spread of risks and exploit the opportunities of growing markets.

11. Agenda 2012: Year in Review 2012: Financial Highlights 2013: Opportunities

12. 2013… Opportunities Maintain Leadership • Maintain leadership position and improve the market share by enhancing the focuses on customer needs. • Regional • Expansion • Continue seeking best opportunities for our Regional Expansion in the MENA Region that is within our Appetite and would give us a high return on Capital Invested. Enterprise Risk Management • Continuing the implementation of an efficient and effective Enterprise Risk Management functions within GIC group. • Enhance Group Integration • Perform an active role towards our subsidiaries in many areas & improve group integration, to strengthen their financial positions in order to allow these companies to continue to strongly compete in the domestic markets. • Working to implement a comprehensive program of unified policies between the parent company and its subsidiaries in many areas, with the aim of streamlining operations, reducing costs, and increasing revenue. Financial Strength & Credit Rating • Maintain our AM Best and S&P financial strength and credit rating on A level for GIC and its rated subsidiaries. Continuous Developments • Work continuously and extensively to invest and improve career development programs, training program for GIG’s employees, continuous development in Information Technology and marketing plan for GIC's products & services. Enhance Distribution Network • GIC is examining a possible partnership with Burgan Bank to distribute insurance products of GIC regionally through their regional network (Subject to approval of Local Authorities).

13. 2013 Ambition (KD million) 2012 A 2013 E* Target Growth 7.3% 156.0 GPW 145.4 6.1% Revenues 91.2 86.0 3.2% 173.1 167.7 Investment Portfolio 5.9% Net Technical Reserves 93.4 88.2 • * These targets might be affected by non-recurring conditions of financial markets as well as the political situations and government spending in the countries where we are operating in.