Proposed Stock Dividend

Commercial Intnl Bank (Egypt) SAE
23 February 2008



         Board Meeting for Commercial International Bank (CIB) - Egypt



The Board Meeting for Commercial International Bank which was held on Thursday,
February 21 has decided that -subject to the General Assembly's approval of the
financial statements and the proposed appropriation account for the year 2007 in
the General Assembly's meeting scheduled March 17, 2008 - the paid-in capital
will be raised from 1,950 million Egyptian pounds to 2,925 million Egyptian
pounds, to be effected through General Reserves through a stock dividend of one
free share for every two shares.




Mohammed El-Razzaz
Head of Investor Relations
Commercial International Bank (CIB) - Egypt
Tel    : [phone]
Mob    : [phone]


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