DIVIDEND & ISSUANCE HISTORY

Following the transformational merger transaction between SHUAA Capital and Abu Dhabi Financial Group (ADFG), SHUAA issued 1,470,720,000 new SHUAA shares to ADFG’s parent company Abu Dhabi Capital Management (the Strategic Investor) in return for the entire issued share capital of ADFG. This implies that ADCM, the Strategic Investor, will own 58% of the enlarged entity. And as a demonstration of the Strategic Investor’s commitment to the Transaction, the new SHUAA shares will be subject to a 12-month lock-up from the date of admission. The agreed valuation represents a 60% premium to the undisturbed SHUAA share price.

Following the admission of the new SHUAA shares, the issued share capital of SHUAA will increase from 1,065,000,000 SHUAA shares to 2,535,720,000 SHUAA shares. The combined entity will remain listed on Dubai Financial Market.

On 13 September 2018, and following approval passsed during the General Asssembly Meeting and based on the recomendations of the Board of Directors of SHUAA, an interim dividend for the first six months of 2018 of AED 0.02/ share was distributed to shareholders.

On 2 November 2008 by mutual consent between the Group and Dubai Banking Group, it was agreed to extend the bond maturity for a further year, until 31 October 2009, with the possibility at that time by mutual consent to extend the bond maturity for a further year, to 31 October 2010. Interest was payable quarterly and on maturity both the holder and the issuer had the option to convert the bond to 250 million shares at a conversion rate of AED 6 per share. For the period ended 31 December 2008, the Board of Directors proposed that no cash dividend be paid. For the year ended 31 March 2008, the Group’s AGM held on 17 June 2008 approved a 45% cash dividend on the paid-up share capital of 550,000,000, which was paid on 6 July 2008.

On 31 October 2007 the Group issued a convertible bond with a nominal value of 1,500,000 to Dubai Banking Group PJSC. The convertible bond carried an interest rate of 6% on the nominal bond holding. The original bond maturity was 31 October 2008; however, before conversion, Dubai Banking Group PJSC served notice, disputing the enforceability of the Group’s option to redeem the convertible bond by issuing shares instead of cash. For the year ended 31 March 2007, the Group’s AGM held on 24 June 2007 approved a 20% cash dividend on the paid-up share capital of 550,000,000, which was paid on 22 July 2007. As at 31 March 2007, 3 million shares were held in corporate treasury and 44.7 million were held by a Trustee for the employee stock option plan.

For the year ended 31 March 2006, the Group’s AGM held on 19 June 2006 approved a 30% cash dividend on the paid-up share capital of 550,000,000.

At the AGM and EGM of 13 June 2005, shareholders voted in favour of the issue of 66,000,000 bonus shares and a rights issue of 154,000,000, which brought the total of issued and outstanding shares to 550,000,000 at 31 March 2006.

On 30 June 2004, the Company issued three year bonds of 88,152,000 (US$24 million) maturing on 30 June 2007. The bonds were issued at par and carried interest at the rate of 1.75% per annum above US Dollar LIBOR for six months with a coupon payable semi-annually.

In its Extraordinary General Meeting held on 23 June 2004, the shareholders passed a resolution approving an increase in the share capital of the Company from 300,000 to 330,000. Fifteen million shares were issued to shareholders as bonus shares for the year ended 31 March 2003 and another 15 million were issued to fund the employee stock option plan at AED 1.75 per share.

For the year ended 31 March 2004, shareholders approved a cash dividend of AED 30 million amounting to AED 0.10 per share and a bonus issue of 0.05 shares for each share held (a total of 15 million shares) on the outstanding shares of 300,000,000.

At 31 March 2003, the Company offset an amount of 16,313,000 representing the value of bonds held by the Company in its capacity as market maker in the secondary market. This holding was sold during 2004.

On 10 July 2002, the Firm issued 91,825,000 (US$25 million) three-year bonds maturing on 10 July 2005. The bonds carried interest at the rate of 2% per annum above US Dollar LIBOR for six months with a coupon payable semi-annually. The bonds were issued at par by way of a public offering and had an investment rating of BBB.

For the year ended 31 December 2000, the Board of Directors proposed a cash dividend of 5% of the paid-up share capital of 300,000,000 amounting to 15,000,000. The dividend was approved by the shareholders at the Annual General Meeting held on 21 April 2001 and was subsequently paid to shareholders.

At an Extraordinary General Meeting on 20 April 1999, shareholders approved a rights share issue increasing the share capital from 207,944,129 to 300,000,000 shares of one dirham each. The increase in shares by 92,055, 871 represented a rights offering of 44.27% of existing shares for shareholders of record on 20 April 1999. At the AGM, shareholders approved a dividend payout of 7.5% (22,500) of the paid-up share capital of 300,000.

At 31 March 2003, the Company offset an amount of 16,313,000 representing the value of bonds held by the Company in its capacity as market maker in the secondary market. This holding was sold during 2004.