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Classification: General
Kuwait Energy
Kuwait Energy Plc, Queensway House, Hilgrove Street, St Helier, Jersey JEI 1ES
At Resolution 6, we would like your approval to buy-back the remaining 4,032,260 shares fromMr Al Howqal
(4,825,001-792,741) at a price of KWD0.620 per share (being the same price as for the 2011 group
restructuring), with a view to exiting the financing arrangement completely in the event of an IPO.
Resolution 7 - Adoption of new Articles of Association
In the event that Kuwait Energy is listed on London Stock Exchange plc’s main market for listed securities, it
will need to adopt new Articles of Association appropriate for a listed company. We would therefore like your
approval to adopt new Articles of Association, but only if Kuwait Energy is listed. Copies of the proposed new
Articles of Association are available on our website and will be available at the EGM. The proposed new
Articles of Association are in a form which will allow Kuwait Energy to comply with the requirements made
of a listed company. The resolution to adopt the new Articles of Association is conditional upon the listing of
Kuwait Energy.
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Your directors believe that the proposals in the above-mentioned resolutions are in the best interests of both
Kuwait Energy and its shareholders. Accordingly, the directors unanimously recommend that you vote in
favour of all of these resolutions.
If you should have any queries regarding the contents of this letter, please contact Hussain Almosawy of our
Investor Relations Department by email at
Hussain.almosawy@kec.com.kwor by telephone on +965 2576
7722.
I very much look forward to seeing you on 11 May 2017 and thank you for your continued support.
Yours faithfully
.....................................
Dr Manssour Aboukhamseen
Chairman