Classification: General
Kuwait Energy
Kuwait Energy Plc, Queensway House, Hilgrove Street, St Helier, Jersey JEI 1ES
Resolution 11 - Disapplication of pre-emption to permit issues or sales of shares for cash only in respect of
up to 5%
In the event that Kuwait Energy is listed on a stock exchange, the board of directors would want to be
authorised to make limited allotments of ordinary shares for cash other than according to the pre-emption
rights set out in its Articles of Association. Resolution 11 would provide the board of directors with the
power to allot shares for cash when they consider it is in the best interests of Kuwait Energy to do so up to
a maximum nominal amount of GBP17,600,690 (which includes the sale on a non-pre-emptive basis of any
treasury shares of Kuwait Energy for cash) representing approximately 5% of Kuwait Energy’s issued shares
(including treasury shares) as at 30 September 2014. There are presently no plans to allot shares for cash
following any possible IPO.
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 Dalal Aldousari of our
Investor Relations Department by email at
or by telephone on +965 2576
7723.
I very much look forward to seeing you on 19 October 2014 and thank you for your continued support.
Once again I apologise for any inconvenience caused by the rescheduling of the meeting.
Yours faithfully,
.....................................
Dr Manssour Aboukhamseen
Chairman
