Financial Results for the full year ended 31 December 2012

Strong growth profile maintained - reported earnings per share up 21.1%

Proposed bonus share distribution of 55.5m shares representing c.10.2% of Aamal’s share capital

Doha, 4 March 2013 – the Board of Directors of Aamal Company QSC (“Aamal”), one of the GCC’s fastest growing diversified companies, today announces the financial results for the year ended 31 December 2012.

Financial Highlights

• Group revenue up 19.6% to QAR 2,283.9m (2011: QAR 1,910.1m)
• Net profit¹ increased 17.0% to QAR 624.5m (2011: QAR 533.7m)
• Gross Profit increased by 1.3% to QAR 446.3m (2011:440.7m)
• Reported earnings per share up 21.1% to QAR 1.09 (2011: QAR 0.90²)
• Fair value gains of QAR 388.8m on investment properties (2011: QAR 287.6m) reflecting the on-going improvements at City Center Doha and revaluations of land plots purchased during the year
• Net investment in capital expenditure of QAR 241.8m (2011: QAR 64.4m) driven by Phase 1 of the City Center Doha expansion project and purchase of land for retail development
• Financial gearing³reduced to 9.7% (31 December 2011: 10.2%)
• Net margins⁴ decreased to 10.3% (2011: 12.9%) primarily due to the on-going shift in business focus to higher volume lower margin industrial manufacturing in line with the Company’s medium term growth strategy

¹ Net profit is stated after fair value gains on investment properties and the deduction of Head Office costs but before the deduction of non-controlling interests

² In April 2012, Aamal issued and capitalised bonus shares so FY 2011 EPS has been adjusted accordingly (Company share capital increased to QAR 5.4bn from QAR 4.95bn)

³ Net debt to net debt plus equity

⁴Including income from Associates but excluding fair value gains on investment properties

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