Manama, 11 December 2008 - Arcapita Bank B.S.C.(c) Arcapita Bank B.S.C.(c) , a leading international investment firm headquartered in Bahrain, announced today that Standard and Poor's has re-affirmed Arcapita Arcapita 's BBB/A-2 credit rating.

This re-affirmation comes during an extended period of economic uncertainty, when ratings awards across the board are under considerable pressure, and the outlook for the global economy is mixed. It reflects the diversity of the revenue sources built into Arcapita Arcapita 's business model, as well as the strong network of relationships the bank has built with its investor base in the Arabian Gulf. In its analysis of Arcapita Arcapita , Standard & Poor's wrote "The ratings on Arcapita Arcapita continue to reflect its adequate capitalization, satisfactory investment portfolio diversification and wealthy Gulf-Based client base."

Atif A. Abdulmalik, Chief Executive Officer of Arcapita Arcapita , expressed satisfaction at this conclusion of Standard & Poor's annual review process. "In an environment where ratings downgrades have become increasingly commonplace, particularly amongst financial services companies, this re-affirmation of Arcapita Arcapita 's credit rating is a meaningful endorsement for the business that we have built. We have been successful in growing the company quickly during recent years, but we have done so whilst maintaining a conservative policy towards the management of our balance sheet and operating within the boundaries of a well-defined risk management infrastructure. As a result of recent efforts, we have further strengthened our liquidity position, and I believe that we are well placed to take advantage of the opportunities that will result from the current market dislocation in the coming quarters."

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About Arcapita Arcapita Arcapita is a global investment bank headquartered in Bahrain with offices in Atlanta, London and Singapore, and operates across four lines of business: Corporate Investment, Real Estate Investment, Asset-Based Investment and Venture Capital. Since its foundation in 1997, Arcapita Arcapita has completed 73 transactions with a total value of almost $27 billion and has a balance sheet footing of over $5 billion. Arcapita Arcapita reported a net income of $362 million for its fiscal year 2008. Arcapita Arcapita 's portfolio of investments covers numerous industries, in particular business services - which includes logistics - retail, consumer products, energy, specialized manufacturing and healthcare.

Full details of Arcapita Arcapita can be found at www.arcapita.com Enquiries Financial Dynamics Jon Earl jon.earl@fd.com +973 17537072

© Press Release 2008 from Financial Dynamics & omar 1.1:zy