Tamweel Tamweel says Operations will not be impacted by investigation. September 10, 2008 Maryam Butti Al Suwaidi EVP - Issuances Securities & Commodities Authority Abu Dhabi, UAE Dear Ms. Al Suwaidi, Following the disclosure on September 9, 2008, by Tamweel Tamweel PJSC that Abdulla Nasser Abdulla, Deputy Group Chief Executive of Tamweel Tamweel PJSC and Chief Executive Officer of Tamweel Properties & Investments LLC, a fully owned subsidiary focused on real estate investment and brokerage services, was detained for questioning earlier this month by Dubai Government authorities in connection with an ongoing investigation, the Company wishes to reassure its shareholders and Sukuk holders that this investigation will have no impact on the operations and financial strength of Tamweel Tamweel . The Company's activities continue to progress as planned, and in line with market performance. Tamweel Tamweel wishes to reassure its stakeholders that this investigation will have no impact on the Company's previously disclosed financial results, including most recently for the first half of this year. Tamweel Tamweel 's Board of Directors and mangement have taken immediate steps to ensure the smooth functioning of the company's business in line with its set plans. These actions include: 1. Allocation of adequate senior management resources across all its operating entities. 2. Proactive engagement with regulators and other stakeholders to ensure their continued support and guidance. 3. In particular, Tamweel Tamweel has received assurances of support from its founding shareholders. 4. Initiation of new measures to ensure the upholding of the strongest corporate governance standards in line with international best practice. Overall, Tamweel Tamweel continues to register high growth in line with buoyant market conditions, posting consistently strong financial results, reflecting the Company's strong business fundamentals and strategy, as well as the demand for its innovative products and solutions. For the remainder of the year and beyond, Tamweel Tamweel will seize every available and appropriate market opportunity and will continue to forge ahead with its business activities, promoting homeownership and providing solutions for property finance. As well, Tamweel Tamweel 's fully owned subsidiaries, including its property business, international operations and escrow business, continue to operate in line with their long-term strategic plans. The Company's core business, real estate finance, continues its healthy and robust momentum of origination. Tamweel Tamweel will advise its stakeholders of further developments on the ongoing investigation as and when these are made available to the Company. The management and employees of Tamweel Tamweel , through their steadfast commitment to the Company's leadership position in the real estate finance sector, remain focused on contributing to the economic growth and diversification of the UAE and wider region. Most important, Tamweel Tamweel continues to act in the best interest of the country and all its stakeholders, including its shareholders and Sukuk holders. Yours Sincerely, Sheikh Khaled bin Zayed bin Saqer Al-Nehayan Chairman © Press Release 2008 from ASDA'A Public Relations & omar 1.1:zy