Board resolutions 23.02.2015

 Dear shareholders,

 We are pleased to inform you that the Board of Directors of Sharqiyah Desalination Company SAOG resolved the following in its meeting held on February 23, 2015:

1. To approve the report of the Board of Directors for the year 2014
2. To approve the audited Financials Statements as at 31 December 2014
3. To approve the related parties transactions as at 31 December 2014
4. To approve the sitting fees to Directors or their proxies for year 2014 and consider the sitting fee for the year 2015
5. To recommend the renewal of KPMG’s mandate as the Auditors of The Company for the financial year 2015
6. To approve the Corporate Governance report for the year 2014
7. To propose the dividend distribution as per the year 2014 for a total amount of OMR 586,813 representing 6% of the Company’s share capital and 60 Baisas per share.
8. To approve the agenda and date of the AGM intended to be held on 17 March 2015
9. To approve the following expansion project main documents :
   1. EPC contract
   2. O&M contract
   3. Facilities Agreement
   4. Master Transfer Agreement Deed
   5. ISDA Master Agreement
   6. Bank account mandate
   7. Omani securities