Investor and Media Centre

NOTICE of DEPA LIMITED EXTRAORDINARY GENERAL MEETING

Feb 11 ,2010

The Directors of Depa Limited hereby give notice that an Extraordinary General Meeting of the Company shall be held on Monday 15 March, 2010 at 5.00pm at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 4.00pm. 

The resolutions to be put forward for shareholder approval at the EGM are detailed as follows: 

Special Resolution: 

Resolution 1: THAT, the authority conferred on the Board of Directors at the previous EGM on November 5th, 2008 be renewed, if and to the extent resolved by the Board of Directors, the ordinary share capital of the Company be redenominated from US Dollars to UAE Dirhams, and that the Board of Directors have the power to implement such redenomination as they see fit including, without limitation, in relation to the selection of an appropriate exchange rate and the mechanism for dealing with fractional entitlements 

Resolution 2: THAT, the Board of Directors be and are hereby generally and unconditionally granted the power to approve and implement a stock split of ratio 2:1 resulting in the issuance of one additional ordinary share for every outstanding ordinary share held on the Record Date of Tuesday 30th March, 2010 

Deutsche Bank has been appointed as the tabulation agent and is authorised to collect all voting instructions and requests for attendance from NASDAQ Dubai members. If you are not a direct NASDAQ Dubai, member you will be asked to lodge your instructions with your relevant custodian in their capacity as a NASDAQ Dubai member who will then validate and lodge all their instructions with Deutsche Bank, as the tabulation agent. 

Only those members entered on the relevant register of shareholders at close of business on Thursday February 18, 2010(the "Record Date") shall be entitled to vote at the EGM.  Monday February 15, 2010 will be the last day of trading prior to the Record Date, to ensure eligibility for attending/voting at the meeting. 

Please note that a member entitled to attend and vote at the Meeting is also entitled to appoint one or more proxies to vote on their behalf. A proxy appointed in this manner need not also be a member. 

You will receive further communication shortly from either Deutsche Bank or your broker/custodian regarding this process and supporting documentation, which should be distributed via your usual channels to your clients and beneficial owners to facilitate their voting and attendance at this meeting. 

CONTACT US

Depa Group, Vision Tower,
35th Floor, P.O. Box 56338,
Dubai, U.A.E.
T: +9714-446-2100
F: +9714-446-2102
info@depa.com

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