AGM Statement

Commercial Intnl Bank (Egypt) SAE
18 March 2008



                               Draft Resolutions
                         CIB Ordinary General Assembly
                            To Be Held March 17, 2008



CIB Ordinary General Assembly convened at 11:00 A.M. on the 17th of March 2008.
The Assembly deliberated the items of the Agenda and concluded the following
resolutions:



First:   CIB Ordinary General Assembly unanimously approved the Board of
Directors' Report for the financial year ending 31/12/2007.



Second: CIB Ordinary General Assembly unanimously approved the Balance
Sheet, Income Statement and other financial notes for the financial year ending
31/12/2007.



Third:   CIB Ordinary General Assembly unanimously approved the
Appropriation  Account for the year 2007.



Fourth:  CIB Ordinary General Assembly unanimously approved releasing
members of the Board of Directors for the Financial Year ending 31/12/2007 and
determined their remuneration for the year 2008 to be EGP 75,000 to be paid
directly to each member.



Fifth:   CIB Ordinary General Assembly unanimously approved appointing
Mr. Ehab Fahwzy Akl (KPMG & Hazem Hassan Public Accountants & Consultants) and
Mr. Nabil Akram Estanbouly (Allied for Accounting & Auditing E&Y Public
Accountants& Consultants) as the Bank's External Auditors for the financial year
2008 for auditing and issuing the annual and quarterly audit reports and Bank's
Financial Statements, as required by the Central Bank of Egypt and Capital
Market General Authority regulations, for annual fees of EGP 450,000 (to be
equally divided among them).  Also, the Ordinary General Assembly unanimously
approved the payment of EGP 75,000 to (KPMG & Hazem Hassan Public Accounts &
Consultants) for auditing and issuing the Bank's annual and quarterly
consolidated Financial Statements (as required by the Central Bank of Egypt).



Sixth:  CIB Ordinary General Assembly unanimously approved authorizing the
Board of Directors to effect donations during the year 2008 for over EGP 1000
each as  per article 101 of Companies' Law 159 for 1981.



Seventh: CIB Ordinary General Assembly unanimously approved reformation of
CIB's Board of Directors for the next three-year term to be as follows:

        -    Mr. Amin Hisham Ezz Al-Arab
        -    Mrs. Sahar Mohamed Aly El Sallab
        -    Dr. William Messeiha Mikhail
        -    Counselor Mahmoud Mohamed Fahmy
        -    Dr. Nadia Makram Ebeid
        -    Mr. Timothy C. Collins
        -    Mr. Lucio Noto.
        -    Mr. Robert Willumstad


Eighth:  CIB Ordinary General Assembly were advised about 2008 Remuneration for
the Audit Committee Members to be EGP 72k for the president and EGP 60k each
member.  All relevant taxes due on such amounts are to be borne by the bank.








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