Statement re Possible Offer

Commercial Intnl Bank (Egypt) SAE
01 October 2007




Cairo, September 30, 2007 - Commercial International Bank (CIB) and Arab African
International Bank (AAIB) announced today that they have agreed to exchange
confidential information on an exclusive basis, which could lead to negotiations
toward a possible business combination.  To date, the parties have not conducted
any due diligence nor have they agreed to any terms regarding a possible
transaction.

Any future transaction between the parties would be contingent upon satisfactory
completion of due diligence, approval by their respective boards of directors,
extra ordinary general shareholders meetings and execution of a definitive
combination agreement.  In addition, any future contractual agreement would be
subject to conditions including the approval by the Central Bank of Egypt and
any other regulatory approvals, in accordance with applicable law.

There can be no assurance that discussions between CIB and AAIB will result in
any specific transaction, and it is possible that no transaction will occur.
Moreover, there is no specific timetable for any potential discussions.  CIB and
AAIB intend to have no further comment until either a definitive agreement is
executed or negotiations are terminated.


                      This information is provided by RNS
            The company news service from the London Stock Exchange