IPO Monitor

Status

Exchange

Sector

Country of Incorporation

Shares Offered

Offer Size

Percentage Offered

Issue Price

Four investor groups were targeted:

Individual Investors and small businesses received 9% of the capital (530,000 shares) at MAD 680 (USD 75.5) per share.

State-owned regional and popular banks received 4% of the capital (236,000 shares) at a discounted rate of MAD 629 (USD 70) per share.

BCP staff were allocated 3% (177,000) at MAD 529 (USD 58.7) per share, with the condition that they will keep their shares at least three years.

Open Date

Closing Date

Listing Date

Lead Manager

Upline International

Financial Advisor

Upline International

Legal Advisor

Ernst and Young Morocco

Auditors

PricewaterhouseCoopers Morocco

Lead Receiving Bank: Uplines Securities

Co-lead Receiving Bank: ICIF Al Wassit

Attijari Intermadiation, BMCE Bourse, BMCI Bourse, Sogebourse, Safabourse, Credit du Maroc Capital.