Announcement regarding Arabtec Rights Issue

DUBAI, 29May 2013 - Arabtec Holding PJSC ("Arabtec" or "the Company"), a leading MENA construction company specialising in complex projects, today notes that the shares of Arabtec are deemed as being 'Ex-Rights' with effect from 29May 2013. As per the rules and regulations of the Dubai Financial Market, Arabtec shares will trade, as of 29 May 2013, at the Ex-Rights price.Shareholders of Arabtec who are on the official Dubai Financial Market registeras at the end of the official working hours on 30 May 2013(see note below) are entitled to apply for one additional share for every share they hold ("Eligible Shareholders").

Eligible Shareholders will be able to apply for Rights Issue shares from 9 June 2013 until 23 June 2013 during the official working hours from participating branches of National Bank of Abu Dhabi (lead receiving bank) and Abu Dhabi Commercial Bank (receiving bank).

Application forms for subscription and invitation to subscription documents will be available in any of the participating branches of National Bank of Abu Dhabi and Abu Dhabi Commercial Bank from 9 June 2013, the opening date of the subscription. Shareholders may also obtain the subscription invitationdocuments by visiting the Arabtec website: www.arabtecholding.com.

Hasan Abdullah Ismaik, Managing Director and CEO of Arabtec Holding said:

"We are confident that shareholders will participate actively in the Rights Issue and urge shareholders to apply for their additional shares in a timely manner in order to secure their Rights Issue shares. Arabtec continues to make good progress on delivering its business strategy and the Rights Issue will allow our shareholders to take part in the future growth of the business."

Ismaik added: "Our backlog has increased significantly in the last year and the Company is in a very strong position to leverage the extended period of increased sector growthexpected across the region. The dividend policy target we have already announcedis aimed toprovide our shareholders with a regular return on their investment as they participate in our growth."

Arabtec reported recently a 20 percent rise in first quarter 2013 revenue to AED 1.55 billion, largely driven by strong performance in Saudi Arabia and Qatar operations.

Note: Shareholders of the Company as per the share register of the Company listed on the Dubai Financial Market as at the end of the official working hours on 30 May 2013 (the "Due Date") are entitled to subscribe for the Increase Shares and shall have a priority right in Increase Shares. Subscription applications in Increase Shares shall not be accepted by any person who becomes a shareholder after the Due Date. It should be noted that due to the settlement systems of the Dubai Financial Market based on the principle ofregistering shares purchased in the Company's record after two working days from the date of purchase, the shareholder registered on the Due Date is the shareholder who owns Company shares on 28 May 2013 at the latest, and shall be accordingly qualified to subscribe to the Increase Shares. Past the Due Date, becoming a shareholder shall not give entitlement to subscribe to the Increase Shares.

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About Arabtec Holding
Since 1975, Arabtec Holding PJSC (Arabtec) has completed a number of iconic projects within the residential and commercial space. Projects include hotels, airports, higher education developments, residential buildings and distribution facilities, amongst others. Arabtec is also renowned for its expertise in industrial and infrastructure works including oil and gas, pipeline construction, power generation, marine works and general manufacturing facilities.

Arabtec was listed on the Dubai Financial Market in 2005, and at the time, was the first private construction firm to go public. Today, Arabtec Holding consists of many subsidiaries, with specialisation in all construction sectors. The Company currently operates in the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Egypt, India, Jordan, Palestine, Russia and Syria. Arabtec continues to expand into additional markets; Arabtec recognises that this growth presents a new set of challenges but is cognisant of the endless opportunities this growth also allows.

For more information, please visit www.arabtecholding.com

For further information, please contact:
Brunswick Group +
Assheton Spiegelberg
Dominic Whiting