Barwa Offer for Alaqaria shares nearing close

Remaining Alaqaria Shareholders reminded to complete Form of Acceptance by 14 April 2010 deadline

12 April 2010, Doha: The offer by Barwa Real Estate Company Q.S.C. ("Barwa") to acquire the share capital of Qatar Real Estate Company Q.S.C. ("Alaqaria") will close at 2.00 pm (Doha time) on Wednesday 14 April 2010. Alaqaria shareholders that have not yet accepted the offer have until this time to do so by returning the signed Form of Acceptance to the head office of Alaqaria, Museum Street, Old Salata, Doha.

Mr. Ghanim Bin Saad Al Saad, Chairman and Managing Director of Barwa and Managing Director of Qatari Diar, and Sheikh Khalid Bin Khalifa Bin Jassem Al-Thani, Chairman and Managing Director of Alaqaria, today jointly stated: "The shareholders of Alaqaria have clearly recognized the benefits that the combination creates, and to date we have received an overwhelming positive response. We would like to remind those Alaqaria shareholders who have not yet accepted the offer, to do so by Wednesday 14 April, 2010."

If you are an Alaqaria shareholder and have any questions about the transaction, please see www.barwa-alaqaria-merger.com or call the Alaqaria helpline on 800 1090.

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Contacts
For more information on Barwa
Citigate Dewe Rogerson
Seb Hoyle / Ayman Hammamieh
+974 452 8335

For more information on Alaqaria
Capital MS&L
Patrick Forbes / Farris Bukhari
+974 588 5301