Ex-rights date August 13

Trading period August 16 to September 3

Subscription period August 23 to September 10

Final allocation to be announced September 20

Subscription can be done through 40 ADIB branches

Abu Dhabi, 23 July 2015: Abu Dhabi Islamic Bank (ADIB) has set out key dates for its rights issue. This follows ADIB's Extraordinary General Meeting held on 28th June 2015 which approved ADIB's capital increase by way of a rights issue of 168 million new shares to raise AED 504 million of new shareholders equity.

The rights issue has been proposed to support ADIB's continued growth. ADIB reported a net profit of AED 502.6 million for the second quarter of 2015, a 10.5 percent increase from a year earlier, as the number of customers increased by 31.9% reflecting the continued strength of the main banking activities across all customer segments. ADIB expects more opportunities for expansion in the coming years, and the rights issue forms part of a capital growth plan to support them.

Under the plan for the rights issue, each existing shareholder will have the right to subscribe to 56 new shares for every 1000 shares held on 2 pm on August 13th, 2015, and subscription will start on August 23, and end on September 10, 2015.

Each right grants its holder the eligibility to subscribe to one new share at an issue price of AED 3 per share, reflecting the nominal value of AED 1 per share, and a share premium of AED 2 per share. Shareholders will have the option of selling and buying their rights during the trading period through the Abu Dhabi Securities Exchange between August16 and September 3.

Shareholders wishing to exercise their right of buying new shares will need to subscribe by filling in a form that can be downloaded from ADIB's website, rightsissue.adib.ae or through ADIB's mobile app, and then delivering it to one of the participating ADIB branches. An investor number will be needed for this.

ADIB will act as the receiving bank and oversee the subscription process, and shareholders can visit any of 40 ADIB branches which have been designated to receive subscriptions across the country to exercise their rights in subscribing to new shares. A list of designated branches can also be viewed on ADIB's website.

For more information, please contact the dedicated call center telephone number on 02 6520878 or visit rightsissue.adib.ae

-Ends-

About ADIB
ADIB is one of the largest retail banks in the UAE. Its 750,000 customers benefit from a network of nearly 88 branches and more than 700 ATMs, as well as online, mobile and phone banking, providing them access to their accounts 24 hours a day. Named "Best Bank in the UAE" by The Financial Times' The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Etihad and Etisalat and a wide range of financing products. The bank has continuously increased its asset base over the past five years and is continuing to build its presence internationally in countries such as Egypt, in which it has 70 branches, as well as the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar.

For media information, please visit www.adib.ae or contact:
ADIB                                                                                               
Radwa Shehab                                                                               
Corporate Communications & PR                                               
Direct: +971 2 6910169                                                               
Mobile: +971 50 473 4482                                                                        
Email:Radwa.shehab@adib.com       
                                          
Brunswick Group
Mouaffak Hajjar
Executive
Direct: +971 2 234 4604
Mobile: +971 56 174 8183
Email: ADIB@brunswickgroup.com

IMPORTANT INFORMATION

THIS PRESS RELEASE MAY NOT BE PUBLISHED OR DISTRIBUTED, AND SHOULD NOT BE FORWARDED OR TRANSMITTED, IN OR INTO OR TO ANY JURISDICTION OUTSIDE THE UNITED ARAB EMIRATES (THE "UAE"). ADIB IS NOT TAKING ANY ACTION TO PERMIT AN OFFERING OF NEW SHARES IN ANY JURISDICTION OUTSIDE THE UAE.

This announcement does not constitute or form part of, and should not be construed as, an offer or invitation to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares, nor shall it (or any part of this announcement) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment.  Information regarding the rights issue and the new shares will be contained in an shareholder circular and the exercise of any rights in connection with the rights issue must be made solely on the basis of the information contained in the shareholder circular. No person should construe or consider the contents of this press release as legal, financial or tax advice. All persons should consult their own advisers in connection with the Rights Issue.

No person has been authorised to give any information or to make any representations and, if given or made, such information or representations must not be relied on as having been authorised by ADIB.

The new shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or under any securities laws of any state or other jurisdiction of the United States and accordingly may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within the United States except pursuant to registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no offer of new shares in any jurisdiction outside of the UAE.

© Press Release 2015