16 December 2010
The restructuring of Amlak Finance is being managed by a Committee, which is
currently considering a number of options in respect of Amlak Finance PJSC and the
interests of all the stakeholders.

There was an option earlier considered involving the longer term loan of AED 230
million by Emaar Properties to Amlak Finance be converted into equity. However, other
better and viable options have been identified, which are now being considered and
discussed.

The management and the Board of Emaar will ensure that interests of its shareholders
and stakeholders are considered in acceptance of any option as discussed by the
Committee.

-Ends-

© Press Release 2010