Abu Dhabi, United Arab Emirates - April 11, 2012

Abu Dhabi National Insurance Company (ADNIC), one of the leading insurance companies in the U.A.E., announced that the shareholders approved a cash dividend in the amount of 35 fils per share at its 39th Annual General Assembly Meeting (AGM) held on April 10, 2012 at the Millennium Hotel in Abu Dhai.

The Annual General Assembly of ADNIC was chaired by H.E. Khalifa Al Kindi, Chairman of ADNIC's Board of Directors. The Board of Directors Report, the Auditors Report and Financial Statements for 2011 were also approved at the Assembly.

Mr. Walid Sidani, Chief Executive Officer of ADNIC said, "ADNIC's strong financial performance reflects and correlates with the resilience and innovation demonstrated by the United Arab Emirates where we serve. As such, ADNIC has continued to maintain its strong leadership and brand reputation as 'Your Reliable Insurer'."

ADNIC's gross written premium increased by 17% for the year 2011. In addition, its net underwriting income increased by 24% to AED 275 million. This resulted in a growth of 11% in net profit reaching AED 158 million for the year. This is primarily due to the Company's strategy to increase its premium retention levels and cross-selling initiatives on high quality risks.

ADNIC's financial strength has been reaffirmed in 2011 by the leading global financial rating agencies with A.M. Best's A (Excellent) and Standard & Poor's A- with a positive outlook. ADNIC is one of a select number of institutions to have their financial rating maintained in the A category across the Middle East and North Africa.

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About Abu Dhabi National Insurance Company
Abu Dhabi National Insurance Company (ADNIC) PSC is a leading multi-line insurance provider with five branches and a network of sales and services centers across the United Arab Emirates. Founded in Abu Dhabi in 1972, it offers a wide range of general insurance and life insurance products and services for individuals, small, mid-sized and large companies and multi-national corporations in the United Arab Emirates, as well as being a leading provider of risk underwriting solutions across the Middle East and North Africa (MENA) region. ADNIC is established in the United Arab Emirates under the motto "Your Reliable Insurer".

Listed on the Abu Dhabi Securities Exchange, ADNIC was nominated "Middle East Insurance Company of the Year" in 2009, 2010 and 2011 by World Finance Magazine, as well as the Insurance Company of the Year at the Middle East Insurance Forum (MEIF 2011) 2011 MEIF. The Company is also (A-) rated by Standard & Poor's with a Positive outlook, as well as A (Excellent) by A.M. Best with a Stable outlook.

For more information, please contact:
ADNIC Corporate Marketing and Communications
Mrs. Dana Hudairi
D: +971 2 4080419
F: +971 2 4080 625
E-mail: d.hudairi@adnic.ae
www.adnic.ae

ADNIC Investments & Investor Relations
Mr. Esmat Taha
D: +971 2 4080152
F: +971 2 4080 628
E-mail: e.taha@adnic.ae
www.adnic.ae

© Press Release 2012