Biggest Single Cash Prize draw on 3rd June

United Arab Emirates, Dubai, 26th May 2010: The long awaited biggest cash prize draw of AED10 Million from MashreqMillionaire will be held on June 3rd in the tallest building in the world, "At The Top Burj Khalifa" from 8 to 8.30 pm. The grand draw will be attended by senior officials of Mashreq and Burj Khalifa, including MashreqMillionaire customers, to witness the event everyone has been waiting for.

Mashreq Millionaire is a unique savings scheme that allows customers to set aside minimum savings with the potential of becoming a millionaire each month. MashreqMillionaire was launched in 1995 and since then, It has distributed AED 336 millions in total prize money and created 215 millionaires.

Douglas Beckett, Head of Retail Banking Group - Mashreq commented, "Over the years, MashreqMillionaire has been the preferred savings scheme for customers and those who prefer a risk-free and capital guaranteed investment opportunity. We have had winners from almost all nationalities -from Asians to Europeans to UAE Nationals. MashreqMillionaire has been a source of happiness for so many people, either by solving their financial problems or by making their dreams come true."

In December 2009 MashreqMillionaire, the longest running and most innovative savings scheme in the UAE, announced its new prize structure for 2010, introducing the mega draw of AED10 Million to one single winner, AED1 Million to one single winner and rewarding 20 customers with smaller prizes of AED 10,000.

Following the mega prize trend, Mashreq was the first bank to introduce the AED5 million cash prize draw in 2007 and AED10 million in 2010. MashreqMillionaire certificates can be purchased for AED 1000 across all Mashreq branches and leading Exchange Centers. Certificates can be en-cashed anytime for their full value after 90 days from date of purchase, as there is a normal charge for encashment within 90 days.

"We have had extensive positive feedback from customers after the prize structure of MashreqMillionaire in 2010 was announced and we definitely look forward to the same response, when the next mega draw is announced for the rest of the year. There are some great surprises awaiting our customers," Beckett added

MashreqMillionaire draws are supervised by the Dubai Economic Department to ensure fair and transparent practices. Certificates are available at all Mashreq branches, UAE Exchange, Al Fardan Exchange, Al Ghurair Exchange outlets and also Online from www.mashreqbank.com for banking customers.

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About Mashreq:
Mashreq is one of the largest banks in the UAE. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts, it was the first to launch such products as travelers' cheques, credit cards and ATMs.

Mashreq has received numerous international awards such as the Best Bank in the UAE in 2008 from Euro money and various awards particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin. It's most recent acknowledgement was Best Consumer Internet Bank in Qatar and Best Consumer Internet Bank regionally by Global Finance Awards 2009.

As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.

Nancy D'Souza
Gulf Hill & Knowlton
Tel: 04 334 4930
Email: Nancy.DSouza@hillandknowlton.com

© Press Release 2010