Agility’s Subsidiary’s convertible debt with NREC

Reference to our previous disclosure dated 8 February 2017, regarding Agility’s subsidiary’s investment in National Real Estate Company KSCP “NREC” for a value of 31 million Kuwaiti Dinars through a convertible debt instrument, Agility would like to announce that the CMA has issued its approval to increase the paid up capital of NREC by 27,280,000 Kuwaiti Dinars equivalent to 272,280,000 shares, i.e. 25.06% of NREC’s Capital.

This increase will be allocated to Agility’s subsidiary “Agility Investment Holding Limited” against the outstanding debt.