In reference to the announcement made by The Saudi British Bank on June 16, 2019 regarding the effectiveness of the resolution to merge Alawwal bank in SABB, and since it was agreed in the merger agreement between the Saudi British bank ('SABB') and Alawwal Bank dated 3 October 2018 (the 'Merger Agreement') that the board of directors of SABB (as surviving bank) would be subject to certain changes after the merger becomes effective as set out in the shareholder Circular issued by SABB. SABB Board has issued a resolution by circulation to accept the resignations of the following Directors: Mr. Khaled Suliman Olayan (Chairman), effective June 15, 2019; Georges El-Hedery(Non-Executive - HSBC Representative), effective June 15, 2019 and the appointment of the following members nominated by Alawwal bank pursuant to the Merger Agreement: Lubna Sulaiman Olayan (Non-Executive Director); Ahmed Farid Al-Aulaqi (Independent Director); and Maria Ramos (Independent Director). With wide-ranging experience in investments and operating companies, Ms. Olayan served as CEO of Olayan Financing Company for over 35 years, and presently chairs its ExCom, in addition to chairing the board of Olayan Saudi Holding Company. She has also been a member of the board of Schlumberger since 2011, and in 2016 she joined the board of Ma'aden. Mr. Ahmed has 32 years of investment management, and treasury experience across multiple geographies. And assumed several roles including Chief Executive Officer of NCB Capita, President of Safanad and board member of Alawwal Bank. Currently, he is the President of Lakemore and a member of the firm's Board of Directors. He sits on Lakemore's Investment Committee and is responsible for setting the firm's business and investment strategy. Mrs. Maria has accumulated experience as an executive in the fields of public finance and Government Treasury, infrastructure and logistics, banking and listed companies including as a non-executive director on a number of Boards in previous periods. She presently serves as a Non-Executive Director on a number of Boards.