NOTICE TO CERTIFICATEHOLDERS DATED 20 MAY 2008
by
AABAR SUKUK LIMITED
(incorporated in the Cayman Islands with limited liability)
(the "Issuer")
to the holders (the "Certificateholders") of its
US$460,000,000 Trust Certificates due 2010
Common Code: 025742095 ISIN: XS0257420959
(the "Certificates")

(a) a Pearl Change of Control occurred on 20 May 2008;

(b) the Additional Voluntary Redemption Date by which Certificateholders may elect to redeem their Certificates early in accordance with the Conditions shall be 2 July 2008;

(c) Certificateholder wishing to elect to redeem their Certificates early as set out in (b)
above must:

(i) serve a Voluntary Early Redemption Notice in the form set out in Appendix 1 to this Notice;
(ii) serve an Exchange Notice in the form set out in Appendix 2 to this Notice if Physical Settlement is being elected; and
(iii) deliver the Relevant Certificates, on the Issuer and the Principal Paying and Exchange Agent no later than 11 June 2008. In accordance with Condition 6.1(c), a Voluntary Early Redemption Notice will be considered given on 11 June 2008 if it is deposited at the specified offices of the Issuer and the Principal Paying and Exchange Agent, as set out in this Notice, by no later than 14.00 hours (London time) on 10 June 2008; and (d) any Certificateholder who:

i) fails to deliver a Voluntary Early Redemption Notice as set out in this Notice; or

(ii) delivers a Voluntary Early Redemption Notice and fails to specify his election as to redemption by way of Physical Settlement or Cash Settlement, shall have his Certificates redeemed on the Pearl Scheduled Redemption Date by way of Cash Settlement, at the election of the Obligor. The Issuer and Aabar Energy PJSC (formerly Aabar Petroleum Investments Company PJSC) accept responsibility for the information contained in this Notice. Capitalised terms not otherwise defined have the meanings given in the terms and conditions of the Certificates.

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DUBLIB01/DXBMAB/36228.3 Lovells
The specified offices of the Issuer and the Principle Paying and Exchange Agent shall be as
follows:
Issuer:

Aabar Sukuk Limited
c/o Maples Finance Jersey Limited
La Masurier House
La Rue Le Masurier
St. Helier
Jersey JE2 4YE

Attn: Directors
Principal Paying and Exchange Agent:
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
Attn: Trust & Securities Services

Attachments:

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