Abu Dhabi, 06 April 2006: Aabar Petroleum Investments Company PJSC (Aabar) today announced that non-UAE nationals will be allowed to own upto 40% of the company’s share capital effective immediately.

This follows a decision taken by the Aabar board of directors who met this afternoon. “The board has carefully considered the current economic climate in relation to Aabar’s growth objectives in different geographical regions. We have determined
that allowing non-UAE shareholders is beneficial and would enhance the ability of Aabar to achieve its strategic objectives” said Sohail Al Mazrui, Chairman of Aabar.

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