Disclosure of Decisions taken by Board of Directors Meeting held on 3rd March 2015

Disclosure of Decisions taken by Board of Directors Meeting

held on 3^rd March 2015

At the Annual General Meeting (“AGM”) of Oman Refreshment Company SAOG (“ORC/the Company”) held at 3 pm on Tuesday 3^rd March 2015 at Al Falaj Hotel, Ruwi, following persons were elected as members of the new Board of Directors for a new term of office of 3 years (2015-2018):

The new Board of Directors (“Board”) met after the Annual General Meeting (“AGM”) and elected Mr. Buti Obaid Al Mulla as the Chairman and Sheikh Ahmed Mohamed Bin Omeir Al Hinai as the Vice Chairman.

The Board has appointed an Audit Committee on the same terms of existing Audit Committee charter of the Company. The new audit committee comprised of Mr. Mohamed Abdul Aziz Al Owais as the Chairman and Mr. Mohamed Abdullah Moosa Al Raisi & Mr. Ali Humaid Al Owais as its members. All the Audit Committee members are independent and non-executive directors, with considerable Business, Accounting & Financial management experience.

The Board has appointed a Nomination & Remuneration Committee (REMCO) on the same terms of existing REMCO Committee charter of the Company. The new REMCO comprised of Mr. Mana Mohamed Al Mulla as the Chairman and Mr. Mohamed Abdul Aziz Al Owais & Mr. Ali Humaid Al Owais as its members.

The Board has decided to continue the services of M/s. Rajab Al Kathiri & Associates as the company’s legal advisor for the period of 1st April 2015 to 31st March 2016 and approved their proposed fees.

The Board has also extended tenure of Sheikh Hamoud Ahmed Al Hinai as the Managing Director of the Company for another period of 3 years and fixed his remuneration, and appointed Mr. Youssef Ezzikhe as the Secretary to the Board.

Buti Obaid Al Mulla

Chairman