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News Article

09 April 2007

CB PJSC US$1,500,000,000 Term Loan Facility

Abu Dhabi Commercial Bank PJSC (the “Bank”) has closed the largest, public syndicated loan in the history of the Middle East region. The deal mandated to The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas, Commerzbank Aktiengesellschaft, ING Bank N.V. and Standard Chartered Bank(the “Original MLAs) for US$1,000,000,000 Term Loan Facility was oversubscribed 1.7x and ADCB has decided to scale back investors and take only USD 1.5 billion from the market.

The Facility, which will have an initial maturity of five years and includes two extension options of one year each, will be for general funding purposes and has a margin of 25 bps over Libor.

The Original MLAs have been joined by Barclays Bank PLC, Bank of America, Calyon, Deutsche Bank, SMBC, Fortis Bank, J P Morgan, Mizuho, Royal Bank of Scotland , RZB and QNB as Mandated Lead Arrangers (the “MLAs”) and 18 other banks in the general syndication primarily from Europe, Asia and Australia.

Eirvin Knox, CEO said “The size and pricing of this syndicated loan facility is a massive vote of confidence in ADCB by the international financial markets and demonstrates the attractiveness of the UAE as a safe haven for capital’ Following on from its GBP 500 million bond issue in November 2006, this deal consolidates ADCB’s position as the leading bank attracting inward investment into the UAE’

‘This USD 1.5 billion loan is the largest deal in the Middle East region and the pricing on the deal of 25 bps is a new pricing benchmark for this region beating the previous benchmark of 27.5 bps set by ADCB in October 2005,’ Knox concluded.

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