Statement re call option


 

TIDM81YJ 
 
RNS Number : 1758Q 
Gulf International Bank B.S.C. 
29 July 2010 
 

                                      GIB 
                                  PRESS RELEASE 
Gulf International Bank B.S.C. indicates its intention not to exercise its call 
  option on its 
US$400,000,000 Subordinated Step-Up Floating Rate Notes due 
                                      2015 
Gulf International Bank B.S.C. announced today that it does not intend to 
exercise the redemption option initially available on the interest payment date 
falling in September 2010 on its US$400,000,000 Subordinated Step-Up Floating 
Rate Notes due in 2015, ISIN XS0230799925 (the Notes) 
Gulf International Bank values its relationship with the holders of the Notes as 
important stakeholders in its business; however, the decision not to exercise 
the redemption option is due to the prevailing market environment and economic 
considerations. 
 
 
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   END 
 
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