1.

Reconciliation between local accounts and consolidation package

The identified adjustments were booked in the reporting package. Following are the balance sheet and
income statement with these adjustments:

Amount Amount
Account Debit Account credit Description
debit credit
Other liabilities 32 Adjustment of provision for
  Staff costs   32 employee benefits
Provision (Reversal) for
1,135 Adjustment of provisions on
impairment
sales receivables
  Sales receivables 1,135
Other equities 168 Valuation of BEST LEASE
Investment in affiliate, shares based on Equity
    168
associated and subsidiaries method
Depreciation and
26 Adjustments of amortization
amortization
using the group rates
  Fixed assets 26
Taxation 267
Adjustment of local taxation
Other liabilities 267
 30/09/2010
(All Amounts in US$'000) 30/09/2010 (1) Adjustment
Adjusted
ASSETS
Cash and balances with Central Bank and other banks 20,934 20 934
Sales Receivables 345,240 -1,135 344 105
Moudharaba Financing 123,570 123 570
Investment in affiliate, associated and subsidiaries 3,518 -168 3 350
Non-trading investments 3,995 3 995
Fixed assets 5,764 26 5 738
Intangible assets 612 612
Other assets 4,657 4 657
TOTAL ASSETS 508,290 -1,329 506,961
LIABILITIES
Customer's current and other accounts 124,700 124 700
Due to banks and financial institutions 24,451 24 451
Other liabilities 6,646 235 6 881
TOTAL LIABILITIES 155,797 235 156,032

Unrestricted investment Accounts 260,965 260,965

SHAREHOLDERS’ EQUITY
Capital 50,000 50 000
Reserves 28,030 28 030
Retained earnings 13,026 -1,396 11 630
Others 472 -168 304

TOTAL SHAREHOLDERS’ EQUITY 91,528 -1,564 89,964

TOTAL LIABILITIES, UNRESTRICTED

508,290 -1,329 506,961
ACCOUNTS AND SHAREHOLDERS’ EQUITY

(1)
Include previous adjustments booked as of December 2009 and before detailed here after:

Amount Amount
Account Debit Account credit Description
debit credit
Retained earnings 584 Adjustment of provision for
Other liabilities 584 employee benefits
Sales receivables 3,369 Adjustment of provisions on
Retained earnings 3,369 sales receivables
Other assets 1,384 Adjustment of deferred tax
Retained earnings 1,384 asset(2008)
Retained earnings Correction of adjustment of
482
deferred tax asset (2008)
Other assets 482
Retained earnings 902 Adjustment of deferred tax
asset (2009)
Other assets 902
Investment in affiliate, 472 Valuation of BEST LEASE
 Amount Amount
Account Debit Account credit Description
debit credit
associated and subsidiaries shares based on Equity
Other equities 472 method
Fixed assets 591 Adjustments of amortization
using the group rates
Retained earnings 591

4.2 Income statement

Period ended
Period ended as
as at
(All Amounts in US$'000) at September 30, Adjustments
September 30,
2010
2010 adjusted

Joint income from sales receivable 10,991 10 991

Net income from jointly financed contracts and
investments 1,206 1 206
Jointly financed income 12,197 12 197
Gross return on Unrestricted Investment Accounts 6,262 6 262
Bank’s Share as Mudarib -2,504 -2 504
Return on unrestricted investment accounts 3 758 3 758
Bank's share of income from investment accounts 8,439 8,439
Bank’s income from own investments 889 889
Bank’s income from own sales
Mudarib share from managing restricted investment 1 084 1 084
accounts
Revenue from banking services 2 787 2 787
Other operating income 656 656
Total operating income 13,855 13,855
Staff costs 3 097 -32 3 065
Depreciation and amortization 518 -26 544
Provision (Reversal) for impairment -1 914 -1,135 -779
Other operating expenses 1 846 1 846
Total operating expenses 3,548 1,129 4,677
Net income before taxation 10,307 -1,129 9,178
Taxation -657 -267 -924
NET INCOME FOR THE YEAR 9,650 -1,396 8,254
 Appendix 1: Provisions on Sales receivables

Gross Provisions Provisions Expected Discounted Discounted Short Short

Gross Expected CF
Exposure booked booked CF CF CF Provision Provision
PROJECT Exposure December
Septembe December September Septembe December September December September
Dec 2009 2009
r 2010 2009 2010 r 2010 2009 2010 2009 2010
TUNISIE GOLF 4,942 0 4,143 0 3,430 0 1,711 0 -912 0
SORETEX 567 525 514 438 566 525 392 385 -339 -298
Mr. MALLEK MOHAMED 719 668 294 228 717 668 532 576 -107 -136
Mr HASSOUNA JEBENI ABDELAZIZ 904 842 711 586 904 842 644 534 -451 -278
MEDHIOUB ILYES 731 677 319 258 730 677 507 543 -95 -124
M.E.N 637 667 486 513 637 667 584 573 -433 -418
DAOULATLI 1,161 1 077 1,039 964 1,161 1 077 1,031 928 -909 -815
COMPTOIR GLE DE PAPIERS 681 633 621 546 680 680 547 545 -487 -457
MINISTERE / FINANCES SOFOMECA 792 685 0 0 797 685 428 393 364 292
TOTAL 11,134 5,775  8,127 3,534  9,622 5,821  6,376 4,476  -3,369 -2,234