U.A.E.: MAC Sharaf Securities (U.A.E.) LLC announced today that it has appointed Kristen Hopkins as the newest member of its Institutional Sales team. Mr. Hopkins will be responsible for servicing institutional investors in the U.A.E., our global partner network and international institutions.

He is a graduate of Sydney University with a Bachelor in Finance and Economics, and brings a wealth of experience to MAC Sharaf through his experience as a full service stock broker with MAN Financial and Kinetic in Australia and the GFI Group in Singapore.

MAC Sharaf Securities (U.A.E.) LLC., is a joint venture between the Sharaf Group, Mohammed Abdul Rahim Al Ali and McMillen Advantage Capital Limited (“MAC”). MAC has seven international brokers and corporate advisors as shareholders, based in London, Tokyo, Paris, Hong Kong, Geneva and Bangkok and they will all support the growth of MAC Sharaf in its expansion within the United Arab Emirates.

Mr. Sharafuddin Sharaf, MAC Sharaf’s Chairman, said “We extend a warm welcome to Kristen as the newest member of our sales team. The experience he brings from Australia and Singapore will serve to benefit our markets and provide U.A.E. institutions with service of an international standard.”

“Local institutions deserve service of an international standard, supported by a high level of fundamental research and the insight provided by professionals who have actually visited the investee companies and asked difficult questions of management.” added Robert W. McMillen, MAC Sharaf’s Vice Chairman and founder of MAC.

Michael Fernandez, Managing Director of MAC Sharaf, said “We are very pleased to have Kristen join our team. MAC Sharaf is dedicated to providing local institutions with international standards of service and coverage. In his new role, Kristen will be both further bolstering our presence in the markets and highlighting our commitment to standards on the DFM and ADSM.”

MAC Sharaf’s Head Office is at Suite 134 Building, Gold and Diamond Park, Interchange 4, Sheikh Zayed Road, P.O. Box 122723, Dubai, U.A.E. and at the Company’s principal contact number are;

                                                                                                                  %
            Sharaf Investments LLC                                                    25.5
            Major General Mohammed Abdul Rahim Al Ali             25.5
            McMillen Advantage Capital Limited                               49.0
                                                                                                          100.00

         Sharafuddin Sharaf              (Chairman)
         Robert W. McMillen              (Vice Chairman)
         Yasser Sharaf                        (Director)
         Jassim Al Ali                           (Director)
         Michael A.W. Fernandez      (Director and Managing Director)

Managing Director :                                 Michael Fernandez
Sales Team :                                             Nour Al Zoubi
                                                                      Amjad Bakir
                                                                      Kristen Hopkins
                                                                      Abdullah Al Rustamani
                                                                      Hamda Al Ali
                                                                      Qisar Nehal
Head of Customer Service :                  Rania Ababneh
Head of Research :                                  Sanyalak Manibhandu         
Head of Operations :                                Manish Goel