Bank of Sharjah P.J.S.C. (the Bank) announced the indicative results of its invitation to the holders of the outstanding $500,000,000, 3.374%. Guaranteed Notes due 2020 issued by BoS Funding Limited to tender such Existing Notes for purchase by the Bank for cash. The Offer was announced on 2 September 2019 and was made on the terms and subject to the conditions described in the tender offer memorandum dated 2 September 2019. Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum. As at the Expiration Deadline, the Bank had received valid tenders of $306,815,000 in aggregate principal amount of the Existing Notes for purchase pursuant to the Offer. In the event that the Bank decides to accept tenders of Existing Notes pursuant to the Offer, subject to satisfaction of the New Financing Condition, the Bank may accept for purchase Existing Notes in an amount equal to or lower than the Tendered Amount. The amount of Existing Notes that the Bank may accept for purchase pursuant to the Offer may be subject to possible pro rata scaling (if applicable). As soon as reasonably practicable following the pricing of the New Notes, the Bank will announce whether it will accept (subject to satisfaction (or waiver) of the New Financing Condition prior to the Settlement Date) tenders of Existing Notes pursuant to the Offer and, if so accepted, the final amount of Existing Notes that the Bank will accept for purchase; and the applicable scaling factor (if any) that will be applied to the Existing Notes accepted for purchase pursuant to the Offer.