Bupa Arabia for Cooperative Insurance company announces its interim financial results for the period ending 31/03/2009 as follows:

1) Net profit for the first quarter amounted to SR 1.8 million.
2) There is no surplus / deficit from insurance operations reported during the period due to the portfolio acquisition not being complete.
3) There are no written premiums reported during the period due to the portfolio acquisition not being complete.
4) There are no claims costs incurred reported during the period due to the portfolio acquisition not being complete
5) There is no Policyholder Investment Income reported during the period due to the portfolio acquisition not being complete, Shareholders Investment Income for the first quarter amounted to SR 2.5 million. There is no prior period comparison.
6) Profit per share for the first quarter amounted to SR 0.044 There is no prior period comparison
7) There is no prior period comparison because the company was not trading in Q1 2008. There are no operational revenues reported during the period because the company is in the process of acquiring the insurance portfolio of Bupa Middle East Limited E.C. (subject to obtaining the required relevant regulatory approvals).
8) The Auditors report states that the company prepared its Financial Statements according to International Financial Reporting Standards (IFRS) and were not prepared in accordance with the Saudi accounting standards of SOCPA. The company confirms that there are no material or financial impacts on the financial statements due to following IFRS rather than SOCPA.