ANNUAL REPORT 2016

MANAGEMENT DISCUSSION AND ANALYSIS

8.0. INVESTOR RELATIONS

8.1 INVESTOR RELATIONS ACTIVITY IN 2016

Bank Audi’s ordinary shares and GDRs are listed on both the Beirut Stock Exchange and the London Stock Exchange since more than 3 decades now, compelling the Bank to apply high standards of disclosure and transparency. To that end, the investors’ relations activity of Bank Audi Group focuses primarily on providing quick, current, relevant and reliable information to its shareholders, coverage analysts, rating agencies, the investment community, the general society and the media. The Bank endeavours to maintain an active and open dialogue with market players, regarding the status and outlook of Bank Audi Group and the development of its business lines and main subsidiaries in the various countries of presence.

The above encompasses regular financial information reporting, including the annual report, CSR reports, interim reports, press releases, IR presentations, participation to investor conferences and investor site visits. All reports, presentations, announcements and press releases are available on www.bankaudigroup.com and on Bank Audi’s IR App which was launched in 2016 and is available on android and iOS stores.

The prevailing regional political and economic uncertainties, coupled with emerging market sell-off across the MENA region and a transition in investment style from active to passive, all weighed down on the investors relations activity in 2016. The number of MENA equity conferences decreased, driven by travel spending cuts from institutional investors and lower travel cost measures undertaken by the corporate access team of leading international banks organising those conferences.

Bank Audi’s participation in equity conferences in 2016 was limited to 2 conferences, whereby it fulfilled 92 meetings with 33 institutional investment companies, a number of which among its institutional shareholders. This was complemented by a number of conference calls, information exchange and site visits aimed at informing investors on the strategies adopted by Management in the face of the challenging environments in main countries of presence, allowing to manage the underlying risks and sustain the Group’s performance.

The table below illustrates Bank Audi’s participation since 2005 in equity conferences highlighting Management’s commitment to Investor Relations:

PARTICIPATION IN EQUITY CONFERENCES/NON-DEAL ROADSHOWS

PARTICIPATION IN EQUITY CONFERENCES/NON-DEAL ROADSHOWS

8.2. BANK AUDI’S STOCK RESEARCH COVERAGE

Since 2010, several London-based banks and regional financial institutions initiated coverage of Bank Audi’s stock. The table below lists institutions that cover the Bank’s stock at the date of this report:

BANK AUDI’S STOCK COVERAGE

BANK AUDI’S STOCK COVERAGE