RESOLUTION OF THE POSTPONED EXTRAORDINARY GENERAL ASSEMBLY MEETING OF UNITED INDUSTRIES COMPANY FOR THE FINANCIAL YEAR ENDING 31.12.2007

The postponed Extraordinary General Assembly Meeting of the United Industries Company ‐ KSC‐ Closed, held its meeting on Monday 24th of March 2008 at 10:30 AM in its headquarters in Sharq, Khaled Bin Al-Waleed Street, Al-Shaheed Tower, 17th floor, in the presence of the following:

• Mr. Nasser Al Shammary - Ministry of Commerce and Industry representative
• Mr. Mohammed Al Messad - KSE representative
• Dr. Shuaib Al Shuaib - auditor, Al Bazie & Co.

The Ministry of Commerce and Industry representative announced the completion of the quorum by attendance of representatives holding 133,503,264 shares out of 235,937,500 shares, which equals to 57.06 %. Mr. Essa Al Essa, Vice-Chairman of the Board, opened the meeting. After welcoming the audience, the discussion of the
agenda started and the following has been reviewed, approved and ratified:

1) Approval of the proposal to increase the Company’s paid up capital from KD 23,593,750 to KD 24,773,437.500 by issuance of bonus shares at the rate of 5% of the capital, or 11,796,875 shares, i.e. 5 shares per each 100 shares, in addition to distribution of cash dividends at the rate of 35% (thirty five percent) of the nominal share value, i.e. 35 fils per share, eligible for the shareholders on the company’s records on the date of the General Assembly meeting.

2) Approval of amendment to Article No 6 of the Memorandum of Association and Article No 5 of the Articles of Association as follows:

Present text:
“ The Company’s capital is KD 23,593,750 paid-up on 235,937,500 cash shares at fils 100 each.”

The proposed text :
“ The Company’s capital is KD 24,773,437.500 paid-up on 247,734,375 cash shares at fils 100 each.”

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