FAQ

• 1. What is a rights issue?

  The Rights Issue is an offer by DPR to its existing shareholders, and to the then Rights holders, to subscribe for New Shares to be issued at an issue price of AED 1.00 per New Share.

  The Rights to be issued to Registered Shareholders are tradable securities making their holders eligible to subscribe for the New Shares. Each Right grants its holder the eligibility to subscribe for one New Share at the Issue Price.

  The New Shares will have the same rights as the existing shares. The existing shares are (and the New Shares will be) indivisible. The existing shares (and the New Shares will) give their holders equal rights in DPR’s assets at the time of liquidation and a share of profits as well as the right to attend general assemblies and vote on any proposed resolutions.

  The New Shares will rank pari passu with the existing shares including the right to all future dividends and other distributions declared, made or paid after the Eligibility Date.

• 2. Who is granted Rights?

  Rights are granted to all Registered Shareholders as at the close of trading on the DFM on 2 May 2016. Shareholders must ensure that their name is reflected in DPR’s share register held by the DFM and that they have an investor number on the DFM in order to receive and exercise their Rights to subscribe for New Shares or trade some or all of their Rights if they do not wish to subscribe for all of the New Shares to which the Rights relate.

• 3. What if I am not a shareholder but I want to subscribe to rights without buying any but be eligible in case not all the rights are subscribed to?

  In order to be an eligible person, you will have to be either:

  • A shareholder at the record date, and use your rights to subscribe for the newly issued shares;
  • Not a shareholder, but bought rights from the market from one or more of the rights selling shareholders.

  If you are not any of the above, you will have to wait until any number of shares are left and offered for public subscription.

• 4. When are the Rights deposited to the accounts of the Registered Shareholders?

  The Rights will be deposited in the clearing account or brokerage account of each Registered Shareholder where his or her Shares are held shortly after the Eligibility Date. The Rights will appear in the accounts of the Registered Shareholders under a new symbol “DUBAIPARKSRI” that designates these Rights.

• 5. How are Registered Shareholders notified of the deposit of Rights in their accounts?

  Registered Shareholders will be notified that the Rights have been deposited into their accounts through an announcement on the website of the DFM. If a Shareholder has not received Rights, but believes that he or she should have received such Rights, they should contact the Clearing and Settlement Department at the DFM on +971 4 305 5555.

• 6. How many Rights will the Registered Shareholder receive?

  Each Registered Shareholder on the Eligibility Date will receive 1 Right for every 3.767 Shares held on such date. Each Right grants its holder the eligibility to subscribe to one New Share at the Issue Price. Entitlements to Rights will be rounded down to the nearest whole number of Rights and Registered Shareholders will not receive a Right in respect of the fraction of any Rights.

• 7. Are the Rights tradable? Will they be added to the Shareholders' accounts under the same name/symbol as DPR's shares, or will they be assigned a new name?

  Yes, the Rights can be traded, but only during the Rights Trading Period, which runs from the opening of trading on the DFM on 4 May 2016 until the close of trading on the DFM on 18 May 2016. Registered Shareholders who do not wish to subscribe for the New Shares at the Issue Price may therefore sell their Rights to other persons (who do not need to be Registered Investors) during the Rights Trading Period. The Rights will be deposited in the clearing account or brokerage account of each Registered Shareholder where his or her Shares are held shortly after the Eligibility Date. The Rights will appear in the accounts of the Registered Shareholders under a new symbol that designates these Rights.

• 8. Is it possible for a Registered Shareholder to sell all or part of the Rights it holds?

  A holder of the Rights may sell all or a part of the Rights through securities brokers registered and licensed by the DFM during the Rights Trading Period. If a holder of the Rights sells a part of its allocation of Rights, the holder may still subscribe for New Shares using the remaining Rights during the Subscription Period. By selling all the Rights, the Registered Shareholder will not be eligible to subscribe for any of the New Shares.

• 9. How much will I be able to receive if I trade my Rights?

  The price of the Right upon commencement of trading will be determined by market supply and demand and cannot be predicted by DPR. In general, the indicative value of a Right reflects the difference between the value of the Shares during the Rights Trading Period and the Issue Price

• 10. Can Registered Shareholders subscribe for additional Shares?

  Registered Shareholders may subscribe for additional Shares if they purchased additional Rights during the Rights Trading Period. In addition, the holders of Rights are entitled to subscribe for Additional New Shares, in excess of the number of Rights they respectively hold, which will be allocated to the holders of Rights who subscribed for Additional New Shares in the event that unsubscribed shares remain after the end of the Subscription Period. These Shares will be allocated on a pro rata basis, scaled back (if necessary) in accordance with the proportion that the number of Additional New Shares requested by the subscriber represents to the total number of Additional New Shares requested by all Eligible Persons who subscribed for such Additional New Shares. There is, therefore, no guarantee that the holders of Rights applying for Additional New Shares will receive the number of Additional New Shares applied for, and no holder of Rights will receive more New Shares than they have subscribed for during the Subscription Period.

• 11. How is subscription done?

  Subscription is accomplished by the submission of a subscription form at a participating branch of the Receiving Bank during the Subscription Period, together with the production of the required documents and the payment in full for the New Shares (including any Additional New Shares they would like to subscribe for) by way of either a dirham-denominated bankers cheque or a bank transfer from a bank account held with the Receiving Bank. Eligible Persons who are also account holders with ENBD may subscribe through the use of any ENBD-operated ATMs and internet banking (provided they are already registered ENBD internet banking users).

  Additionally the DFM will make its official website (www.dfm.ae) available to subscribers to apply for New Shares. Subscribers must hold a NIN and a valid iVESTOR Card, which is activated and provided sufficient funds are held, to submit their electronic subscription via the eIPO platform. Subscribers will also need a Username and Password for DFM eServices (if you are not registered, please register at www.dfm.ae)

• 12. What happens if the New Shares were subscribed, but the Rights were subsequently sold?

  If a holder of Rights subscribes for New Shares during the Subscription Period, but subsequently sells the Rights, without purchasing a number of Rights equal to the number of exercised Rights prior to the end of the Rights Trading Period, that holder of Rights will only be guaranteed a number of New Shares equal to the number of Rights it holds at the time of the allocation of the New Shares. Holders of Rights are entitled to subscribe for Additional New Shares in excess of the number of Rights they respectively hold, but there is no guarantee that the holders of Rights applying for Additional New Shares will receive the number of Additional New Shares applied for. If a holder of Rights sells his or her Rights following the Subscription Period, such holder will not be entitled to receive New Shares.

• 13. Are purchasers of additional Rights entitled to trade them again?

  Yes, purchasers of Rights may sell their Rights and/or purchase other Rights, but only during the Rights Trading Period.

• 14. Can an Eligible Person sell a Right after expiry of the Rights Trading Period?

  No, after the expiry of the Rights Trading Period, the Eligible Person may only choose to exercise the right to subscribe for the New Shares and only until the expiry of the Subscription Period. In the event that this Right is not exercised or is sold prior to the expiry of the Subscription Period, the investor may suffer a loss or a decrease in the value of its investment portfolio.

• 15. What happens to Rights that are unsubscribed at the end of the Subscription Period?

  If you do not wish to subscribe for the New Shares to which you are entitled, you can choose not to exercise your Rights. In such circumstances, the number of New Shares to which you are entitled will be subscribed for by those holders of Rights who have applied for Additional New Shares. You will not be entitled to any compensation in respect of any Rights not used to subscribe for New Shares and your shareholding in DPR will be diluted accordingly.

• 16. Will there be any additional fees for trading in Rights?

  The same commissions that would apply to the sale and purchase of Shares will apply to the sale and purchase of Rights.

• 17. If I buy Shares after the Eligibility Date, will I be eligible to participate in the Rights Issue?

  No, Shares purchased after the Eligibility Date will not carry the right to receive Rights pursuant to the Rights Issue. However, you may still buy Rights from other selling Rights holders during Rights Trading Period.

• 18. If I exercise my Rights, when will my New Shares be admitted to trading

  If you exercise your Rights under the Rights Issue, the New Shares are expected to be admitted to trading on the DFM on or around 7 June 2016, once all related formalities pertaining to their registration and allocation have been completed.

• 19. What should I do if I think my holding of Shares is incorrect

  If you have bought or sold Shares shortly before the Eligibility Date, your transaction may not be entered on the register of members in time to appear on the DFM register as at the close of business of the DFM on the Eligibility Date. If you are concerned that your holding of Shares is incorrect, please contact your DFM broker.

• 20. What if the number of Rights to which I am entitled is not a whole number; am I entitled to fractions of Rights?

  Your entitlement to Rights will be calculated as at the close of trading of the DFM on the Eligibility Date. If the result of this calculation is not a whole number, your entitlement will be rounded down to the nearest whole number of Rights and you will not receive a Right in respect of the fraction of any Rights. The New Shares representing the aggregated fractions not allotted as a result of the rounding exercise will be allocated to those holders of Rights who have subscribed for Additional New Shares.

• 21. Can I mortgage my Rights?

  No, Rights may not be subject to mortgage.

• 22. Can I apply for less than my entitlement under the Rights

  Yes, you can apply for less than your entitlement under the Rights Issue. However, if you do not exercise your Rights to subscribe for New Shares under the Rights Issue (or you exercise fewer Rights than your entitlement under the Rights Issue) your proportionate ownership and voting interests in DPR will be reduced.

• 23. Can I apply for more than my entitlement under the Rights Issue?

  Yes, you can apply for more than your entitlement under the Rights Issue. If you apply for more than your entitlement under the Rights Issue, the allocation of any remaining New Shares to you (after allocations to those holders of Rights who subscribe for a number of New Shares equal to or less than the number of Rights they respectively hold) will be on a pro rata basis, scaled back (if necessary) in accordance with the proportion that the number of Additional New Shares requested by the subscriber represents to the total number of Additional New Shares requested by all Eligible Persons who subscribed for such Additional New Shares. There is, therefore, no guarantee that the holders of Rights applying for Additional New Shares will receive the number of Additional New Shares applied for, and no holder of Rights will receive more New Shares than they have subscribed for during the Subscription Period.

• 24. Will I receive a refund if I do not receive the number of Additional New Shares that I have applied for?

  Yes, you will receive a refund in respect of the number of Additional New Shares that you have not received.

• 25. What if I want to sell the New Shares for which I have paid?

  After the commencement of dealings in the New Shares on the DFM, you will be able to sell your New Shares in the ordinary course.

• 26. Can I change my decision to exercise my Rights?

  Once you have submitted your subscription form at a participating branch of the Receiving Bank or via the other methods stated in question 11 above, you cannot withdraw your application or change the number of New Shares for which you have subscribed.

• 27. What should I do if I live outside the UAE?

  DPR is not taking any action to permit any offering of the New Shares in any jurisdiction outside the UAE.

  Neither the Circular nor any other document relating to the Rights Issue will be distributed in or into or to any jurisdiction outside the UAE. Shareholders as at the Eligibility Date will need to either subscribe through attending a participating branch of the Receiving Bank in the UAE in order to complete a subscription form or, provided they are also account holders with ENBD and registered ENBD internet banking users, subscribing through internet banking.

• 28. Further Assistance

  If you have any other questions, please contact DPR’s investor relations department by calling +971 48200820 or by email at DPR’s designated email address: [email protected]. Please note that, DPR will only be able to provide information contained in the Circular and information relating to DPR’s register of members and will not be able to give advice on the merits of the Rights Issue or to provide financial, tax, legal or investment advice.

  Your attention is drawn to the further terms and conditions of the Rights Issue set out in the “Terms and Conditions of the Rights Issue” section of the Circular.