The National Investor Voted "Best Investment House in the UAE" Abu Dhabi, UAE, December 25, 2006: The National Investor (TNI), the region’s leading investment banking firm, was awarded the prize for “Best Investment House in the UAE” in Real Estate at the IREF ME 2006 Gala Awards Dinner. The Islamic Conference Group (ICG) announced the winners of the 2006 Islamic Real Estate Finance (IREF) ME Awards for Excellence in Real Estate at a gala dinner held at Burj Al Arab in Dubai, UAE on the 21st of December, 2006.

Mr. Orhan Osmansoy, TNI CEO, said: “We are proud to have won such a prestigious award. This award highlights the accomplishments that TNI has achieved in Real Estate.” It was only in February of 2005 that TNI made the strategic decision to establish a dedicated Real Estate Division that would give it the ability to access advisory and investment opportunities in a burgeoning real estate market across the region.

According to Mr. Emile Habib, Managing Director, TNI Real Estate, “this division cuts across our entire business to provide real estate-specific solutions in investment banking, asset management and specialized real estate development. The decision has proved to be insightful and profitable.” TNI is the only investment banking firm in the UAE with a team that specializes in real estate. In 2005/06, it launched a series of real estate funds, such as the Emirates Real Estate Fund, a Shari’a compliant investment fund which was the first of its kind to be launched in the UAE.

TNI has over a decade of award-winning performance and proven expertise in the spheres of investment banking, private equity, real estate and asset management. For its impressive track record in direct private equity investments spanning the last decade, it received in May 2005 the award for “Best Institution for Private Equity” from Banker Middle East. A month later, TNI was awarded “Best Equities House in the UAE” by Euromoney magazine for its success in consolidating its position as the leading arranger of UAE IPOs. And in May 2006, it earned a place on the map of regional asset management activity, as witnessed by its award of "Best Asset Management House" by Banker Middle East.

About The National Investor: The National Investor (TNI) is a privately owned regional investment and merchant banking group. The firm comprises seven strategic business units covering investment and merchant banking, private equity, asset management, real estate, investment research, principal investments and client advisory. In addition, the firm has an associate company, GNSC, which provides brokerage services as a registered member of the Abu Dhabi Securities Market (ADSM) and the Dubai Financial Market (DFM).

The National Investor signs financial advisory and capital raising mandates with Boulder Steel

Abu Dhabi, UAE, 20th September, 2006: Abu Dhabi-based investment firm The National Investor (TNI) has signed financial advisory and capital raising mandates with Boulder Steel Limited, an international tubular steel company based in Australia, to act as its exclusive financial advisor, lead manager, lead arranger and book runner.

TNI will seek to raise US$ 600 million of debt and equity, pending finalisation of a bankable feasibility study, for a state-of-the-art steel mill and seamless tube plant in Queensland, Australia to produce seamless tubes primarily for use in the oil and gas industries. A newly established UAE-based subsidiary of Boulder Steel will undertake the seamless tube project which consists of a steel mill and finishing line in Queensland that will produce, respectively, up to 350,000 and 175,000 tonnes per annum, and a finishing line in the UAE that will produce up to 175,000 tonnes per annum.

Of the US$ 600 million debt and equity, Boulder Steel expects to raise approximately US$ 150 million through a secondary offering of its shares on the Dubai International Financial Exchange (DIFX).

Some Middle Eastern investors have indicated a desire to invest in the equity of the subsidiary directly as minority shareholders. If this occurs, the amount that Boulder Steel raises through a secondary offering on the DIFX would be reduced accordingly.

In addition, TNI is expected to raise US$15 million through an equity private placement to fund the expansion of Boulder Steel's 50% owned Euro Forming Services business. TNI already has identified potential investors and due diligence is expected to commence shortly.

Peter Wallner, Chairman and Managing Director of Boulder Steel, commented: "We are very grateful for the assistance and support of Mr. Abdul Rahman Falaknaz, our Dubai-based director, and those who are arranging our financing for their work in preparing, negotiating and finalising the contractual arrangements with TNI.

“We are excited to commence these fundraising initiatives and to move forward in the execution of Boulder Steel's long-term strategy for developing its seamless steel tube businesses."

It is anticipated that the equity raising will be completed within approximately five months. This time frame includes and is subject to calling a general meeting of the shareholders of Boulder Steel to approve the transaction, completion of the bankable feasibility study, a review by the Australian Foreign Investment Review Board and the necessary regulatory approvals of the Dubai Financial Services Authority for the DIFX listing.

About The National Investor

The National Investor (TNI) is a leading regional investment and merchant banking firm with a distinguished track record in investment banking, private equity, real estate and asset management. The firm is a Private Joint Stock Company headquartered in Abu Dhabi and is the leading arranger of public share offerings in the UAE and the GCC.

TNI is the first UAE based investment firm to be awarded a license to operate in the Dubai International Financial Exchange (DIFX). The firm was ranked as the leading equity house in the UAE by Euromoney magazine in 2006 and 2005. Further information on TNI can be obtained from its website www.tni.ae.

About Boulder Steel Limited

Boulder Steel is an international tubular steel company, whose current major asset comprises a cash-flow producing forging company (EFS) that processes tubular steel products, largely for the automotive industry. The Company is in the process of raising funds for a state-of-the-art steel mill and seamless tube plant in Queensland, Australia to produce seamless tubes primarily for use in the oil and gas industries.

In addition, Boulder Steel is exploring expansion opportunities in the UAE), including the evaluation of a UAE location to build a steel finishing plant.

The Company is headquartered in Australia and the stock trades on the Australian Stock Exchange ("BGD"), the Frankfurt Stock Exchange ("WKN 871 708") and the OTC Bulletin Board ("BLSTY.PK"). To learn more about Boulder, visit the Company's web site www.bouldersteel.com.au

For further press information please contact
Tony Lewis / Noha Hefny
Total Communications
Tel: + 971 4 336 9909 Fax: + 971 4 336 9905
Email: tony@totalcompr.ae / noha@totalcompr.ae

Abu Dhabi, 7 June 2006: Shareholders of The National Investor (TNI), the region's leading investment banking firm gathered for the firm's Annual General Meeting yesterday evening at Le Royal Meridien hotel in Abu Dhabi. Business conducted included the approval of a cash dividend distribution of five percent of the par value of outstanding shares (fifty fils per share) and a ten percent bonus share dividend, which will result in the issuance of five million additional shares.

Mr. Abdullah Mazrui, the Chairman of the Board of Directors, praised the firm's unprecedented success in achieving profits of AED 113 million, representing a 42% increase over the prior year. "I am gratified to report that TNI's results for the year ended March 31, 2006, exceeding even the high expectations of the Board, will validate our shareholders' expectations and set the stage for a successful future." Revenues for the year were up 74% over the prior year to set a new record of AED 195 million. Mr. Mazrui also expressed his appreciation for the ruling family and their continuous support for the UAE economy, and investment companies in particular.

Mr. Orhan Osmansoy, Chief Executive Officer, provided details about the superior results of each of the firm's divisions and offered a glimpse of expected future successes.

Revenues from investment banking activities were AED 59.6 million, representing an increase of 214% over the prior year. The firm built upon its position as the leader in initial public offerings (IPOs) in the UAE and the GCC and participated in some of the year's record-breaking IPOs, including those of Aabar (which was oversubscribed 808 times), Tamweel, the first operating LLC to go public in the UAE and Kingdom Hotel Investments, the second ever listing on the DIFX. Mr. Osmansoy highlighted the firm's bright future in this area, "our investment banking team has a rich pipeline of regional and international IPO and M&A mandates."

In June, 2005 TNI received the Euromoney award for "Best Equities House in the UAE." The firm has been nominated for the same this year, and is hopeful to be the first to win it two years in a row.

The firm's private equity division had revenues of AED 26.7 million. In addition to managing its own resources, TNI has launched a third-party private equity fund, the TNI Growth Capital Fund, L.P. The fund is designed to provide superior risk-adjusted returns by targeting late-stage growth capital investments in the GCC, North Africa and the Asian sub-continent.

TNI is the only investment banking firm in the UAE with a specialized, fully dedicated real estate team offering comprehensive solutions in investment banking, asset management, development and international investing. In its first full year of operations, this division has contributed significantly to the firm's bottom line. Having managed two successful public placements and three advisory mandates during the year ended March 31, 2006, the division also manages three real estate funds and will launch another in the near future.

This past year was also the first full year of operations for the firm's asset management division, which contributed over AED 24 million to its revenues. Three funds were launched, each of which are considered among the best performers of their respective classes. Mr. Osmansoy commented on the division's success, "in a relatively short time, we have consolidated our reputation and have earned a place on the map of regional asset management activity, as witnessed by our award in May 2006 of "Best Asset Management House" by Banker Middle East. Over the coming months we will leverage the firm's strong track record as an investment manager to broaden our fund offering around various asset classes, investment styles and risk profiles." Revenues from TNI's proprietary investment portfolio were AED 54 million for the period. The firm is achieving its goal of diversifying revenues and improving the quality of earnings. Mr. Osmansoy pointed out that as recently as two years ago, the firm relied on activity from its proprietary portfolio to contribute over 90% of total revenues. For the fiscal year ended March 31, 2006, 73% of the firm's revenues are generated from its managed businesses.

Another first for the firm was the establishment of a dedicated research department. Expected to be fully operational within the next few months, the research department reflects the firm's belief in and commitment to fundamental analysis and equity research as a key factor to success in capital markets.

Also on the agenda for the meeting was the Board's proposal to appoint Mr. Abdulla Nasser Bin Hawaileel Al Mansouri as a Director. The motion passed overwhelmingly and Mr. Al Mansouri will begin his tenure effective immediately. An investor in TNI for over five years, Mr. Mansouri is currently one of TNI's largest shareholders. His holdings in the firm represent his personal belief in TNI and its future success.

-Ends-

About The National Investor:

The National Investor (TNI) is a leading regional investment and merchant banking firm with a distinguished track record in investment banking, private equity, real estate and asset management. The firm is a Private Joint Stock Company headquartered in Abu Dhabi and is the leading arranger of public share offerings in the UAE and the GCC.

The National Investor's net profit
jumps 42% to AED 113. 1 Million

Abu Dhabi based The National Investor (TNI), the region's leading investment banking firm, reported yesterday an increase in consolidated revenues of 74% to AED 195.5 Million for the fiscal year ended March 31, 2006.

Net Profits reached AED 113.1 Million, representing an increase of 42% over the corresponding period for the previous year. A 10% cash dividend will be distributed to shareholders as proposed by the Board of Directors. This resolution will be voted upon by the shareholders at the AGM on June, 6, 2006.

Complete information including Chairman and CEO's comments will be released immediately after the AGM

Dubai, April 16, 2006: After a very successful IPO which was oversubscribed 485 times, Tamweel - Dubai's leading provider of innovative home finance products and services - has announced that it has already returned the entire surplus subscription amount. Tamweel PJSC under incorporation and TNI, the lead manager and book runner for the IPO, had already instructed the banks to refund the surplus subscription amount by the promised due date of March 28. The company official said that by March 29, more than 98 per cent of the oversubscribed amount had already been dispatched.

Company official further added, "We strongly believe in keeping our commitment to our investors and hence most of our investors received their refunds on time. However the problem with delay in receiving refund cheques has occurred due to errors with receiving banks, which constitute less than 2% of the total subscribers. Tamweel and TNI have been working closely with banks in order to solve subscribers delay and dispatch investors refund cheque on time.

Yesterday many of these pending refund cheques with banks have reached the investors mail. Tamweel has urged the investors to communicate with their banks for their cheques, as the float amount will not be received by Tamweel except after the first Assembly General Meeting scheduled for 22nd of April, 2006 in the Royal Mirage.

-Ends-

About Tamweel

Tamweel, recently moved to a PJSC structure (under incorporation) with overwhelming subscription of 485 times. Tamweel have over 235 partners and focused to be the leader in home financing regionally, with currently offices in Dubai and Sharjah.

Receiving Banks to start refunding excess funds on March 29.

Abu Dhabi, March 28, 2006: The National Investor (TNI), Financial Advisor, Lead Manager and Book Runner for the IPO of Tamweel PJSC, announced today that it successfully finalized the allotment of shares in the 550 million dirham ($149.7 million) Tamweel IPO and that receiving banks will begin refunding excess funds to subscribers starting March 29 as promised. Tamweel PJSC is the first ever conversion in the UAE of a company from an LLC status to a public company.

The initial public offering of Tamweel attracted over 140 thousand investors with total subscriptions exceeding 266.6 billion dirhams, leading to 484 times oversubscription.

Successful UAE individual subscribers (Tranche I subscribers) will receive an allocation of 1,184 shares, in addition the allocation from Tranche II if their subscription is in excess of 20,000 shares.

Tranche II, which is dedicated to UAE individuals that subscribed in excess of 20,000 shares or companies, raised AED 233 Billion and was 783 times over-subscribed.

In addition, Tranche III dedicated to Non-UAE subscribers, both individuals or companies, raised AED 26.2 Billion and was 228 times over-subscribed. The participation of UAE nationals in the Tamweel IPO was overwhelming as compared to non-UAE nationals. Tamweel would like to thank all subscribers for their trust in the company.

All successful subscribers will receive their allotment notices either through the mail or by personally picking up their allotment notices at the receiving banks where they submitted their subscriptions. Subscribers are requested to contact their receiving banks to find out which method of delivery will be used. Each allotment notice will include a refund cheque, an invitation to the constitutional general assembly, and a proxy form. The IPO of Tamweel opened on February 27 2006 and closed on March 8, 2005. The shares on offer represent 55 per cent of the firm's capital. Tamweel PJSC was the first IPO for 2006 and will be listed on the Dubai Financial Market.

Abu Dhabi, March 14, 2006: The initial public offering of shares in Tamweel has raised AED 275 Billion, according to initial data from The National Investor, financial advisor, sole lead manager and book runner of the IPO. TNI's estimates show that the IPO has been oversubscribed by almost 500 times with more than 140,000 subscribers submitting applications for shares.

Commenting on the results of the offering, a senior spokesperson at TNI pointed to the unique allocation policy that allowed both small and large investors to participate equitably in the IPO: "The response from investors has been overwhelming and we would like to thank them for showing strong interest and faith in Tamweel. We have plans to list Tamweel on the Dubai Financial Market in an expedient fashion, as soon as we have incorporated the Company".

The Tamweel IPO sought to raise AED550 million - representing 55% of Tamweel's capital - through shares offered to UAE nationals, UAE companies, GCC nationals, and expatriates residing in the UAE for at least 6 months. Shares were on offer at a nominal value of AED 1, with an additional 2 fils as subscription fees per share.

Explaining the allocation of shares, a senior official at TNI explained: "A unique allocation policy was created to offer the shares in three tranches. The first tranche - a maximum 137,500,000 shares - will be allocated equally among UAE National subscribers with a maximum allotment of 20,000 shares per subscriber. The second tranche which is capped at 297,521,000 shares will be distributed to UAE Nationals and UAE based institutions. The third tranche will allocate 114,979,000 shares for both expatriate investors residing in the UAE for at least six months, GCC nationals as well as Non-UAE institutions."

Allocation of shares for the second and third tranche will be made on a pro rata basis. Refunds for the issue will also be made on March the 29th. Following this it is anticipated that Tamweel will call for a shareholders meeting to take place within 30 days from the refund date. With profits of AED62 million upto 2005, Tamweel expects to continue to benefit from boom in the real estate sector and is planning a regional expansion strategy.

-Ends-

Notes to Editors:
About the National Investor:
The National Investor is a leading UAE investment and advisory firm with a distinguished track record in investment banking, private equity, real estate and asset management. The Company is backed by over 120 UAE shareholders who come from the highest echelons of the business and political community. TNI is actively involved in investment banking, private equity, and asset management and is currently ranked as the leading arranger of public share offerings, having lead managed the largest number of public offerings in the UAE to date. For more information, please visit www.tni.ae

Issued on behalf of The National Investor by Hill & Knowlton.

Abu Dhabi, March 7, 2006: The National Investor (TNI), lead manager and book runner for Tamweel IPO announced today that the public subscription for shares in Tamweel will be closing today (March 8), with allocation taking place in 21 days. The IPO for Tamweel, opened on February 27 2006, represents 55 per cent of the firm's capital and was the first IPO in the UAE this year.

According to a senior source at The National Investor the response has been extremely positive since the subscription opened. "The IPO has been very successful owing to Tamweel's excellent growth potential and the unique allocation policy that allowed both small and large investors to participate equitably in the IPO."

With 550 million dirham ($149.7 million) worth of shares allocated in the initial public offering, Tamweel IPO featured a three-tranche allocation policy with 137.5m shares allocated equally among UAE National subscribers, with a maximum allotment of 20,000 shares per subscriber; 297.5m shares allocated for UAE nationals and UAE institutions, allocated on a pro-rata basis; and 115m shares for both expatriate investors residing in the UAE for at least six months as well as GCC nationals, also allocated on a pro-rata basis. The shares were sold at a nominal value of AED 1, with an additional 2 fils per share as subscription fees.

Following the closure of the subscription period, TNI will begin the allocation process and investors will be informed if their application has been successful and of the number of shares they were allocated. Funds will be returned to subscribers and company will then list on the Dubai Financial Market.

Tamweel's IPO is being lead managed by The National Investor (TNI), the leading IPO manager and book runner in the UAE with a remarkable track record in leading the largest number of IPO's in the country, both in terms of amount raised and over subscription rates. Applicants can pick up subscription forms from one of the offering's receiving banks - Union National Bank (lead receiving bank), Dubai Islamic Bank, Abu Dhabi Islamic Bank, Union National Bank, Abu Dhabi Commercial Bank, Emirates Islamic Bank and Mashreqbank.

-Ends-

Notes to Editors:
About the National Investor:
The National Investor is a leading UAE investment and advisory firm with a distinguished track record in investment banking, private equity, real estate and asset management. The Company is backed by over 120 UAE shareholders who come from the highest echelons of the business and political community. TNI is actively involved in investment banking, private equity, and asset management and is currently ranked as the leading arranger of public share offerings, having lead managed the largest number of public offerings in the UAE to date. For more information, please visit www.tni.ae

Issued on behalf of The National Investor by Hill & Knowlton.

11 February 2006

DEPA United Group eyes a global top 20 rank by year-end Dubai - Institutional and individual investors have joined hands to set up a regional contracting interior giant to tap a thriving industry home and abroad.

The Dubai-based DEPA United Group (DUG) PrJSC has raised a total capital of Dh475m from selected investment houses and high-net-worth individual investors.

The first general assembly and board meeting of the new company was held Wednesday 8 February at Al Bustan Rotana Hotel in Dubai.

"The very well received offering was oversubscribed and we are happy with such a warm response," said Mr. Abdulla Al Mazroui, Chairman, DUG. The National Investor was the financial advisor and lead manager for the offering which attracted some major stake holders including Emaar Industrial and Investment Co., Al Futtaim Capital and Global Investment House as well as many other blue-chip investors from UAE, Saudi Arabia and other GCC countries.

"DUG is the largest interior contractor in the Middle East, North Africa and South East Asia cashing in on the positive economic growth backed by higher oil prices and rising public spending", says Mr. Marwan Shehadeh, Managing Director, Al Futtaim Capital in Dubai, UAE. "The construction boom in this region as well, plus growing demand for hotel rooms boosted by inbound traffic are sound fundamentals for our growth projections."

Driven by huge demand on interior work solutions in the region, DUG plans to earn Dh800m in revenues by year-end which places it at top 20 specialist contractors globally.

Recent reports indicated that construction investments in the GCC alone could exceed US$300bn by 2015.

In addition to the core activities, DUG's growth strategy focuses on a matrix of acquisitions and business alliances during 2006.

"The strategy of Depa United Group is to expand vertically and by backward integration through acquisitions or partnerships capturing a large part of the value chain. Additionally, we will look at horizontal expansion by introducing new interior services," explains Mr. Mohannad Sweid, CEO, DUG. According to Mr. Sweid, DUG plans to set up and acquire over 20 new companies this year, adding that the construction boom in the region lays down for the industry a solid base to achieve sustained growth.

On DUG's acquisition radar screen is Depa Interiors with its subsidiaries Mivan Depa, Pino Meroni Yacht Interiors, El Diar and Deco. "This acquisition will give DUG immediate access to regional and global markets from Morocco on the Atlantic to China" says Ms. Maha Al Ghanem, CEO, Global Investment House Co. of Kuwait.

"Our acquisition strategy would help DUG leverage its value proposition as the foremost interior player in the region with a prestigious and flying- colours track record," noted Mr. Orhan Osmansoy CEO of The National Investor Abu Dhabi.

-Ends-

NOTE TO EDITOR

DEPA is an Interior Contracting company specializing in full scope fit-out and furnishing of five star luxury hotels and facilities. DEPA's main office is in Dubai with branches in Abu Dhabi, Doha, Cairo, Casablanca, Khartoum, Jeddah, Milan and Shanghai, Our site offices are in various cities of the Middle East & North Africa. Our network allows our clients to benefit from the knowledge, organizational ability, purchasing power and facilities it provides.

Some of DEPA's references in UAE are: Burj Al Arab, Emirates Palace Hotel, Jumeirah Beach Hotel, Ritz Carlton, Grand Hyatt, Rotana, Fairmont, Sheraton and Hilton. In Egypt: Four Seasons Sharm, Four Seasons Nile Plaza, Four Seasons San Stefano, J.W. Marriott Cairo, Sheraton Alexandria, Hilton Luxor, and Crown Plaza Sharm. In other areas: Four Seasons Doha, Sheraton Bahrain, Grand Hyatt Muscat, Sheraton Amman, Le Royal Amman, Hyatt Casablanca, Radisson SAS Cannes, Ledra Marriott Athens, Radisson Parkway Orlando, Hilton Osaka among others. After three decades of prestigious Interiors accomplishments DEPA continues to present magnificent achievements in turnkey interiors of luxury Hotels and Yachts, and has developed professional customized services for financing and products leasing that allow clients to benefit from extended financial facilities.

Abu Dhabi, February 5, 2006: The National Investor (TNI), one of the leading regional investment and merchant banking firms, today announced the appointment of Amer Halawi as its Head of Research.

Mr. Halawi brings to the role more than nine years experience in European equity markets. As Head of Research, he will be responsible for expanding and managing the research team, with the stated objective of delivering value-added investment advice on regionally listed companies. He will be based in Abu Dhabi and will report to Mr. Orhan Osmansoy, Chief Executive Officer of TNI.

Commenting on the appointment, Mr. Orhan Osmansoy, TNI's Chief Executive Officer, said: "Amer brings a great depth of experience to our already strong team. His appointment represents an important further step in attaining our ambition of becoming a leading regional banking firm. His banking experience and industry knowledge will make a great contribution to TNI. "

Prior to joining TNI, Mr. Halawi worked at Goldman Sachs from 2000 to 2004, his most recent role being Executive Director on the Pan-European Sales desk. In this capacity, he was covering French institutional clients out of the Paris office, and participated in the firm's global push to distribute derivative products to traditional Equity investors.

Prior to that Mr. Halawi spearheaded Goldman Sachs' Global Products' distribution strategy to French institutional investors, first out of London and then out of Paris, where he moved to set up the French Global Products desk.

Mr. Halawi started his career in 1995 as Equity research analyst, and worked for three leading European banks in this function. He progressively specialized in the French Capital Goods industry. In 2000, he was ranked as one of the Top 10 European analysts in his sector in the annual Reuters survey.

In addition to his professional experiences, Mr. Halawi has also served as a guest lecturer to graduating finance students at the Ecole Superieure de Commerce to Paris (ESCP).

Mr. Halawi holds a Bachelor of Commerce degree from McGill University and a Masters in Management from the ESCP with a major in Finance. -Ends-

About the National Investor:

The National Investor is a leading UAE investment and advisory firm with a distinguished track record in investment banking, private equity, real estate and asset management. The Company is backed by over 80 UAE shareholders who come from the highest echelons of the business and political community. TNI is actively involved in investment banking, private equity, and asset management and is currently ranked as the leading arranger of public share offerings, having lead managed the largest number of public offerings in the UAE to date. For more information, please visit www.tni.ae