Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) - Following the passage of the Law to Raise Funds Through Borrowing by the Kurdistan Region - Iraq, Deutsche Bank and Goldman Sachs International have been mandated by the Kurdistan Regional Government to organize a series of meetings with international fixed-income investors in London, with a view to a potential transaction in the near future.

Safeen Dizayee
Spokesperson
Kurdistan Regional Government – Iraq

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities, nor shall any part of it nor the fact of its distribution form part of, or be relied on, in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding any securities. The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale in the United States. No securities issued by the Kurdistan Region of Iraq may be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Kurdistan Region of Iraq has not registered, and does not intend to register, any securities in the United States and does not intend to conduct a public offering of securities in the United States.

This announcement is directed only at (i) persons in member states of the European Economic Area who are qualified investors within the meaning of Article 2(1)(E) of the Prospectus Directive (2003/7/EC), as amended, (ii) persons who are outside the United Kingdom, (iii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iv) high net worth entities falling within article 49(2)(a) to (d) of the Order, and (v) other persons to whom this announcement may be lawfully communicated without contravention of section 21 of the Financial Services and Markets Act 2000, as amended (all such persons collectively being referred to as “relevant persons”). This announcement may only be acted on or relied on by persons who are relevant persons.