Drake & Scull International
Buy Back 8 Million Shares

This is in line with Emirates Securities and Commodities Authority regulations which stipulate that no listed company may buy back shares two weeks prior and three days following the announcing of results. Following ESCA’s approval granted in June 2009, the company began a buying campaign to buy back up to 10 per cent of its shares. As of September 15, DSI has bought back over 30 million shares. DSI’s Chief Executive Officer Khaldoun Tabari described the buyback as an investment in the company’s own growth which adds great value to the company, and to its existing and future investors.

· Staff Report