| 19.06.2007 Opalesque Exclusive: Bank Melli Iran launches Cayman based sharia-compliant Iran equity fund |
| Bank Melli Iran Investment Co. (BMIIC) presents the First Persian Equity Fund, a Cayman Islands exempted company with limited liability, offering of up to 300,000 Participating Shares of EUR 1,000 Each. The following are extracted from the Cayman Islands Offering Memorandum & a presentation created by Bank Melli Iran Investment Co. STRUCTURE Bank Melli Iran Group (BMI) will establish a Cayman |