Stock Certificates

The Board of Directors of Shenandoah Telecommunications Company declared a three-for-one stock split with a record date of August 2, 2007.

The Dubai office of Clifford Chance LLP has advised Emirates Islamic Bank PJSC ("EIB") and Emirates Bank International PJSC ('EBI') (as guarantor) on the establishment of the USD 1 Billion sukuk trust certificate programme and first drawdown thereunder of USD350 million trust certificates listed on The London Stock Exchange.

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