From Group CEO, Abdirashid M. Duale

On behalf of Dahabshiill Group, I wish to extend to our valued customers, and to our staff and agents, our congratulations and greetings on the occasion of the successful end of 2010 and start of 2011 and Hijri Calendar Year of 1432.

I am pleased to announce that 2010 was a successful year for Dahabshiil Group. In fact, Dahabshiil enterprises registered a record growth in 2010 while our business continued to expand and diversify in a number of areas in banking and remittances operations. We opened a number of outreach centers and started operations in countries where previously we had little presence.

We also made considerable improvements in our existing Savings Deposit Account and Currency Exchange services. More importantly, we inaugurated Dahabshiil Bank International Bank (DBI) in Djibouti, and launched SOMTEL International services (GSM Operator).

In 2010, DBI managed to successfully establish itself in the banking sector. To further strengthen its operations capacity and enhance services, DBI made substantial investments in a robust integrated core banking system. As a result, the bank will introduce, in 2011, more investment and tailor-made products for customers. DBI will also expand its reach and open satellite branches in a number of cities in the Region.

Other major initiatives planned for 2011 include the launching of a new mobile banking service via SOMTEL that is directly linked to both, the Bank and the Remittance services, through our network of agents, branches and offices across the six continents. Also, we plan to improve our telecommunications business by enhancing the technical capacity of SOMTEL.

Dahabshiil Group will continue supporting meaningful social development initiatives, especially in the education and health sectors, and provide emergency relief whenever possible. In this regard, Dahabshiil is prepared to partner with international and humanitarian organizations to collaborate on aid initiatives in areas of mutual interest.

Lastly, I am pleased to stress that Dahabshiil will continue with its honor-bound tradition of providing safe, timely and efficient services to you, our valued customers, and, in this regard, we welcome, at all times, your suggestions and ideas.

Thank you and best wishes for 2011.

Abdirashid MS Duale