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Disclosures

Board of Directors resolutions' disclosure 30 Oct 2018

Phoenix Power Company SAOG (the "Company") advises the Capital Market Authority, the Muscat Securities Market and the investors' community that it has resolved the following at the meeting of the Board of Directors held on 30 October

2018:

1.  Approval of the unaudited quarterly financial statements for the 9-month period ended 30 September 2018 together with the Board of Directors' Report.