GULF INTERNATIONAL BANK B.S.C.



Re:   Gulf International Bank B.S.C.,
      USD 400,000,000.00
      MATURING: 30-Sep-2015
      ISIN: XS0230799925

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
31-Mar-2008 TO 30-Jun-2008 HAS BEEN FIXED AT 3.396250 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 30-Jun-2008 WILL AMOUNT TO:
USD 858.50 PER USD 100,000.00 DENOMINATION
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