Invitation to the Annual General Assembly & Extra-ordinary General Assembly Meeting

The Board of Directors of Dana Gas PJSC is pleased to invite its esteemed Shareholders to attend the Company's Annual General & Extra-ordinary Assembly Meetings for the Financial Year ended 31 December 2009, which will be convened on Wednesday 14 April 2010 at 11 am, at the Sharjah Chamber of Commerce & Industry. The Agenda of the Meeting is to consider and approve:

Annual General Assembly Meeting:

1-     The Board of Directors’ Report on the Company's activities and financial position for the Financial Year ended 31 December 2009.

2-    The Auditors’ Report for 2009.

3-    The Balance Sheet and Profit & Loss Account as of 31 December 2009.

4-    Recommending distribution of a dividend to shareholders in the form of a 10% bonus shares of the Capital of the Company, and to approve issuance of the shares.

5-    Directors’ Remuneration.

6-    Relieving the Board of Directors and the Auditors from liability for the Financial Year ended 31 December 2009.

7-    Appointment of the Auditors for the Financial Year 2010 and determination of their fees.

In the event the required quorum for the Annual General Assembly Meeting is not procured on 14 April 2010, the Meeting will be adjourned to Wednesday 21 April 2010 and will be convened at the same time and place as stipulated above. The second meeting shall be considered quorate and validly held by any number of Shareholders present.

Extra-ordinary General Assembly Meeting:

1.     To approve the amendments of the Articles of Association of the Company posted at the Company’s website www.danagas.ae after obtaining approval of Securities & Commodities Authority.

In the event the required quorum (75%) for the Extra-ordinary General Assembly Meeting is not procured at the first call on Wednesday 14 April 2010, the Meeting will be adjourned to Wednesday 21 April 2010, and in the event the required quorum (50%) is not achieved on
21 April 2010, the meeting shall be held on Monday 24 May 2010 and will be quorate and validly held by any number of Shareholders present.

Shareholders are kindly requested to show proof of identity. Any Shareholder may appoint a proxy (other than a Member of the Board of Directors) to represent him/her/them at the AGM and EGM (as per the form available on the Company’s website). In all cases the total number of shares held by a proxy of more than one Shareholder shall not exceed 5% of the Company’s Share Capital.

The registered owner of the share on the working day preceding the General Assembly’s meeting has the right to vote in the General Assembly.

The person that has the right to the dividend approved by the General Assembly is the registered owner of the share on the tenth day from the day following the date of the General Assembly meeting.