Damas International Limited (Damas) requested and obtained a voluntary suspension from trading on NASDAQ Dubai, on Sunday 11 October 2009 at 10.03am Dubai time, pending an announcement.

Damas stated: "Damas International Limited requests suspension of trading pending further announcement."

Damas made a public announcement on Monday 12 October at 7.19pm Dubai time. For full details of that announcement see - w, which informed the market of the circumstances.

Damas has its equity shares listed on NASDAQ Dubai since Tuesday 8 July 2008. The most recent Annual Report for Damas including annual financial statements relating to the period ending 31 March 2009 was published in July 2009.

The DFSA has been closely monitoring the situation and trading in the market. It has been proactive in ensuring that it discharges its role to maintain the integrity of the market.