Article 3: The system mentioned in Article 2 above is based on obligations to be met by reporting Institutions, as defined hereinafter:

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1 INSTRUCTIONS 2011

2 INSTRUCTION OF MARCH 9 TH, 2011 SETTING TERMS OF APPLICATION OF REGULATION OF JANUARY 20 TH, 2008 RELATING TO THE SYSTEM FOR PREVENTION AND FIGHT AGAINST THE ISSUE OF DUD CHEQUES Article 1: According to Article 1 of Regulation of January 20 th, 2008 relating to system for prevention and fight against issue of dud cheques, Banks, Treasury and financial services of Algérie Poste, hereinafter referred to as Reporting Institutions, shall contribute to the system for prevention and fight against issue of dud cheques. Article 2: Pursuant to Article 15 of the regulation mentioned above, the object of this Instruction is to set a system for information centralization relating to cheques delinquency for lack of insufficient funds and their diffusion with Reporting Institutions for consultation and operation, notably at the issue of the first cheque book to its client. Article 3: The system mentioned in Article 2 above is based on obligations to be met by reporting Institutions, as defined hereinafter: when opening an account and before the issue of the first cheque book; on the occurrence of delinquency for lack or insufficient funds; at the diffusion of the updated list of cheque books suspension by the Overdues Department. IDENTIFICATION OF CHEQUE ACCOUNTS HOLDERS Article 4: Upon the application for opening current accounts or cheque ones, Reporting Institutions shall be compelled to check and record the identity and address of the natural person or legal entity so concerned. Article 5: The identification of natural person shall be carried out upon presentation of valid official documents mentioned hereinafter, the characteristics and references of which shall be recorded: - National Identity Card for natural persons of Algerian nationality, - Residence permit for foreign natural persons residing in Algeria.

3 When the account is opened in the name of several persons (collective account) the Reporting Institution shall be compelled to claim the identification and the address of each account s co-holders. Article 6: The identification of legal entities shall be carried out by providing the following documents and information: - The status from which common identification elements shall be picked up; - Denomination or corporate name, legal form, address of the head office and principal activity, date of creation; - Registration number in the Trade Register; - Registration number in the National Office of Statistics (O.N.S/NIS) and the taxation number from the Taxation Department (TN/ NIF) if they are already known as new applicants; otherwise, the latter shall be compelled to send them to the Reporting Institution as soon as they obtain them. CONSULTATIONS Article 7: Pursuant to Article 3 of Regulation mentioned above, Reporting Institutions shall, before delivering the first cheque book to client, check the cheque book suspensions file of the Overdue Department of the Bank of Algeria. Such compulsory consultation intended to provide Reporting Institution with information on any person suspended to issue cheques and on the expiry date of the measure taken against such. Article 8: In case of a collective account, the obligation of a prior consultation set forth hereinbefore, shall concern each co-holder of the collective account. If one of the co-holders is subject to a cheque book suspension, the Reporting Institution shall refrain from issuing such a cheque book. Article 9: The consultation of cheques suspension file of the Bank of Algeria by drawee institutions shall be carried out on line. In case of a collective account, settlement injunction shall be sent to each co-holder.

4 DECLARATIONS Article 10: Reporting Institutions shall declare to the Bank of Algeria: - any delinquency for lack or insufficient funds, within the four (4) business days after the date of submission of the cheque whatever the form of presentation to settlement, each delinquency shall be subject to separate declaration; - any settlement of delinquency as defined in Articles 14 and 21 of this Instruction, without delay; - any suspension to issue cheques, as defined in Articles 29 and 30 of this Instruction. Article 11: Declarations relating to cheques delinquency mentioned in Article 10 above, dully checked and approved by the Reporting Institutions, shall be subject to central remittances to the Bank of Algeria within the required statutory deadlines, on a workable magnetic media and/or on line. Article 12: The refusal of cheques for withdrawal presented to encashment by the accounts holders or their agent shall not result in a declaration. Article 13: In case a misstatement, Reporting Institutions may introduce a corrective declaration or of cancellation consisting in an application for amendment or cancellation of a delinquency registration or a cheque book suspension reported by mistake. To be eligible, any application for cancelling declaration shall be signed by the first responsible for the drawee Institution. Within (15) fifteen days after receiving the application for cancellation, the Bank of Algeria shall notify the drawee Institution of said cancellation and notify other Reporting Institutions, where appropriate, of the cancellation of cheque book suspension.

5 INJUNCTION SETTING AND SUSPENDING ISSUING CHEQUES Settlement within the statutory deadline Article 14: As soon as the first cheque delinquency occurs, for lack or insufficient funds duly recorded, the drawee Institution shall send to the cheque issuer, by a registered letter with an acknowledged receipt, the (4 th ) forth business day after the cheque presentation date at the latest, an injunction letter the model of which is contained in appendix 1 of Regulation No mentioned above requesting the delinquency settlement. The drawee Institution shall inform the account holder through such injunction: of the necessity to settle the delinquency within (10) ten days as from the mailing date of the injunction letter, of the declaration to the Overdue Department of the Bank of Algeria of the delinquency, of the remittance or a non-payment certificate to the beneficiary or the Institution presenting the cheque. In case of a collective account, injunction for settlement shall be sent to each co-holder. Article 15: Settlements mentioned in Article 14 above shall be the faculty given to the dud cheque drawer to settle the amount of the unpaid cheque. It considered acquired at the time of effective settlement of cheque (s) through a sufficient and available funds constituted for this purpose by the drawer with the drawee. Such faculty shall intend to postpone the application of the cheque book suspension mentioned in Article 29 hereinafter, for any unpaid cheque made on account during the deadline mentioned in Article 14 above, provided that it shall be settled before the expiry of such deadline. Article 16: The settlement faculty mentioned in Article 15 above shall be granted to the account holder only if, during (12) twelve days before the delinquency, such has not issued dud cheques.

6 Article 17: If several delinquencies occur on the same date on a same account, settlement injunction shall intend all the delinquencies recorded and shall be sent within the same conditions as those defined in Article 15 above to the account holder and to each co-holder when it concerns a collective account. Article 18: Settlement injunction shall be sent to the account holder, even if the account on which a dud cheque has been drawn shall be closed. Article 19: When the account is blocked for unavailability of balance bound to garnishment or to an administrative opposition, the Reporting Institution shall send an injunction letter if the account balance is less than the amount of the issued cheque. Settlement in the second statutory deadline with liberating penalty Article 20: Failing settling the delinquency within the conditions set in Article 14 above, the drawee shall: - pronounce against the account holder suspension to issue cheques for (5) five years as from the injunction date; - send an injunction letter to the account holder to settle the delinquency by constituting sufficient and available funds and paying the liberating penalty provided for in the Commercial Code, within(20) twenty days as from the expiry of the first statutory deadline; - inform, if appropriate, the account holder agent(s). Article 21: Within (20) twenty days after the expiry of the (10) ten days injunction deadline, the dud cheque issuer may proceed to settle the delinquency by constituting sufficient and available funds with the drawee as well as paying a liberating penalty in favour of Treasury in order to recover the possibility to issue cheques. Article 22: Failing settling the delinquency within the accrued deadlines provided for Articles 14 and 21 above, the cheque suspension shall only recover the possibility to issue cheques at the expiry of (5) five years suspension deadline. Article 23: In case the account holder has several accounts at the same Reporting Institution, the settlement procedure shall occur account by account. However, the non settlement of the delinquency affecting one of the accounts shall automatically result in the application of cheque issue suspension on all the other individual accounts of the client so concerned.

7 A second offence Article 24: In the event of a second offence within the (12) twelve months after the first delinquency resulting in a settlement within the conditions set in Articles 14 and 21 above, the drawee Institution shall: pronounce without deadline a (5) five years cheque book suspension against the cheque issuer; notify the cheque holder by the obligation to settle the delinquency by constituting sufficient and available funds as well as paying the penalty provided for by the Commercial Code in favour of Treasury. In this case, the penalty amount payable by the unpaid cheque issuer shall be doubled, according to Article 526 bis 5 of the Commercial Code. PROSECUTIONS Article 25: Failing settling delinquency within the accrued deadline provided for Articles 14 and 21 above or of a second delinquency recorded within the (12) twelve months after the first settled delinquency (case of second offence as defined in Article 24 aforesaid), prosecutions shall be undertaken against the unpaid cheque issuer according to the provisions of the Criminal Code. Article 26: Protests relating to the suspension to the issue cheques and to liberating penalties shall be deferred to relevant courts. PAYING THE AMOUNT OF THE LIBERATING PENALTY IN FAVOUR OF TREASURY Article 27: The amount of the liberating penalty that the account holder shall pay to recover the faculty to issue cheques shall be settled according to the relevant provisions of the Commercial Code. Article 28: Liberating penalty shall be paid in favour of Treasury trough: revenue stamps affixed on the injunction letter which shall be returned to the drawee Institution within a specific time; direct payment at taxes services.

8 When a Reporting Institution holds documents relating to settlement as well as payment of the liberating penalty, such shall declare such settlement to the Bank of Algeria. SUSPENSION TO ISSUE CHEQUES FOR (5) FIVE YEARS Article 29: The cheque book issue suspension is to ban the account holder to issue cheques others than for withdraw, for (5) five years as from the injunction date. Cheque book suspension shall preserve the right to run his account by transfer orders. Article 30: Reporting Institutions shall be compelled to apply the suspension mentioned in Article 29 above as soon as notified by the Overdue Department. Article 31: Cheques issue suspension concerning a collective account shall apply to all co-holders who become suspended to issue book cheque either on the collective account or their personal accounts or on all other collective accounts of which they will be co-holders. Reciprocally, when account holders are individually suspended to issue cheque books, the collective account in which they will be cop-holders shall be touched by the cheque book suspension. Article 32: The effects of cheques issue suspension shall be limited to accounts of the cheque book suspension that preserve the faculty to issue cheques, as agent, on accounts of third party, natural persons or legal entities, accredited for this purpose. The suspension taken against any natural person or legal entity shall not apply to agents for all what concerns the running of personal accounts of the latter. SUSPENSION TO DELIVER A CHEQUE BOOK Article 33: The drawee Institutions shall be compelled to suspend the delivery of cheque book to any account holder who refuses to give back the cheques formulas not yet issued of closed accounts.

9 DIFFUSION OF THE LIST OF CHEQUE BOOK SUSPENSIONS Article 34: The Bank of Algeria shall send periodically the updated list of the cheque book suspensions to the Reporting Institutions. Article 35: As soon as the Bank of Algeria sends the updated list of the cheque books suspensions to the Reporting Institutions, the latter shall: refrain from delivering a cheque to any client on the list; require the concerned client to give back the cheques formulas not yet issued. CERTIFICATE OF NON-PAYMENT Article 36: The drawee Institution which refuses the payment of a cheque for lack or insufficient funds shall remit a certificate of non payment: to the beneficiary of the unpaid cheque during the presentation for settlement at the counter, to the presenting Institution at the moment of the refusal at Télé compensation (or, where appropriate, at the Clearing House). Article 37: mentions: The certificate of non payment shall include the following cheque number, its amount, dates of issue and presentation; bank account statement, (R.I.B) on which the cheque has been issued; amounts of cheque and account funds; drawer identification elements (name, given name, or corporate name, number of taxation, statistical identification number, address ); names and given names or corporate name of the cheque beneficiary. The certificate of non payment serves as protest according to the provisions of the Commercial Code. Article 38: The Reporting Institutions shall be compelled to insert the new provisions enacted by this Instruction in the accounts opening agreements binding them to their clients.

10 CERTIFICATION OF SIGNATURES Article 39: A specimen of signature of persons entitled by the Reporting Institutions to sign the statements mentioned in this Instruction shall be submitted to the Bank of Algeria within (30) thirty days as from the date of coming into force of this Instruction, under the guise of the first responsible for Reporting Institution so concerned. MISCELLANEOUS PROVISIONS Article 40: The drawee Institution shall be jointly and severally compelled to pay the civil compensation granted to the unpaid cheque holder for any cheque: issued by a formula which such did not obtained the refunds within the conditions provided for in Article 12 of Regulation mentioned above, unless it proves that it has implemented the measures provided for in this Article; issued by a formula which he issued in breach of provisions of Articles 3, 8, 11 and 12 of Regulation mentioned above or by a formula which such issued again to client where the name of this one appears on the file of cheque books suspensions of the Overdue Department. Article 41: Any Reporting Institution which does not comply with the provisions of this Instruction shall be referred to the Banking Commission. Article 42: This Instruction shall cancel and replace Institutions of November 24 th, 1992 and of July 18 th, Article 43: This Instruction shall enter into force as from the date of its signature. Done in Algiers, March 9 th, The Governor Mohammed LAKSACI

11 INSTRUCTION OF MAY 16 TH, 2011 AMENDING AND COMPLETING INSTRUCTION OF DECEMBER 30 TH, 2001 SETTING THE TERMS AND CONDITIONS OF ISSUE OF AIRLINE TICKETS AND TRANSFER OF RECEIPTS SURPLUS Article 1: The object of this Instruction is to amend and complete Instruction of December 30 th, 2001 setting the terms and conditions of issue of airline tickets and transfer of receipts surplus. Article 2: The phrase excluding taxes repeated by Instruction and its appendixes mentioned in Article 1 above, shall be completed as follows excluding local taxes Article 3: This Instruction shall enter into force as from the date of its signature. The Governor Mohammed LAKSACI

12 INSTRUCTION OF SEPTEMBER 20 TH, 2011 RELATING TO PERIODICAL ACCOUNTING STATEMENTS OF BANKS AND FINANCIAL INSTITUTIONS I- OBJECT Article 1: The object of this Instruction is to set drafting and transmission rules by Banks and Financial Institutions of periodical accounting statements and their appendixes. Article 2: The periodical accounting statements shall be the following: - quarterly accounting statement model 6000 and its appendixes, that records assets, debts and off-balance commitments; - profit and loos account of six months, model 6001, that details costs and proceeds related to the activity. Titles and contents of assets, liabilities, off -balance and profit and loss account items shall correspond to those defined by Regulation09-05 of October 18 th, 2009 relating to the establishment and to the publication of financial statements of Banks and Financial Institutions, except the item proceeds surplus on costs or costs on proceeds. The latter shall represent the difference between assets and liabilities or between proceeds and costs. Article 3: The accounting statement shall record in columns the net balance of transactions achieved in dinars or in foreign currencies. Amounts of depreciations and values losses shall be born in a separate column of assets. The repatriation between residents and non residents shall be established according to the residency and membership of any economic territory. Article 4: Appendixes of the quarterly accounting position shall be the following: Appendix 1: table of current claims and commitments classified per type of activity;

13 Appendix 2: table of claims and current and classified commitments, per type of client; Appendix 3: breaking down of client s deposits; Appendix 4: distribution of resources collected per term Appendix 5: distribution of credits by residual of maturity; Appendix 6: distribution of credits to client; Appendix 7: distribution of fixed income per residual maturity; Appendix 8: transactions for financing Banks and Financial Institutions; Appendix 9: list of the first (50) fifty major risks per beneficiary or group of beneficiaries; Appendix 10: list of the first (30) thirty major depositors. II. PARTICULAR ACCOUNTING RULES Article 5: Non regained interests shall be accounted for reserved charges account. They will be charged to an account of proceeds only if they are actually cashed. Gross amount of loans and claims on financial institutions and clients shall be recorded in the balance sheet, nets of reserved charges. Article 6: Liaison accounts of headquarters, branches and agencies shall be cleared at the closing date, if necessary, by using additional accounting days. When, except, such accounts are not cleared, the remaining balance shall not represent pending transactions only, as a result of mistakes or difficulties of charge. Only the compensated balance shall be born in the assets or liabilities. Non compensated debt or credit exceeding 0,5% of the total of the assets or liabilities position shall be subject to detailed declaration to the General Department of General Inspection for the correspondent period. Settlement shall intervene on the next period.

14 Article 7: Values received at encashment which have not led to entry to credit of ordinary account of the calling, shall be subject to follow up matter out of accounting. Article 8: Assets and commitments in foreign currencies shall be converted into dinars on the basis of the average price, between purchase and sale, of the currency concerned at the closing date of periodical statements. Article 9: When the interim closing, Banks and Financial Institutions shall record accrued interest (receivable or payable) and account staffing amortizations, funds and value losses. III. MISCELLANEOUS PROVISIONS Article 10: Periodical statements and their appendixes shall be sent to the Bank of Algeria, General Department of General Inspection, (30) thirty days after the closing date, at the latest. Article 11: The base of transmission of periodical accounting statements and corresponding appendixes shall be the paper and electronic base. Terms related to later base shall be define by notice from the General Department of General Inspection. Article 12: Periodical accounting statements shall be compulsory signed by one of the entitled managers under Article 90 of Order of August 26 th, 2003 as amended and completed by Order of August 26 th, 2010 relating to Money and Credit. Article 13: Failure to declare periodical accounting statements and their appendixes shall be subject to penalty fixed by the Banking Commission. Penalty shall apply to each situation, subject of failure to declare. Article 14: This Instruction shall enter into force as from the date of its signature. The Governor Mohammed LAKSACI

15 QUARTERLY ACCOUNTING STATEMENT MOD IN THOUSANDS OF DINAR Closing date Reporting Day month year Code line A Assets Cash, central bank, treasury, postal cheques centre Depreciations Losses of Values (1) Residents (2) Dinars Non residents (3) Net amounts Foreign currenci residents (4) Non residents (5) Total (6)= ( ) A A A A A A A A A A Cash Banknotes and coins Other cash values Bank of Algeria Ordinary accounts Deposits facility Recovery of liquidity as 24h deposits Counterpart in foreign currencies of clients accounts PCC and Treasury Receivables A A A A A Financial assets held for trading purposes Government securities and assimilated values Other fixed income securities Shares and other property titles Receivables A A A A A Financial assets available for sale Government securities and assimilated value Other fixed income securities Shares and other property titles Receivables A A A A A A A Loans and claims on Financial Institutions Ordinary debit accounts Loans on the Money Market Other recovery of liquidity Foreign corresponding accounts Other loans and claims Receivables

16 Code line Assets Depreciations Losses of Values (1) Residents (2) Dinars Non residents (3) Net amounts Foreign currenci residents (4) Non residents (5) Total (6)= ( ) A A A A A A A A Loans and claims on clients Credits to clients Financial leasing Other loans to clients Ordinary debit accounts Not imputed value Other claims on clients Receivables A A A A Financial assets held until the maturity date Government securities and assimilated values Other fixed income securities Receivables A Current taxes assets A Deferred taxes - assets A Other assets A A A A A A A A Accruals Headquarters liaison accounts Uncalled capital Charges accounted in advance Accrued assets Collection accounts Foreign currencies adjustment accounts (off balance) Other accruals A A A A Investments in subsidiaries, joint ventures or associated entities Investments in Banks Investments in Financial Institutions Other investments A Investment properties A A A A Tangible assets Operating assets Simple movable rental Non-operating assets A Intangible assets A Goodwill TA TOTAL ASSETS

17 QUARTERLY ACCOUNTING STATEMENT MOD IN THOUSANDS OF DINAR Closing date Reporting Day month year Code line Liabilities Net amounts Total Dinars Foreign currencies Reside nts (1) Non residents (2) residents (3) Non residents (4) (5)= ( ) P P P P P P P P P P P P P P P P P P P P P P P P P P P P P P P P Central Bank Bank of Algeria Other accounts Payables Debts to Financial Institutions Ordinary credit account Borrowings accounts Other due sums Payables Debts to clients Sight deposits Time deposits Accounts on housing saving passbooks Accounts on other saving passbooks Other due sums Provisions for opening documentary credits Deposits of passing clients Blocked account Certified cheques Others Other debts to clients Payables Debts presented by security Cash bonds Bonds issue Other debts presented by security Payables Current taxes liabilities Deferred taxes liabilities Other liabilities Allocated funds of State Others

18 Code line P P P P P P P P P P P P P P P P P P P P P P P P P P P P P P TL Liabilities Net amounts Total Dinars Foreign currencies Accruals Headquarters liaison accounts Foreign currencies adjustment accounts (off balance) Products accounted in advance Accrued liabilities Other accruals provisions for risks and charges Provisions for guarantee and financing commitment Other provisions Capital grants other investment grants Fund for general Bank risks Subordinated debts Subordinated debts Payables Capital Issued and paid shares Issued shares called unpaid Uncalled issued shares Others Premiums related to capital Reserves Legal and statutory reserves Other reserves Fair value increment Change in fair value Translation adjustment Revaluation adjustment Carry forward (+/-) Income Surplus of proceeds on charges or insufficiency of proceeds on charges (+/-) (1) TOTAL LIABILITIES Reside nts (1) Non residents (2) residents (3) Non residents (4) (5)= ( ) (1) Negative amounts shall be preceded by the sign (-)

19 QUARTERLY ACCOUNTING STATEMENT MOD IN THOUSANDS OF DINAR Closing date Reporting Day month year Code line H H H H H H H H H H H H H H H H H H H H H H H H H H Granted financing commitments Liabilities Net amounts Total Dinars Foreign currencies Financing commitments in favour of Banks and Financial Institutions Irrevocable credits lines Against guarantees on grants to clients Against guarantees on grants to Financial Other financing commitments Financing commitments in favour of clients Opening of confirmed credits Acceptance to pay, commitments to pay Other commitments in favour of clients Guarantee commitments on behalf of Financial Institutions Confirmation of the opening of documentary credits Acceptance to pay Other guarantees Guarantee commitments on behalf of clients Sureties downstream and other guarantees Secured guarantees Other guarantee commitments of clients Other granted commitments Received commitments Financing commitments received from Financial Institutions Guarantees against on grants to clients Guarantees against on grants to Financial Other received commitments Institutions Guarantee commitments received from Financial Institutions Other received commitments Reside nts (1) Non residents (2) residents (3) Non residents (4) (5)= ( )

20 QUARTERLY PROFIT AND LOSS ACCOUNT MOD IN THOUSANDS OF DINAR Closing date Reporting Day month year Code Wording Amounts Interests and assimilated proceeds Central Bank Financial sets held for transaction purposes Financial assets available for sale Loans and claims of Financial Institutions Clients loans and claims Rental-financing Other loans and claims Financial assets held to maturity Other assets - Interest and assimilated costs Central Bank Debts to Financial Institutions Debts to clients Debts presented by security Subordinate debts Other liabilities + Commission (proceeds) On transactions with financial institutions Transactions with clients On off - balance commitments Financing commitments in favour of Financial Institutions Financing commitments in favour of clients Guarantee commitments on behalf of Financial Institutions Guarantee commitments on behalf of clients Other granted commitments On exchange transactions Commissions on financial services Other commissions - Commission (costs) On transactions with Financial Institutions Transactions with clients On off - balance commitments Exchange transactions Commissions on financial services Other commissions

21 / - Net profits or losses on financial assets held for transaction purposes + / - Net profits or losses on financial assets available for sale + Proceed and other activities Dividends received under the contribution in subsidiaries, co-enterprises or associated entities Proceeds on investments real estate Proceeds on simple rental Other proceeds Costs and other activities Costs on investments real estate Costs on simple rental BANK NET PROCEEDS - General operating costs Personal costs Taxes and duties and assimilated payment Foreign services Rentals Intermediary remuneration Foreign services provided by companies belonging to the same group - Grants to depreciations and to values losses on intangible and tangible capital assets Operating tangible capital assets Investments real estates Other capital assets GROSS OPERATING INCOME - Grants to provisions, to values losses and bad debts Grants to provisions related to counterparty risk Signed commitments Fund for general bank risks Other risks and costs Grants to value losses Financial assets available for sale Financial assets held until maturity Loans and claims on Financial Institutions Loans and claims on clients Dab debts Bad debts hedged by provisions Bad debts non hedged by provisions + Recovery of provisions, value losses and recovery on amortized claims Recovery of provisions related to counterparty risk Signed commitments Other risks and costs Recovery of depreciation

22 Financial assets available for sale Financial assets held until maturity Loans and claims on Financial Institutions Loans and claims on clients Recovery of amortized claims Loans and claims on Financial Institutions Loans and claims on clients Others OPERATING INCOME + / - Net profits or losses on other assets + Extraordinary elements (proceeds) - Extraordinary elements (costs) Proceeds surplus on costs or insufficiency of proceeds on costs

23 APPENDIX 6 CREDITS TO CLIENTS U: Thousands of Dinars Lebels Short terms credits Cash facility Operating credits Export credits Mobilization of claims arising abroad Credits providers to operation Financing credits to operation Other operating credits Consumer credits Company and financing stocks credits Financing market credits Advances on financial assets Other short term credits Medium term credits Consumer credits Including purchase of cars Real estate credits to developers Movable leasing Other medium term credits Long term credits Investment credits Real estate credits Mortgages loans for housing Real estate credits to developers Real estate credits Other long term credits Total Code 8A A A A A A A A A A A A A A A A A A A A A A A A A A A Governments enterprises Private enterprises Private sector Households Total =1+2+3 To record: Classified claims Potential problems claims Including : reserved profits Claims with higher risks Including: reserved profits Doubtful receivables Including: reserved profits 8A A A A A A A210301

24 APPENDIX 10 LIST OF THE (30) THIRTY FIRST MAJOR DEPOSITORS U: Thousands of Dinars Denomination Amount Total

25 INSTRUCTION OF OCTOBER 19 TH, 2011 AMENDING AND COMPLETING INSTRUCTION OF DECEMBER 27 TH, 1995 RELATING TO ORGANIZATION AND RUNNING OF EXCHANGE INTER-BANKING MARKET Article 1: Banks shall be authorized to carry out between them loan/borrowing transactions in convertible foreign currencies. They may deposit convertible foreign currencies with the Bank of Algeria as well. Article 2: Loan/borrowing transactions mentioned in Article 1 above may relate to a period of 1 day to 180 days. Placement of foreign currency deposits mentioned in Article 1 above may relate to a period of 1 day to 2 years. Article 3: Pursuant to paragraph 4 of Article 4 of Regulation of December 23 rd, 1995 relating to Exchange Market, resources in foreign currency accounts legal entities shall be put at the disposal of Banks. Article 4: Time exchange transactions mentioned in Article 13 of Instruction of December 27 th, 1995 shall be recorded on identical periods to those of loan/borrowing transactions referred to in Article 2 above. Article 5: Loan/borrowing in foreign currencies transactions referred to in Article 1 above shall be exclusively devoted to time exchange transactions. Article 6: Time exchange transactions referred to in Article 13 of Instruction of December 27 th, 1995 shall be exclusively devoted to the hedging of exchange risk on transactions of goods import and export. Article 7: Banks shall be compelled to maintain, at all times, in current account with the Bank of Algeria the equivalent of 30% at least of the total outstanding of foreign currency account of legal entities. Such accounts shall be remunerated according to the conditions of the Bank of Algeria.

26 Article 8: The provisions of Article 42 of Instruction of December 27 th, 1995, any otherwise provisions shall be repealed as well. Article 9: This Instruction shall enter into force as from the date of its signature. The Governor Mohammed LAKSACI

27 INSTRUCTION OF OCTOBER 19 TH, 2011 AMENDING PROVISIONS OF INSTRUCTION OF APRIL 12 TH, 1994 AS AMENDED AND COMPLETED FIXING THE PERCENTAGE OF NON HYDROCARBON EXPORT RECEIPTS AND MINERAL PROCEEDS ENTITLING THE RIGHT TO ENTRY IN FOREIGN CURRENCY ACCOUNT(S) OF LEGAL ENTITIES Article 1: Article 2 bis of Instruction of April 12 th, 1994 as amended and completed, fixing the percentage Of non hydrocarbon export receipts and mineral proceeds entitling right to entry in foreign currency account(s) of legal entities, shall be amended as follows: Article 2 bis: a foreign currency amount limited at 40 % collected on the portion of non hydrocarbon export receipts and mineral proceeds actually repatriated and entitling right to entry in foreign currency account(s) of legal entities, may be freely used at the discretion of the exporter and under his responsibility under the improvement of his exports. Article 2: This Instruction shall enter into force as from the date of its signature. The Governor Mohammed LAKSACI

28 INSTRUCTION OCTOBER 20 th, 2011 DETERMINING THE PREMIUM RATE DUE TO THE CONTRIBUTION IN THE BANK DEPOSITS INSURANCE FUND Article 1: Pursuant to Regulation of Muharram 12 th, 1425 corresponding to March 4 th, 2004 relating to the Bank Deposits Insurance System, the object of this Instruction is to fix the premium rate that Banks as well as foreign Banks branches operating in Algeria shall pay. Article 2: Pursuant to the Regulation mentioned in Article 1 above, the premium rate due by Banks together with foreign Banks branches operating in Algeria shall be fixed for the financial year 2010 at 0, 25% for all deposits recorded on December 31 st, 2010, under their contributions in Banks Deposit Insurance System, in accordance with the Resolution of the Council of Money and Credit of October 10 th, Article 3: Premiums shall be paid, in favour of Bank Deposits Insurance fund, the last business day of October 2011, at the latest. Article 4: This Instruction shall enter into force as from the date of its signature. The Governor Mohammed LAKSACI

29 INSTRUCTION DECEMBER 21 ST, 2011 RELATING TO LIQUIDITY RATIO OF BANKS AND FINANCIAL INSTITUTIONS Article 1: The object of this Instruction is to implement provisions of Articles 3 and 4 of Regulation of May 24 th, 2011 relating to Identification, measurement, management and control of liquidity risk. It shall define the component of minimum liquidity ratio of Banks and Financial Institutions also those of observation liquidity ratio, mentioned in Articles 3 and 4 of aforesaid regulation. It shall specify terms of establishment and transmission of such ratio to the Bank of Algeria. Article 2: Banks And Financial Institutions shall establish at the end of each quarter: - declarative statement including models 5000, 5001 and 5002 in appendix 1, of liquidity ratio of the next month; - declarative statement including models 5003, 5004 and 5005 in appendix 2, observation liquidity ratio realizing the projected position of liquidity at the end of quarter after the closing date; - declarative statement model 5006, in appendix 3, including the two reports mentioned and the liquidity ratio of the (2) two last months of the pervious quarter. Article 3: Statements mentioned in Article 2 shall be transmitted to the Bank of Algeria General Department of General Inspection, within 30 days as from the end of the considered quarter. Article 4: Elements of numerator of liquidity ratio and quotas up which they shall be taken into account shall be specified below: Quota of 100% - cash assets (dinars); - assets in foreign currency accounts equity capital deposited with the Bank of Algeria; - sight assets in dinars with the Bank of Algeria corresponding to free reserves and time investments in dinars with the Bank of Algeria the maturity of which shall not exceed (1) one month; - deposits with Treasury and Algérie Poste ( deposit at the Postal Cheques Centre);

30 - sight debit accounts with Banks and Financial Institutions and foreign correspondents; - loans on the Interbank Money Market the maturity of which shall not exceed (1) one month; - Treasury bills negotiable on the secondary Market of State s securities; - participating preferred stocks of Treasury repaid at the first request; - bonds and other fixed income securities issued by the State subject to listing on the official Market; - balance of collection accounts, when it is lender. Quota of 75% Grants up to (1) one month to run after granted to client as operating credits, investment credits, leasing transactions and simple lease. Quota of 60% Bonds and other fixed income securities issued by state and private companies subject to listing on the official Algerian Market. Quota of 50% Financing commitments received from Banks and authorized Financial Institutions in Algeria meeting the conditions set by Article 7 of this Institution. Quota of 10% Shares and other variable securities subject to listing on an official Algerian Market. Article 5: The following shall not be taken into account for calculating numerator of liquidity ratio: - grants to client the maturity of which is not fixed yet; - claims classified under Article 17 of Instruction of November 29 th, 1994 as amended and completed, setting management prudential rules of Banks and Financial Institutions; - securities issued by Banks and Financial Institutions and related by themselves; - equity and affiliated securities; - financial assets held until the maturity except those coming to maturity next month.

31 Article 6: Denominator elements of liquidity ratio and quotas up to which they shall be taken into account shall be specified below: Quota of 100% - sight credit accounts in dinars of Banks and Financial Institutions, - rediscount with the Bank of Algeria and refinancing under the Monetary policy (agreements, auctions) the maturity of which shall not exceed (1) one month; - borrowings on the Interbank Money Market repayable within a period not exceeding (1) one month; - bonds issue, subordinated borrowings and other repayable within (1) one month; - un-sued part of refinancing agreements granted to other Banks and Financial Institutions shall not exceed (6) six months; - balance of collection accounts, when it is a borrower. Quota of 70% Time deposits (in dinars) and cash bills up to (1) one month to run after. Quota of 30% Savings bank books Quota of 25% Sight deposits of companies ( in dinars) Quota of 20% Other sight deposits (in dinars) Quota of 15% Housing savings books Quota of 5% Off balance commitments granted in favor of Banks and Financial Institutions other than those taken at 100%, and off balance commitments in favor of client or to his order.

32 Article 7: Received financing commitments mentioned in Article 4 of this Instruction shall: - be entered in writing; - include express clauses of irrevocability during the contractual period of validity and providing fund at the first request. Liable banks and financial institutions shall transmit to Banking Commission any element showing that the conditions mentioned above shall be respected when implementing the refinancing agreement and inform it of any amendment that might challenge the compliance of these conditions. Article 8: Statements mentioned in Article 2 of this Instruction shall be established at the maturity of January 31 st, 2012, for the first time. The Governor Mohammed LAKSACI

33 APPENDIX 1 TO INSTRUCTION COMPUTATION ELEMENTS OF NUMERATOR OF LIQUIDITY RATIO-MOD 5000 IN THOUSANDS OF DINARS Closing date Reporting Day month year computation element Code Amounts (1) Weight in % (2) cash assets (dinars); assets in foreign currency accounts equity capital deposited with the Bank of Algeria sight assets in dinars with the Bank of Algeria corresponding to free reserves and time investments in dinars with the Bank of Algeria the maturity of which shall not exceed (1) one month deposits with Treasury and Algérie Poste ( deposit at the Postal Cheques Centre) sight debit accounts with Banks and Financial Institutions and foreign correspondents loans on the Interbank Money Market the maturity of which shall not exceed (1) one month treasury bills negotiable on the secondary Market of State s securities participating preferred stocks of Treasury repaid at the first request bonds and other fixed income securities issued by the State subject to listing on the official Market balance of collection accounts, when it is lender grants up to (1) one month to run after granted to client as operating credits, investment credits, leasing transactions and simple lease bonds and other fixed income securities issued by state and private companies subject to listing on the official Algerian Market Amounts weighted (3)=(1)x(2) financing commitments received from Banks and authorized Financial Institutions in Algeria meeting the conditions set by Article 7 of this Institution shares and other variable securities subject to listing on an official Algerian Market Total of assets available carried out in short term and financing commitments received

34 APPENDIX 1 TO INSTRUCTION COMPUTATION ELEMENTS OF NUMERATOR OF LIQUIDITY RATIO-MOD 5001 IN THOUSANDS OF DINARS Closing date Reporting Day month year computation element Code Amounts (1) Weight in % (2) sight credit accounts in dinars of Banks and Financial Institutions rediscount with the Bank of Algeria and refinancing under the Monetary policy (agreements, auctions) the maturity of which shall not exceed (1) one month borrowings on the Interbank Money Market repayable within a period not exceeding (1) one month bond issue, subordinated borrowings and other repayable within a period not exceeding (1) one month un-sued part of refinancing agreements granted to other Banks and Financial Institutions shall not exceed (6) six months balance of collection accounts, when it is a borrower Amounts weighted (3)=(1)x(2) time deposits (in dinars) and cash bills up to (1) one month to run after savings bank books sight deposits of companies ( in dinars) other sight deposits (in dinars) housing savings books off balance commitments granted in favor of Banks and Financial Institutions other than those taken at 100%, and off balance commitments in favor of client or to his order. Total of sight and short time liabilities of commitments granted

35 APPENDIX 1 TO INSTRUCTION COMPUTATION ELEMENTS OF NUMERATOR OF LIQUIDITY RATIO-MOD 5002 IN THOUSANDS OF DINARS Closing date Reporting Day month year Total of assets available carried out in short term and financing commitments received (A) 116 Total of sight and short time liabilities of commitments granted (B) 129 Liquidity ration (A/B) 130 Surplus/ insufficient of liquidities (A-B) 131

36 APPENDIX 2 TO INSTRUCTION COMPUTATION ELEMENTS OF NUMERATOR OF LIQUIDITY RATIO-MOD 5003 IN THOUSANDS OF DINARS Closing date Reporting Day month year computation element Code Amounts (1) Weight in % (2) cash assets (dinars) assets in foreign currency accounts equity capital deposited with the Bank of Algeria sight assets in dinars with the Bank of Algeria corresponding to free reserves and time investments in dinars with the Bank of Algeria the maturity of which shall not exceed (3) three months the un-sued part of refinancing agreements obtained with the Bank of Algeria Banks for a period not exceeding (6) six months as from the closing date; deposits with Treasury and Algérie Poste ( deposit at the Postal Cheques Centre) sight debtor accounts with Banks and Financial Institutions and foreign correspondents Amounts weighted (3)=(1)x(2) borrowings on the Interbank Money Market the maturity of which shall not exceed (3) three months as from the closing date Treasury bills negotiable on the secondary Market of State s securities participating preferred stocks of Treasury repaid at the first request bonds and other fixed income securities issued by the State subject to listing on the official Market balance of collection accounts, when it is lender grants up to (3) three months granted to run to client as operating credits, investment credits, leasing transactions and simple lease Bonds and other fixed income securities issued by state and private companies subject to listing on the official Algerian Market Financing commitments received from Banks and authorized Financial Institutions in Algeria meeting the conditions set by Article 6 of this Institution Shares and other variable securities subject to listing on an official Market Total of assets available carried out in short term and financing commitments received

37 APPENDIX 2 TO INSTRUCTION COMPUTATION ELEMENTS OF NUMERATOR OF LIQUIDITY RATIO-MOD 5004 IN THOUSANDS OF DINARS Closing date Reporting Day month year computation element Code Amounts (1) Weight in % (2) sight credit accounts in dinars of Banks and Financial Institutions rediscount with the Bank of Algeria and refinancing under the Monetary policy (agreements, auctions) the maturity of which shall not exceed (3) three months borrowings on the Interbank Money Market repayable within a period not exceeding (3) three months bonds issue, subordinated borrowings and other repayable within a period not exceeding (3) three months the un-sued part of refinancing agreements granted to other Banks and Financial Institutions shall not exceed (6) six months, as from the closing date balance of collection accounts, when it is a borrower Amounts weighted (3)=(1)x(2) time deposits (in dinars) and cash bills up to (3) three months to run after, as from the closing date savings bank books sight deposits of companies ( in dinars) other sight deposits (in dinars) housing saving books Off balance commitments granted in favor of Banks and Financial Institutions other than those taken at 100%, and off balance commitments in favor of client or to his order. Total of sight and short time liabilities of commitments granted. 229

38 APPENDIX 2 TO INSTRUCTION COMPUTATION ELEMENTS OF NUMERATOR OF LIQUIDITY RATIO-MOD 5005 IN THOUSANDS OF DINARS Closing date Reporting Day month year Total of available assets carried out in short term and financing commitments received (A) 216 Total of sight and short time liabilities of commitments granted (B) 229 Observation Liquidity ration (A/B) 230

39 INSTRUCTION DECEMBER21 ST, 2011 RELATING TO DECLARATION OF CREDITS RESCHEDULED UNDER THE FINANCIAL SUPPORT OF THE STATE Article 1: Pursuant to Article 5 of Regulation of June 28 th, 2011 relating to accounting treatment of uncollected interests, the object of this Instruction is to set form and terms of declaration by Banks and Financial Institutions of classified claims having bee subject to rescheduling under the financial support granted by the State to small and medium enterprises. Article 2: The definition of small and medium enterprises under this Instruction shall be that set forth in Articles 4 to 8 of Law of December 12 th, 2001 relating to orientation on the improvement of small and medium enterprises. Article 3: Declaration of rescheduled claims, under the financial support of the State, shall be carried out every month, according to the canvas model of reporting, attached in appendix to this Instruction. Article 4: Banks and Financial Institutions shall transmit in print and electronic declarations to the Bank of Algeria- General Department of General Inspection- on the 25 th of the month following the month concerned by declaration, at the latest. The first declaration shall relate to rescheduled claims until the end of December Article 4: Declarations duly filled out shall be signed by an entitled manager under Article 90 of Order of August 26 th, 2003, as amended and completed, relating to Money and Credit. Article 6: This Instruction shall come into force as from the date of its signature The Governor Mohammed LAKSACI