Jordinvest Signs an agreement with the Arab Paper Manufacturing and Trading Company as a Financial Advisor and Lead Manager

Amman, Jordan (June 2006) –Jordan Investment Trust PLC (Jordinvest) has signed a financial advisory agreement with the Arab Paper Manufacturing and Trading Company as Jordinvest officially became the lead manager and financial advisor in connection with the private placement for existing Arab Paper Manufacturing and Trading Company shareholders.

In light of the agreement signed between both firms, Jordinvest is solidifying its pioneering market status by providing unique financial and advisory services that meet its client’s needs.  Specializing in providing management of private placements and initial public offerings, the issuing of bonds, mergers and acquisitions, and asset management services, Jordinvest will aid the Arab Paper Manufacturing and Trading Company achieve its objectives for further prosperity.

Jordinvest's newest client, the Arab Paper Manufacturing and Trading Co. is one of the market leading producers of different types of paper, including raw paper as well as paper for school-use, computer-use, and commercial-use.  Its sales are directed to both the local and regional market.

Commenting on the agreement signed, Chairman/CEO of Jordinvest, Mr. Ahmad Tantash said, "The agreement signed between Jordinvest and the Arab Paper Manufacturing and Trading Company helps us solidify our pioneering status in the market.  It also allows us sustain our market presence as a leading provider of financial services, an image we have proudly built for ourselves over the years. With our new partner we hope to help further develop the paper industry and take it to new heights, which will in turn elevate the economy at large."

Commenting from his end on the agreement, Chairman of the Arab Paper Manufacturing and Trading Co. Mr. Adel Hijjawi said, "We are working with Jordinvest to increase our capital through a private placement to our existing shareholders. We hope that these plans allow us to expand our product line in a way that will consequently respond to the demands of the local and regional markets. On another level, we hope that this agreement will enable us to expand our resources and to provide the markets we operate in with the latest modes of production for