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Completion of Placing

Date Published: 23/01/09

23 January 2009

ISLAMIC BANK OF BRITAIN PLC

Islamic Bank of Britain PLC ("IBB" the "Company" or the "Bank") announces that, further to the announcement of 19 December 2008, all the conditions of the Placing have now been satisfied and 127,470,000 new Ordinary Shares will be admitted to trading on AIM on Monday 26 January 2009.

For further information please contact:

Islamic Bank of Britain Plc:

Gerry Deegan - Managing Director 0121 452 7300

Grant Thornton UK LLP (Nominated Adviser):

Gerald Beaney 020 7383 5100

Charles Cattaneo 0121 232 4000

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