Pursuant to the Article 3 of Rules and Guidelines on Disclosure by Issuer of Securities and Insider Trading issued by the Capital Market Authority, Renaissance Services SAOG is pleased to disclose the following initial un-audited results for the year ended 31st December 2007     Amount in RO’000   2007 2006 Revenue 199,213 142,939 Operating and Administrative costs related to revenue 171,655 121,132 Net profit after tax 17,342 14,251 The current year un- audited profit of RO 17.3 million is before considering any capital gain from the divestment of company’s 100% subsidiary United Media Services LLC (“UMS”).In December 2007, we had announced that we have accepted an offer from a group of Omani led strategic investors to sell our 100% holding in UMS. The value of the deal is RO 3 million and is expected to realise a net capital gain of RO 1.5 million. The legal formalities related to the transfer of share ownership are yet to be completed due to the regulatory process involved. Should such process be completed within the time frame required to finalise the audited accounts, the capital gain will be included in the current year results as per the International Financial Reporting Standards (“IFRS”). The above results are initial, un-audited and subject to review by our Statutory Auditors. These results are yet to be approved Audit Committee, Board of Directors and Shareholders of the Company.