Intellect Design Arena Ltd.

Intellect Design Arena has informed that Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena, are delighted to congratulate UAE's leading financial institution Abu Dhabi Islamic Bank (ADIB) for winning the Aite Group's 2019 Cash Management and Payments Innovations Award for Customer Experience through their flagship platform, ADIB Direct, across web, mobile and watch. ADIB received this award for demonstrating innovation through technology to offer a differentiated user experience that aligns with the needs of today's business owners and corporate treasurers. The Company enclosed herewith a copy of proposed Media Release dated February 10, 2020 titled as ‘iGTB-powered Abu Dhabi Islamic Bank Wins Aite Group's 2019 Cash Management and Payments Innovation Award for Customer Experience’.

The above information is a part of company's filings submitted to BSE.