General License No. 1B – Authorizing Transactions Related to Third-Country Libyan-Owned or -Controlled Banks

1. “General License No. 1A, dated March 4, 2011, is replaced and
superseded in its entirety by this General License No. 1B.”

2. “Except as specified in paragraph 3, all transactions involving banks that
are owned or controlled by the Government of Libya and organized under
the laws of a country other than Libya are authorized, provided the
transactions do not otherwise involve the Government of Libya or any
person whose property and interests in property are blocked.”

3. “This general license does not authorize any transactions involving Arab
Turkish Bank, North Africa International Bank, or North Africa
Commercial Bank.”

Revised 06-21-2011