ART DUBAI CLOSES ITS LARGEST AND MOST GLOBAL EDITION TO DATE

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1 March 25, 2015 For immediate release ART DUBAI CLOSES ITS LARGEST AND MOST GLOBAL EDITION TO DATE Ninth edition of the fair welcomes over 25,000 visitors and exhibits more than 500 artists over four days Marker sees 40 artists from across Latin America participate in the fair for the first time Galleries report strong sales across all sectors of the fair The groundbreaking, highly popular Global Art Forum featured over 50 speakers from the worlds of technology and art, and the debut of the innovative youth movement 89plus in the region Art Dubai Education expands to include schools visits under the Sheikha Manal Little Artists Program; the graduation of 15 participants in Campus Art Dubai Core; and the consolidation of Forum Fellows as a unique programme for writers from the region Art Dubai, the leading international art fair in the Middle East and South Asia, today announced highlights from its ninth edition. Held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the fair preview was inaugurated by the Crown Prince of Dubai, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. Art Dubai 2015 also saw HE Sheikh Nahayan bin Mubarak al Nahyan, UAE Minister of Culture, Youth and Community Development, being awarded the Medal of the Commandeur des Arts et des Lettres by Jack Lang, president of the Institut du Monde Arabe, Paris, at the fair. The popular Art Dubai Ladies Preview was opened by HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of Dubai Women Establishment, wife of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs UAE. Art Dubai 2015 was held in partnership with The Abraaj Group and sponsored by Julius Baer and Emaar. The fair took place at its home, Madinat Jumeirah. Maserati was the Automotive Partner of Art Dubai 2015.

2 Art Dubai s largest and most international edition to date welcomed 92 participating galleries from 40 countries and featured the work of more than 500 artists. With a combined value in excess of US$46m, galleries reported healthy sales to local, regional and international collectors and institutions from the moment the buzzing collectors preview opened on March 17, and throughout the week. Mashreq Private Banking, the exclusive partner of Art Dubai Modern, launched its corporate collection at the fair, acquiring twentieth-century works from Africa, the Middle East and South Asia. Over the course of four public days of the fair (March 18-21, 2015), Art Dubai attracted over 25,000 guests ranging from the world s leading curators to UAE-based enthusiasts. The winner of the seventh Abraaj Group Art Prize, Yto Barrada, exhibited her specially commissioned work alongside shortlisted artists, Mounira Al Solh, Setareh Shahbazi and Sarnath Bannerjee in a dedicated exhibition, Before History, guest-curated by Omar Kholeif. The Global Art Forum, themed around technologies and their impact on the world of art and culture, attracted capacity audiences throughout its sessions both in Kuwait and Dubai. Featuring over fifty high-profile speakers from the region and around the world, the Forum firmly reinforced its position as the regional hub for discussion and discovery. Audiences interacted with new site-specific works and performances from eleven commissioned artists and collectives, part of the dynamic Art Dubai Projects programme. For the first time, the fair s not-for-profit programme included the creation of major site-specific works off-site at Alserkal Avenue and other sites, including the Al Khail Road and in the Omani mountains. The Campus Art Dubai Core class of held its graduation at the fair. A Saturday art school for UAE-based artists, writers and curators, Campus Art Dubai is a partnership with the Dubai Culture and Arts Authority, and is supported by Dubai Design District (d3). The class also programmed this year s Art Dubai Radio, with a rich week-long programme of interviews, sound projects, music and more, which will now play out internationally through dedicated podcasts. For the youngest creatives, The Sheikha Manal Little Artists Program, held in partnership with The Cultural Office, featured workshops and discovery tours led by commissioned artist Nicolas Paris, working with 15 UAE-based artists. For the first time, the artists worked with Dubai-based schools in the run-up to the fair, and ran special workshops for teachers at the fair. Art Dubai 2015 also saw the launch of Fada aat, a special exhibition presented by Dubai Culture and Arts Authority, exploring the spaces created in the intersection between culture, history and innovation. As a prelude to the forthcoming Metro Museums, the innovative, unique exhibition featured thematic spaces curated by medium and theme, including Islamic manuscripts and coins, maritime heritage, literature, photography and a live artist s studio. The exhibition was inaugurated by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum at the opening of the fair.

3 Notes to the Editor: About Art Dubai: Art Dubai is held under the Patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE, Ruler of Dubai. Art Dubai is held in partnership with The Abraaj Group and is sponsored by Emaar and Julius Baer. Madinat Jumeirah is home to the event. Mashreq Private Banking is the exclusive partner of Art Dubai Modern. The Dubai Culture and Arts Authority is a strategic partner of Art Dubai, and supports the fair s year-round education programme. Maserati is Art Dubai s official Automotive Sponsor. The ninth edition of Art Dubai takes place March 18-21, The gallery halls include 92 galleries from 40 countries, presented through three programmes - Contemporary, Modern and Marker. Art Dubai s extensive not-for-profit programme includes Art Dubai Projects; an exhibition of works by winners of the annual The Abraaj Group Art Prize; a range of educational programmes including The Sheikha Manal Little Artists Program and the community school Campus Art Dubai; and the critically-acclaimed Global Art Forum. artdubai.ae Art Dubai Partners and Sponsors: The Abraaj Group is a leading private equity investor, purpose-built for operating in the growth markets of Africa, Latin America, the Middle East, South Asia, South East Asia, Turkey and Central Asia. Through its Sustainability and Stakeholder Engagement Track, the company values social investing, thought leadership and value creation as key catalysts for sustainable development and inclusive growth across communities. The Abraaj Group Art Prize was founded in 2008 and is now in its seventh edition. The aim of the prize is to empower potential and give often under-represented contemporary artists the resources to further develop their talent. Following the application and jury process, four artists are shortlisted for the prize and one (of the four) artists awarded the $100,000 commission. The three shortlisted artists receive a cash prize and are represented in a group exhibition at Art Dubai (March 18-21,2015) through previous works, which will be carefully selected by the guest curator in liaison with the artist. The prize reflects Abraaj s own investment philosophy, which is to take viable businesses with great potential, and create regional and global champions. To date, the 2009, 2010, 2011, 2012, 2013 and 2014 works were presented at Art Dubai and artworks then gone on loan to exhibitions at Biennale de Montreal, Montreal; Boshossian Foundation, Brussels; Villa Arson, Nice; Wien Kunsthalle, Vienna; Singapore Art Museum, Singapore; Hangzhou Triennial of Fiber Art, Hangzhou; Tensta Konstall, Stockholm; Kochi Muziris Biennial, Kochi; Parasol Unit, London; Sharjah Art Foundation, Sharjah; among other venues. For more on the history and future of the prize, visit Stay connected on and on Facebook Abraaj Art Prize. abraaj.com

4 Julius Baer is the leading Swiss private banking group, with a focus on servicing and advising sophisticated private clients and a premium brand in global wealth management. Julius Baer s total client assets amounted to CHF 396 billion at the end of December 2014, including CHF 291 billion of assets under management. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank which celebrates its 125 th anniversary in 2015, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and form part of the Swiss Market Index (SMI), comprising the 20 largest and most liquid Swiss stocks. Julius Baer employs a staff of over 5,000, including more than 1,000 relationship managers, and is present in over 25 countries and some 50 locations. Headquartered in Zurich, we have offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Monaco, Montevideo, Moscow, Singapore and Tokyo. Our client-centric approach, our objective advice based on a unique open product platform, our very strong financial base and our entrepreneurial management culture make us the international reference in private banking. juliusbaer.com Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world s largest real estate companies, Emaar has total assets of nearly US$ 20 billion and a land bank of more than 238 million sq m in key international markets. With a proven track-record in delivery, Emaar has handed over 38,600 residential units in Dubai and other global markets since Emaar has over 690,000 sq m of recurring revenue generating assets, and 12 hotels and resorts, with over 1,900 rooms. Today, 54 per cent of the company s revenues come from its shopping malls & retail and hospitality & leisure subsidiaries and international operations. Burj Khalifa, the world's tallest building, and The Dubai Mall, the world s largest shopping and entertainment destination, are among Emaar s trophy developments. emaar.com Follow us on: and Set on a private beach, Madinat Jumeirah Resort is an authentic recreation of ancient Arabia, capturing the natural beauty of the region. Madinat Jumeirah features two grand boutique hotels, Al Qasr and Mina A Salam, accommodation in 29 traditional summer houses in Dar Al Masyaf, conference and banqueting facilities including two grand ballrooms, a 1000-seat amphitheatre and the region s only dedicated entertainment centre and multi-purpose venue, Madinat Arena. The facilities are interconnected by 3km of waterways and landscaped gardens. The resort also provides extensive leisure and health facilities including Talise Spa and Talise Fitness, as well as Souk Madinat Jumeirah, a traditional retail and dining experience with 90 boutiques and restaurants showcasing the best of Arabia, including nightlife destination Pacha Ibiza Dubai. jumeirah.com/madinatjumeirah Art Dubai s Strategic Partner:

5 Dubai Culture and Arts Authority (Dubai Culture) was launched on March 8, 2008 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai. Dubai Culture plays a critical part in achieving the vision of the Dubai Strategic Plan 2015 of establishing the city as vibrant, global Arabian metropolis that shapes culture and arts in the region and the world. The organisation has announced several initiatives that strengthen the historic and modern cultural fabric of Dubai. These include: Sheikh Mohammed Bin Rashid Al Maktoum Patrons of the Arts Awards: A first of-its-kind regional initiative to honour patrons of the arts from around the world for their valuable support in encouraging and strengthening the cultural scene of the Emirate; Sikka Art Fair: An annual art fair aimed at promoting Emirati and local artists in the UAE; and Dubai Festival for Youth Theatre: An annual festival that celebrates and fosters the art of theatre in the UAE. dubaiculture.ae Art Dubai Modern Exclusive Partner: Mashreq Private Banking, the second oldest bank in UAE and the largest private sector bank in the Middle East was founded in The bank has established itself as a leader in corporate banking, consumer banking and wealth management and continues to play a pioneering role in the evolution and advancement of the Regional banking industry. Mashreq has been actively growing its extensive network in UAE, Qatar, Bahrain, Kuwait and Egypt in addition to its presence in Europe, USA, Africa, and the Far East. Mashreq s traditions and values also extend to its Private Banking arm offering clients safety, delivery, consistency, confidentiality and above all continuity. The Private Bank covers a large client base from the region and the rest of the world extending a deep suite of solutions and services that include red carpet banking, investments, financing and wealth structuring. Mashreq s Private Banking is committed to its client s diversified needs and with the growing interest in art, client s have traditionally purchased art for passionate as well as a variety of other personal reasons. We believe we can play an important role in ensuring that our investors views on art are understood, preserved and embraced whilst channeled and rationalized suitably. The Private Banking business has established its presence among clients and industry peers by participating to a wide range of events and summits, for example the Global Gift Gala during the Dubai International Film Festival and through sponsoring Art Dubai Modern in Maserati is an Italian luxury car manufacturer which was established on December 1, 1914, in Bologna (Italy) by its founder Alfieri Maserati and his brothers. Their passion and talent contributed to the company DNA: innovation, excellence, and challenge, which are reflected in the brand s claim The absolute opposite of ordinary. Today, the company's headquarters and main production location are in Modena (Italy). A second state-of-the-art production location, based on the highest quality standards of the World Class Manufacturing (WCM) concept, was

6 inaugurated in Grugliasco, near Turin (Italy), in Maserati has been owned by the Italian car giant Fiat S.p.A. since Its emblem, the trident, was inspired by the fountain on the Piazza del Nettuno in the center of Bologna (Italy). It is a symbol that ties together the brothers, their hometown, and the artistry and craftsmanship for which Bologna and Emilia-Romagna are known. Through major investments into product development, production facilities as well as its worldwide dealer network, Maserati has hit a turning point. In addition to the successful GranTurismo and GranCabrio ranges, the latest generation of Maserati s flagship sedan, the Quattroporte, and the new sports executive sedan, the Ghibli, provide the cornerstones to the brand s strategy of producing some 50,000 units annually and gaining a significantly strengthened presence in the global luxury car market. Vertu aims to deliver the world s best luxury mobile phone experience for its customers by combining expert craftsmanship and peerless materials with innovative technology and unique services. Vertu mobile phones are handmade in England using the world s finest materials, with each one assembled by a single craftsman. Vertu is renowned for its curated services; a suite of carefully selected exclusive offers, content and assistance especially selected to enhance the Vertu customer s lifestyle. At the heart of these services is Vertu CONCIERGE, offering luxury lifestyle assistance and enrichment.. Vertu LIFE offers personalised recommendations and privileged access to experiences and events. Vertu CERTAINTY delivers security for customers, their data and their phones. For photos, please visit the Press Gallery section on our website: artdubai.ae/press-images For media enquiries, please contact: Jessica Mason Communications and Marketing Manager, Art Dubai jessica@artdubai.ae