PR/2021/1
PRESS RELEASE

UNITED NATIONS COMPENSATION COMMISSION PAYS OUT US$270 MILLION

Today, the United Nations Compensation Commission made available
$270 million to the Government of the State of Kuwait towards the
Commission's remaining claim with an outstanding award balance.

The United Nations Compensation Commission is a subsidiary organ
of the United Nations Security Council. It was established in 1991 in
accordance with Security Council resolutions 687 (1991) and 692 (1991)
to process claims and pay compensation for losses and damages incurred
by individuals, corporations, Governments and international
organizations as a direct result of Iraq's invasion and occupation of
Kuwait (2 August 1990 to 2 March 1991). The Commission received
approximately 2.7 million claims and concluded its review of all
claims in 2005. Approximately $52.4 billion was awarded to over 100
Governments and international organizations for distribution to 1.5
million claims in all claim categories.

Successful claims are paid from the United Nations Compensation
Fund which receives a percentage of the proceeds generated by the
export sales of Iraqi petroleum and petroleum products. This rate was
previously set at five per cent under Security Council resolution 1483
(2003) and reaffirmed in subsequent resolutions. Pursuant to Governing
Council decision 276 adopted in November 2017, the percentage was set
at 0.5 per cent for 2018, 1.5 per cent for 2019 and 3 per cent for
2020. The rate will remain at 3 per cent until such time as the
outstanding compensation has been paid in full. Payments are made on a
quarterly basis utilizing all available funds in the Compensation Fund
under Governing Council decision 267 (2009).

With today's payment, the Commission has paid out $50.3 billion,
leaving approximately $2.1 billion to be paid towards an outstanding
award balance. This category E claim was submitted by the Government
of the State of Kuwait on behalf of the Kuwait Petroleum Corporation
and awarded $14.7 billion in 2000 for oil production and sales losses
as a result of damages to Kuwait's oil field assets. It represents the
largest award by the Commission.

You are advice to send your information's as stated below to me.

(1) Your Full Name and Address:
(2) Your direct reachable telephone number:
(3) Scan Copy of Your Driver's Incense Or International Passport:
(4) A copy of Notarization Clearance Certificate from the
United Nation to Authenticate your UN compensation Claim.

Further information about the Commission can be found on the
United Nations Compensation Commission website:
https://www.ungeneva.org/en/news-media/press-release/2021/01/united-nations-compensation-commission-pays-out-us270-million.

Ms. Amina J. Mohammed
Deputy Secretary-General of the United Nations and Chair of the United
Nations Sustainable Development Group.