Nile Industries Private Placement ($0.10 per share)

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Attached please find a subscription agreement for Nile Industries Ltd.'s ("Nile") non-brokered offering of up to
12 million common shares of Nile at a price of $0.10 per common share.

If you would like to subscribe, please complete the subscription agreement and attach a cheque payable to
Nile Industries Ltd. and mail it to:
Attention: Mohamed Mokled
Nile Industries Ltd.
#100 – 3605 – 29th Street NE,
Calgary, Alberta T1Y-5W4

For subscribers who prefer to submit subscription funds via a direct wire transfer please contact Nile for further instructions.

The deadline for completing and returning the subscription agreement is January 9th, 2009.
Nile is scheduled to complete its qualifying transaction (as defined by the policies of the TSX Venture
Exchange). In the event the qualifying transaction is not completed, all subscription proceeds will be
retuned in full.

If you have questions regarding the completion of the subscription agreement please email or call
Mohamed Mokled.
Phone: (403) 804-4890
E-mail:
www.nileindustries.com

Nile aims to consolidate the home interior and décor furnishing industry by:

• Acquiring profitable private companies with growth potential,
• Creating a brand and franchise,
• Injecting capital to grow the companies and
• Exploiting synergies to improve profitability.

Nile Future Plan:

Target Companies Characteristics:

• Well-managed and profitable companies with potential for growth.
• Excellent reputation amongst customer base.
• Potential for synergies with other businesses being considered or already part of Nile.
• Owners/managers willing to continue running their business as salaried employees and large shareholders for a  period of 2-3 years.
• Nile intends to exploit synergies amongst these companies to improve their profitability and growth potential. 

About Nile Industries:

About Tiles From The Nile (QT):

Tiles one of the industry leader in the Floor Covering, Sanitary Fixtures, Granite Countertops, Window Treatments, Upholstery, Furniture and Home Décor, has been operating in Calgary since 2002. The primary business of Tiles is to supply builders, architects, interior designers and homeowners with very unique products and high level of services that go beyond the current service in the market. The advantages of Tiles are:

• Excellent name with a cachet around which a franchise can be built.
• Access to inexpensive high quality offshore suppliers with distinctive and unique products from Egypt and China.
• Growing sales and expansion to three stores in Calgary.
• Well managed with excellent customer reputation.

Currently Tiles operates from three stores:

The NE Calgary store: approximately 7,400 sq. ft.
complete with unique designer showroom, warehouse and outlet centre.
NE store is the main location for shipping / receiving with its large backyard.
This store is targeted to attract builders.

The SW Calgary store: approximately 8,000 sq. ft.
showroom in the Calgary designer district centre.
This store is designed to attract designers and architects as well as individual homeowners.

The SE Calgary store: approximately 5,000 sq. ft.
with a large workshop at the back of the store for upholstery and drapery manufacturing.
The main business of this store is upholstery and drapery.

Summary of Growth for Tiles:

 Qualifying Transaction with Tiles From The Nile:

• The Acquisition has the unanimous support of the board of directors of both Nile and Tiles.
• Pursuant to the Acquisition Agreement, Nile has agreed to acquire all of the issued and outstanding Tiles Shares by way of take-over bid.
• Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. There can be no assurance that the transaction will be completed as proposed or at all.

For More information, Please contact: