Almarai Co. — M&A Activity 2009

Jul 1, 2009

ALMARAI COMPANY ANNOUNCES ITS FIRM INTENTION TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF HAIL AGRICULTURE DEVELOPMENT COMPANY (continues 7 / 11)

2280 · 01/07/2009 09:46:15 · Announcement #15762 · View on Saudi Exchange

ALMARAI COMPANY ANNOUNCES ITS FIRM INTENTION TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF HAIL AGRICULTURE DEVELOPMENT COMPANY (continues 7 / 11)

9Hadco Shareholder approval

In order for Almarai to acquire the entire issued share capital of Hadco and therefore complete the Transaction, Hadco Shareholders will need to vote in favour of the proposed resolutions to approve the Transaction at the Hadco EGM. Further details on the Hadco EGM, including its timing and the voting and quorum requirements, will be disclosed in the Hadco Circular (which will be included within the Offer Document).

10important Information

This Announcement does not constitute an offer or an invitation to purchase or subscribe for any securities.

The implications of the Transaction for persons resident in, or citizens of, jurisdictions outside of Saudi Arabia may be affected by the laws of the relevant jurisdictions. The availability of the Transaction to persons not resident in Saudi Arabia may be affected by the laws of the relevant jurisdictions. Such persons should inform themselves about and observe any applicable requirements.

This Announcement is not being and must not be published or distributed, in whole or in part, in, into or from any Restricted Jurisdiction.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.