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 8 / 11)

2280 · 01/07/2009 09:46:05 · Announcement #15763 · View on Saudi Exchange

ALMARAI COMPANY ANNOUNCES ITS FIRM INTENTION TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF HAIL AGRICULTURE DEVELOPMENT COMPANY (continues 8 / 11)

10important Information (continues)

This Announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities pursuant to the Transaction, this Announcement or otherwise. The offer by Almarai to Hadco Shareholders will be made solely pursuant to the Offer Document, which will contain the full terms and conditions of the Transaction.

This Announcement will be available on Almarai's website at www.almarai.com by no later than 5pm on the date of this Announcement.

Morgan Stanley Saudi Arabia, which is authorised and regulated in Saudi Arabia by the CMA, is acting exclusively for Almarai and no one else in connection with the Transaction and will not be responsible to anyone other than Almarai for providing the protections afforded to clients of Morgan Stanley Saudi Arabia nor for giving advice in relation to the Transaction or any matter or arrangement referred to in this Announcement.

This is an unofficial English translation of the announcement of a firm intention to make an offer published in the Arabic language. No reliance should be placed on this English translation, which may not entirely reflect the official Arabic language announcement.

Enquiries:

Almarai

Abdulrahman Al Fadley

C.E.O. Tel: +966 1 470 0005

Morgan Stanley Saudi Arabia

(financial adviser to Almarai)

Teofilo Masera

Managing DirectorTel: +966 1 218 7000

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.