Saudi Arabian Mining Co. — Capital/Financing Update 2014

Nov 25, 2014

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCE A CLARIFICATION IN REGARDS TO THE MECHANISM OF TREADABLE RIGHTS ISSUED AND TRADED IN THE MARKET

1211 · 25/11/2014 16:04:05 · Announcement #36206 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCE A CLARIFICATION IN REGARDS TO THE MECHANISM OF TREADABLE RIGHTS ISSUED AND TRADED IN THE MARKET

The Saudi Arabian Mining Company (Maaden) would like to clarify to its shareholders that the rights which were deposited in their portfolios do not indicate ownership of a share of the company. Instead, these rights are financial instruments that give shareholders the right to subscribe to a newly issued share. Shareholders may exercise their rights by subscribing for the newly issued shares at a price of SAR23 per share or can sell their rights through the Tadawul market. Maaden would like to encourage its shareholders to either exercise their right to subscribe before the end of trading on 10/02/1436 (corresponding to 02/12/2014) or to sell their rights before the end of trading on Thursday 05/02/1436 (corresponding to 27/11/2014). Any rights held by shareholders that have not been exercised by 10/02/1436 (corresponding to 02/12/2014) will be offered in an auction to institutional investors with any proceeds being paid to those shareholders that did not subscribe for the newly issued shares, as stated in the prospectus.

Maaden would also like to inform those who bought rights from the market that rights do not indicate ownership of a share of the company. Those who bought rights may exercise their right to subscribe for the newly issued shares at a price of SAR23 before the end of trading on 10/02/1436 (corresponding to 02/12/2014) or to sell their rights before the end of trading on Thursday 05/02/1436 (corresponding to 27/11/2014). Any rights that have been bought but have not been exercised by the holders of those rights by 10/02/1436 (corresponding to 02/12/2014) will be offered in an auction to institutional investors with any proceeds being paid to those holders of rights that did not subscribe for the newly issued shares, as stated in the prospectus.

For more information about the subscription in Maaden rights issue please review the prospectus in the Capital Market authority website at the following link: http://www.cma.org.sa/Ar/Pages/Prospectuses.aspx or Maaden website at the following link: http://www.maaden.com.sa/ar/investor/ri

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.