Saudi Arabian Mining Co. — Capital/Financing Update 2014

Nov 13, 2014

THE SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE SUBSCRIPTION PERIOD FOR THE NEW SHARES AND THE RIGHTS ISSUE TRADING PERIOD

1211 · 13/11/2014 20:06:44 · Announcement #36138 · View on Saudi Exchange

THE SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE SUBSCRIPTION PERIOD FOR THE NEW SHARES AND THE RIGHTS ISSUE TRADING PERIOD

The Saudi Arabian Mining Company (the Company) announces the following details in relation to the subscription period for the New Shares and trading of Rights, as follows:

First: Registered Shareholders and the public shall be able to subscribe during the period from Tuesday 25/01/1436H. (corresponding to 18/11/2014G) until the close of trading on Tuesday 10/02/1436H (corresponding to 02/12/2014G). The subscription shall be done in two phases:

a) First Subscription Period: Starts on Tuesday 25/01/1436H (corresponding to 18/11/2014G) and shall continue until the end of the day on Tuesday 02/02/1436H (corresponding to 27/11/2014G) . During that period, only Registered Shareholders shall be entitled to exercise their rights to subscription (in whole or in part) in the New Shares within the limits of the number of Rights that have been deposited in their portfolio after the Extraordinary General Assembly held on 20/01/1436H (corresponding to 13/11/2014G). Subscription shall only be approved for a number of New Shares based on the number of the Rights existing in the portfolio at the end of the trading period. The First Subscription Period shall coincide with the trading period during which Registered Shareholders and Public may trade their Rights.

b) Second Subscription Period: Starts on Sunday 08/02/1436H (corresponding to 30/11/2014G) and continues until the end of the day on Tuesday 10/02/1436H (corresponding to 02/12/2014G) . During that period, all holders of Rights, whether Registered Shareholders or persons who purchased Rights during the trading period coinciding with the First Subscription Period shall be allowed to exercise their right to subscribe to the New Shares. Trading of Rights during this phase is not possible.

If unsubscribed shares remain following the First and Second Subscription Period, the remaining shares will be subscribed to through the Rump Offering as described in the prospectus.

Second: the eligibility ratio is 1 rights for each shareholder, who holds 3.8 share registered in the Companys share register maintained by Tadawul as at the close of trading on the day of the Extraordinary General Assembly meeting approving the Companys capital increase.

Third: The offer price is SAR 23 per share.

Fourth: Shareholders, who do not wish to subscribe to the New Shares, may sell their allocation of Rights during the trading period mentioned above to avoid the decrease in the value of their investment portfolios.

Fifth: To check the daily percentages of the Rights price fluctuation, please visit Tadawuls at www.tadawul.com.sa.

Sixth: For information about the share indicative value, please visit the Companys link on Tadawuls website (www.tadawul.com.sa).

Seventh: For information about the tradable rights issue, please visit the following link:

http://www.tadawul.com.sa/static/pages/ar/RI/TR_Booklets.pdf

Eighth: To check the Companys Rights Issue prospectus, please visit the following link: www.cma.org.sa

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.