Saudi Arabian Mining Co. — Capital/Financing Update 2014

May 26, 2014

THE SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE APPOINTMENT OF A FINANCIAL ADVISOR TO MANAGE THE PROPOSED RIGHTS ISSUE

1211 · 26/05/2014 15:43:55 · Announcement #34711 · View on Saudi Exchange

THE SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE APPOINTMENT OF A FINANCIAL ADVISOR TO MANAGE THE PROPOSED RIGHTS ISSUE

Reference is made to the announcement issued by the Saudi Arabian Mining Company (Maaden) dated 15/05/2014 in respect of the recommendation of the Board of Directors in its meeting held on 15/05/2014 to the Extra-ordinary General Assembly to increase the company capital through a rights issue with a total value of SAR 5,600,000,000, subject to obtaining the approvals of the competent regulatory authorities and the Extra-ordinary General Assembly on the capital increase, and setting the price and number of shares to be issued.

Maaden has appointed HSBC Saudi Arabia Ltd on 26/05/2014 as the financial advisor in connection with the proposed Right Issue.

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.