Saudi Arabian Mining Co. — Capital/Financing Update 2018

Dec 2, 2018

Addendum Announcement from Saudi Arabian Mining Co. in regards SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE FIRST DIAMMONIUM PHOSPHATE (DAP) PRODUCTION OF ITS SUBSIDIARY (MAADEN WAAD AL SHAMAL PHOSPHATE COMPANY)

1211 · 02/12/2018 15:38:45 · Announcement #52822 · View on Saudi Exchange

Addendum Announcement from Saudi Arabian Mining Co. in regards SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE FIRST DIAMMONIUM PHOSPHATE (DAP) PRODUCTION OF ITS SUBSIDIARY (MAADEN WAAD AL SHAMAL PHOSPHATE COMPANY)

Element List	Explanation
Date of posting the previous announcement on Tadawul’s website	2017-07-31 Corresponding to 1438-11-08
Subject of the previous announcement	SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE FIRST DIAMMONIUM PHOSPHATE (DAP) PRODUCTION OF ITS SUBSIDIARY (MAADEN WAAD AL SHAMAL PHOSPHATE COMPANY)
Change Details on development	Further to the announcement on Monday 16/10/1438H (corresponding to 10/07/2017G) the Saudi Arabian Mining Company (Maaden) announces the commencement of the commercial production of the Diammonium Phosphate plant on Saturday 23/03/1440H (corresponding to 01/12/2018G), thereby the entire phosphate project has entered the commercial production phase. The (DAP) production will gradually ramp-up until it reaches the 3 million tonnes in production capacity annually.

The impact on earnings will be recognized in the financial results of Q4 2018. Financial Impact on the change The impact on earnings will be recognized in the financial results of Q4 2018 Additional Information Saudi Arabian Mining Company (Maaden), The Mosaic Company and Saudi Basic Industries Corporation (SABIC) own 60%, 25% and 15%, respectively, of the joint venture Waad Al Shamal Phosphate project.

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