Saudi Arabian Mining Co. — Earnings Release 2012

Jan 20, 2013

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31/12/2012 (TWELVE MONTHS) (continues)

1211 · 20/01/2013 16:47:31 · Announcement #28450 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31/12/2012 (TWELVE MONTHS) (continues)

9. The increase in the Net Income for the twelve months period ended 31 December 2012 compared to the same period of 2011 is attributed to the beginning of commercial production of Ammonia and DAP.

10. The increase in the Net Income for the fourth quarter ended 31 December 2012 compared with the third quarter of 2012 is attributed to higher realized price and quantity sold of gold.

11. Please note that certain items have been reclassified in the statement of financial position and statement of income for the year ended 31/12/2011 to make it consistent with the presentation of the statement of financial position and statement of income of current year. This change has no financial impact on net assets or net income for the current year and prior years.

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