Savola Group — Capital/Financing Update 2013

Oct 8, 2013

Addendum announcement from THE SAVOLA Group RELATED TO THE LATEST DEVELOPMENTS ABOUT THE ACQUISITION OF AL-MUHAIDIB HOLDING COMPANYS SHARES IN SOME OF SAVOLA SUBSIDIARIES

2050 · 08/10/2013 09:27:39 · Announcement #32135 · View on Saudi Exchange

Addendum announcement from THE SAVOLA Group RELATED TO THE LATEST DEVELOPMENTS ABOUT THE ACQUISITION OF AL-MUHAIDIB HOLDING COMPANYS SHARES IN SOME OF SAVOLA SUBSIDIARIES

Further to the announcements made by the Savola Group )Savola) through the Saudi Stock Exchange (Tadawul) on 1 May, 2013 related to its acquisition of Al-Muhaidib Holding Company 10.0% shareholding in Savola Foods Company and 18.6% (direct and indirect) stake and shareholding in Azizia Panda United Company, in exchange for issuing 33,980,684 new shares in Savola to Al-Muhaidib Holding Company (Transaction), Savola would like to announce that it has obtained the Capital Market Authority (CMA) approval on Monday 7 October 2013 to increase its capital from SR 5,000,000,000 to SR 5,339,806,840 for the purpose of acquiring the entire direct and indirect ownership of Al-Muhaidib Holding Company Limited in the above mentioned Savola Subsidiaries.

Dr. Abdulraouf Mannaa, CEO and MD, Savola Group mentioned that Savola has already uploaded on its website www.savola.com a disclosure document issued to its shareholders related to the objectives and rationale of the capital increase, which can be accessed through the following web-link:

http://www.savola.com/SavolaA/index.php

Savola will announce the date of the Extraordinary Shareholders Assembly Meeting (EGM) after securing the Ministry of Commerce and Industry approval in this regard, and such EGM announcement will be published in Tadawul and then in two local newspapers as per regulations within the period prescribed by related regulations, as this transaction is subject to EGM Approval.

Savola will announce to the market any material developments in this connection.

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.