Savola Group — Capital/Financing Update 2013

Apr 6, 2013

The Savola Group announces the latest developments related to the acquisition of Al-Muhaidib Holding Companys shares in some of Savolas Subsidiaries (Continued)

2050 · 06/04/2013 09:23:04 · Announcement #29993 · View on Saudi Exchange

The Savola Group announces the latest developments related to the acquisition of Al-Muhaidib Holding Companys shares in some of Savolas Subsidiaries (Continued)

Samba Capital & Investment Management Company is acting as financial advisor to Savola and Jadwa Investment Company is acting as financial advisor to Al-Muhaidib in relation to this Transaction.

Savola intends to enter into a binding conditional Sale and Purchase Agreement with Muhaidib to give effect to the Transaction and will seek to obtain the requisite regulatory approvals and the approval of Savolas shareholders at an Extraordinary General Assembly meeting to increase the capital of Savola.

Further announcements concerning any material developments in relation to the Transaction will be made by Savola in due course.

Dr. Abdulraouf Mannaa, Managing Director of the Savola Group, stated that this Transaction is in line with Savolas strategy of Focus and Sustainable Growth in the Food and Retail sectors.

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.