Takween Advanced Industries Co. — Capital/Financing Update 2016

Jan 7, 2016

ADDENDUM ANNOUNCEMENT FROM TAKWEEN ADVANCED INDUSTRIES RELATED TO THE EFFECT OF THE MINISTERIAL DECISION TO ADJUST THE PRICES OF ENERGY PRODUCTS AND ELECTRICITY TARRIFS

1201 · 07/01/2016 16:03:24 · Announcement #40693 · View on Saudi Exchange

ADDENDUM ANNOUNCEMENT FROM TAKWEEN ADVANCED INDUSTRIES RELATED TO THE EFFECT OF THE MINISTERIAL DECISION TO ADJUST THE PRICES OF ENERGY PRODUCTS AND ELECTRICITY TARRIFS

Reference to the Company announcement dated 18-03-1437 H corresponding to 29-12-2015 G, Takween Advanced Industries announces to its shareholders that the increase of energy tariff & fuel prices will have a financial impact of around 3.2 % increase on related production cost equivalent to SAR 15 million. This increase in cost will be passed to customer’s selling prices which will minimise the financial impact on the Company profitability.

The company will act according to the Management directives to enhance the production efficiency, rationalize the expenses spending, challenge the cost optimization, revise the pricing structure and exert all possible efforts to maintain its competitiveness as well as to contain these changes and have minimum impact on the company profitability

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.