Addendum Announcement from Savola Group regarding its Board’s Recommendation to Increase Capital by Rights Issue and to Distribute its Entire 34.52% Stake in Almarai to Savola’s Shareholders.

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1445/08/02     12/02/2024 08:18:21

Element ListExplanation
Introduction Further to Savola`s announcement dated 07/02/2024 regarding its Board of Directors’ recommendation to increase the company’s capital through rights issue and distributing its entire 34.52% stake in Almarai to Savola’s eligible shareholders, Savola would like to clarify to its shareholders that the previous announcement has four main interlinked components that are: Capital Increase through Rights Issue, Debt Repayment, Capital Reduction and Distribution of its entire stake in Almarai to Savola’s eligible shareholders. The objective of disclosing in such a manner is to provide the full context of series of four interlinked components of the transaction to its shareholders. As indicated in our previous announcement, the transaction is subject to regulatory and General Assembly approvals.

For further clarification and illustration on the transaction, Savola would like to attach the following for further information:

• Frequently Asked Questions (FAQ) (attachment 1)

• IR presentation to illustrate and clarify the transaction and its components (attachment 2)

Savola will announce any subsequent material developments after completing the necessary studies, analysis and obtaining regulatory approvals, in accordance with the requirements, regulations and rules of the Capital Market Authority and the Saudi Stock Exchange (Tadawul) as previously indicated.

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2024-02-07 Corresponding to 1445-07-26
Hyperlink to the Previous Announcement Click Here
Change on the Development Non-applicable
Financial Impact on the change The financial impact cannot be determined at this time, and the financial impact of each element of this transaction will be determined and announced by the company later with other material developments and regulatory and General Assembly approvals related to this transaction.
Additional Information For more information, illustration and details pertaining to the transaction, Savola has created a special page on its website which can be accessed through the following weblink:

Attached Documents     

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.

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