FURTHER ANNOUNCEMENT TO JAZAN DEVELOPMENT COMPANY (JAZADCO) OF THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING AT 30/6/2012 (6 MONTHS)

Further to Jazan Development Company (Jazadco) announcement of 28/8/1433H corresponding to 18/7/2012, Jazadco would like to state that the increase in the loss in the second quarter of 2012 compared to the loss in the first quarter of 2012 is mainly due to the increase in the cost of goods sold and also the company would like to explain that there is a profit from the valuation of investments and other income in the second quarter of 2012 of SR 3,949,795 and a total amount of the profit from the valuation of investments and other income for the period of the six months up to 30/6/2012 of SR 6,339,046 compared to a loss of valuation of investments and other income of SR 1,331,083 for the same period in 2011 which is the reason for the decrease of the net loss for the period of the six months up to 30/6/2012 compared with the net loss for the same period in the last year.