SAUDI GEANT INCREASES ITS OWNERSHIP IN AZIZIA PANDA BY 1%

Pursuant to the announcement published by the Savola Group (the Group) in the Saudi Capital Market (Tadawul) website on 31/10/2011 regarding Fawaz Al-Hokair desire to exercise the call option for purchasing additional 3% in Azizia Panda United Company (Azizia Panda) share capital as per the agreements signed between the two parties and was also announced in Tadawul on 12 October, 2009 as part of Azizia Panda acquisition of Saudi Geant and part of its assets and upon which it has been granted the above indicated call option right.

The Savola Group would like to announce that on August 5, 2013, the Saudi Geant has exercised its right of first tranche of the call option right for acquiring 1% ownership interest in Azizia Panda for SR 40 Million (based on the valuations agreed in 2009). By completing this transaction, the ownership interest of Saudi Geant in Azizia Panda has been increased from 7% to 8% and the direct and indirect ownership interest of Savola in Azizia Panda has been reduced from 74.4% to 73.4%.

Consequently, Al-Hokair has two tranches of call options remaining for acquiring additional 2% ownership stake in Azizia Panda, which will be exercised in accordance with the agreement signed between the parties in this regard (i.e., 1% each in years 2014 and 2015).