Saudi British Bank (SABB) Announces Intention to Redeem the 2015 Tier 2 Sukuk

Element List	Explanation
Introduction	The Saudi British Bank (SABB) announces its intention of early redemption of its SAR 1.5 billion Tier 2 Sukuk on 31st May 2020, in full, at face value.

The Sukuk was offered through private placement on the 28th of May 2015, for an amount of SAR 1.5 billion, qualifying as Tier 2 subordinated debt in accordance with the Basel III framework.

Where the original maturity date for the Sukuk is 28th May 2025, SABB intends to redeem the Sukuk at the contractual call date of 31st May 2020, where the face value of the Sukuk and any periodic (profit) distribution amount payable (for the period ending May 2020) will be transferred to Sukukholders at this date, based on their respective holdings as of 20th April 2020. The sukuk will be suspended from trading from the date the Sukukholders are notified by the Sukukholders’ Agent. The required regulatory approval has been obtained in this regard. Issuance Type Tier 2 Sukuk Amount of redeemed (bonds/sukuk) SAR 1.5bn Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) 100 % Number of redeemed (bonds/sukuk) 1500 Sak Issuance Date 2015-05-28 Corresponding to 1436-08-10 Trading End Date 28th May 2025 Sukuk Par Value at Redemption Date SAR 1.5bn Total issuance value after redemption SAR 1.5bn Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts 2020-05-31 Corresponding to 1441-10-08 Name of the Entity Responsible for the Deposit and Contact Details HSBC Saudi Arabia in its Capacity as Sukukholders Agent and Payment Administrator Additional Information Further information in this regard may be obtained from the Payment Administrator or the Sukukholders’ Agent at tel no. 00966112992076

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