Riyad Bank announces its determination to redeem its U.S.$1,500,000,000 fixed rate reset tier 2 trust certificates due 2030

Element List	Explanation
Introduction	Riyad Bank is pleased to announce its intention to call (redeem) the U.S.$1,500,000,000 fixed rate reset tier 2 trust certificates due 2030 (the “Sukuk”), in full, at face value (100% of issue price) at the end of year five (5) (25 February 2025).

The Sukuk was issued on 25 February 2020 for an aggregate value of U.S.$1,500,000,000 with an original maturity of ten (10) years due on 25 February 2030 and in accordance with the Sukuk's terms and conditions, Riyad Bank may require Riyad Sukuk Limited as issuer to call the Sukuk on 25 February 2025. Regulatory approval has already been obtained in this regard.

The redemption amount together with any periodic distribution accrued but unpaid will be paid by or on behalf of, Riyad Sukuk Limited on 25 February 2025 to the relevant holders of the Sukuk in accordance with the terms and conditions of the Sukuk. Offer Type International Tier 2 Sukuk denominated in U.S. dollars. Value of the redeemed (sukuk\ bonds) U.S.$ 1,500,000,000 Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) 100 % Number of redeemed (bonds/sukuk) 7,500 (based on the minimum denomination and total size) Issuance Date 2020-02-25 Corresponding to 1441-07-01 Trading End Date Date of redemption of the Sukuk: 26/08/1446H (corresponding to 25/02/2025G) Sukuk Par Value at Redemption Date U.S.$ 200,000 Total issuance value after redemption 0 Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts 2025-02-25 Corresponding to 1446-08-26 Name of the Entity Responsible for the Deposit and Contact Details For any further information or questions, kindly contact the Investors Relations department:

Phone number: 0114013030 extension (3502) during operating hours

Email: Investor.relations@riyadbank.com

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.