Middle East Paper Company (MEPCO) Announcement on the latest developments regarding its previous announcement of the signing of a Share Purchase Agreement for the acquisition of the entire shareholding of Al-Medan Project Company for Corrugated Carton in consideration for a cash payment and issuance of new shares in Middle East Paper Company.

Element List	Explanation
Introduction	With reference to the announcement by Middle East Paper Company (MEPCO) on the Tadawul website dated 27/03/2025 regarding the signing of a Share Purchase Agreement (the “SPA”) with each of Najlaa Abdullah Alotaibi, Najud Ayed Alotaibi, Alwaleed Ayed Alotaibi, Amjad Ayed Alotaibi, Abdulmajeed Ayed Alotaibi and Mohammed Ayed Alotaibi (referred to individually as a “Seller” and collectively as the “Sellers”), pursuant to which MEPCO has agreed to acquire the Sellers’ entire shareholding in Al-Medan Project Company For Corrugated Carton (“MPCCC”).

Element List

Explanation

Introduction

With reference to the announcement by Middle East Paper Company (MEPCO) on the Tadawul website dated 27/03/2025 regarding the signing of a Share Purchase Agreement (the “SPA”) with each of Najlaa Abdullah Alotaibi, Najud Ayed Alotaibi, Alwaleed Ayed Alotaibi, Amjad Ayed Alotaibi, Abdulmajeed Ayed Alotaibi and Mohammed Ayed Alotaibi (referred to individually as a “Seller” and collectively as the “Sellers”), pursuant to which MEPCO has agreed to acquire the Sellers’ entire shareholding in Al-Medan Project Company For Corrugated Carton (“MPCCC”).

If the conditions precedent to the completion of the Acquisition have not been satisfied within nine (9) months from the date of signing the SPA, the Purchaser is entitled to terminate the SPA by written notice to the Sellers. Previous Announcement Middle East Paper Company announces the signing of a Share Purchase Agreement for the acquisition of the entire shareholding of Al-Medan Project Company for Corrugated Carton in consideration for a cash payment and issuance of new shares in Middle East Paper Company. Date of Previous Announcement on Saudi Exchange’s Website 2025-03-27 Corresponding to 1446-09-27 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event The SPA has terminated due to the conditions precedent in the SPA not having all been satisfied by the Long Stop Date (being 27 December 2025G). Reasons For The Delay on The Date of The Event Previously Announced Not applicable. The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable. Delay consequences on the Company’s financial results Not applicable.

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.