1211 · 10/07/2012 10:17:52 · Announcement #26366 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES ITS ESTIMATED CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDED 30 JUNE 2012 (SIX MONTHS).

The results are as follows:

1. The estimated Net Income attributable to the shareholders of the parent company, for the second quarter ended 30 June 2012 amounted to SAR 128 million, compared to the actual Net Income of SAR 63 millions for the same quarter of 2011 representing an increase of 103 % and compared to the actual net income of SAR 246 millions for the first quarter 2012 representing a decrease of 48%.

2. The estimated Gross Profit for the second quarter ended 30 June 2012 amounted to SAR 340 million, compared to the actual gross profit of SAR 160 million for the same quarter of 2011 representing an increase of 112% .

3. The estimated Operating Income for the second quarter ended 30 June 2012 amounted to SAR 247 million, compared to the actual Operating Income of SAR 72 millions for the same quarter of 2011 representing an increase of 243%.

4. The estimated Net Income attributable to the shareholders of the parent company for the first six months ended 30 June 2012 amounted to SAR 374 million, compared to the actual Net Income of SAR 106 millions for the same period of 2011 representing an increase of 253%.

(to be continued)

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.