Saudi Arabian Mining Company (Ma'aden) Announces the publication of the shareholders circular in relation to the Company's capital increase for the purpose of the Acquisition of all shares held by Mosaic Phosphates B.V in Ma'aden Wa'ad Al Shamal Phosphate Company

Element List	Explanation
Announcement Detail	Further to the announcement made by Saudi Arabian Mining Company ("Ma'aden") dated 21/10/1445H (corresponding to 30/4/2024G) in respect of its entry into a Share Purchase and Subscription Agreement with Mosaic Company and Mosaic Phosphates B.V. ("Mosaic Phosphates B.V.") pursuant to which the parties have agreed on Ma'aden acquiring all shares held by Mosaic Phosphates in Ma'aden Wa'ad Al Shamal Phosphate Company through increasing Ma'aden's share capital and issuing the new shares (the “Transaction”), and whereas the Capital Market Authority has issued its approval on 02/05/1446H (corresponding to 04/11/2024G) in respect of Ma'aden's application to increase its share capital for the purpose of the Transaction, Also, with reference to the company’s announcement dated on 18/05/1446HH (corresponding to 20/11/2024G) that the company’s Board of Directors invites the shareholders to attend the extraordinary general assembly meeting that includes the increase of the company’s capital (the first meeting), which is scheduled to be held, at 7pm on Wednesday, 10/06/1446H (corresponding to 11/12/2024G), through means of modern technology. The Company would like to announce to its shareholders the publication of the shareholders’ circular regarding the capital increase of the Company for the purpose of Ma'aden acquiring the entire stake held by Mosaic Phosphates B.V. in Ma'aden Wa'ad Al Shamal Phosphate Company, which is published on the Company's website through the following link:

Element List

Explanation

Announcement Detail

Further to the announcement made by Saudi Arabian Mining Company ("Ma'aden") dated 21/10/1445H (corresponding to 30/4/2024G) in respect of its entry into a Share Purchase and Subscription Agreement with Mosaic Company and Mosaic Phosphates B.V. ("Mosaic Phosphates B.V.") pursuant to which the parties have agreed on Ma'aden acquiring all shares held by Mosaic Phosphates in Ma'aden Wa'ad Al Shamal Phosphate Company through increasing Ma'aden's share capital and issuing the new shares (the “Transaction”), and whereas the Capital Market Authority has issued its approval on 02/05/1446H (corresponding to 04/11/2024G) in respect of Ma'aden's application to increase its share capital for the purpose of the Transaction, Also, with reference to the company’s announcement dated on 18/05/1446HH (corresponding to 20/11/2024G) that the company’s Board of Directors invites the shareholders to attend the extraordinary general assembly meeting that includes the increase of the company’s capital (the first meeting), which is scheduled to be held, at 7pm on Wednesday, 10/06/1446H (corresponding to 11/12/2024G), through means of modern technology. The Company would like to announce to its shareholders the publication of the shareholders’ circular regarding the capital increase of the Company for the purpose of Ma'aden acquiring the entire stake held by Mosaic Phosphates B.V. in Ma'aden Wa'ad Al Shamal Phosphate Company, which is published on the Company's website through the following link:

https://www.maaden.com.sa/download/Maaden%20%20-%20Shareholder%20Circular%20Eng%20-%20V8-compressed.pdf

The Board of Directors of Ma'aden notes that each of Ma'aden's shareholders must carefully read and consider all information contained in the Circular prior to making their decision on how to vote on the Transaction. If in doubt as to the vote that such shareholder should make at Ma’aden’s extraordinary general assembly meeting relating to the Transaction, an independent financial advisor, licensed by the CMA, must be consulted about the Transaction; and a shareholder must rely on its own examination of the Transaction to ascertain whether the Transaction conforms with their own individual objectives, financial status and requirements.

For further details about the Transaction and completion procedures, please refer to the Circular issued by Ma'aden and addressed to its shareholders.

Ma'aden Company will announce any further material developments on the Transaction in due time. Attached Documents

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.