First Milling Company Announces the Completion of the Acquisition Procedures for Al-Manar Feed, a Single-Person Limited Liability Company

Element List	Explanation
Introduction	First Milling Company (the "Company") announced the signing of a final agreement to fully acquire Al-Manar Feed Company Limited Liability Company (the "Acquired Company"), registered under Commercial Registration No. 4030356301 and located in Jeddah, Kingdom of Saudi Arabia. Under this agreement, ownership of the plant, along with all rights, assets, and licenses.

The Acquired Company’s primary activities include feed production, and it is located in Jeddah – Third Industrial City ("Modon").

This acquisition aligns with the Company's strategy and marks significant progress in strengthening its feed production capabilities. It will add a daily production capacity of 450 tons, bringing the Company’s total feed production capacity to 1,350 tons per day. This expansion aims to meet the growing demand in local and regional markets, broaden the Company’s geographical presence, diversify its income streams, and enhance its product portfolio, thereby creating greater value for its shareholders. Acquisition Procedures Conclusion Date 2025-08-11 Corresponding to 1447-02-17 Summary of Acquisition / Purchase The Board of Directors approved the acquisition of 100% of the shares of Al Manar Feed Company Limited (A Single-Person Limited Liability Company), subject to the fulfillment of certain conditions necessary to complete the acquisition. These conditions included, but were not limited to, achieving a high level of hourly production efficiency and successfully completing both dynamic and static operational tests of the acquired plant, covering both the quality and quantity of feed production. Additionally, the due diligence studies had to be satisfactorily completed and approved to meet the intended objectives of the acquisition.

All of these requirements have been fulfilled, and all verification tests established to ensure the plant’s production capacity have been completed by the Company to finalize the acquisition process. Accordingly, the final agreement has been signed.

The valuation of the acquired company amounts to SAR 77,000,000 (seventy-seven million Saudi Riyals), with 100% ownership to First Mills Company. The acquisition will be financed through Sharia-compliant bank facilities, cash available at the Company, and other financing programs.

All necessary approvals have been obtained to complete the acquisition, including, but not limited to, the approval of the Board of Directors, the approval of the General Authority for Competition, and other regulatory and commercial requirements. Related Parties There are no related parties involved Financial Impact The financial impact of the acquisition is expected to be reflected in the third quarter of 2025, when the financial statements are consolidated. Ownership and Legal Documents Transfer Conclusion Date 30/03/2026 Additional Information For more information, please contact the Investor Relations Department at the email: IR@firstmills.com Attached Documents

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