2330 · 28/04/2012 08:56:52 · Announcement #25627 · View on Saudi Exchange

Advanced is pleased to announce that it is currently studying, jointly with a Turkish company

Advanced is pleased to announce that it is currently studying, jointly with a Turkish company, the possibility of setting up a Polypropylene JV in Turkey. In this regard, Advanced is planning to sign Memorandum of Understanding (MOU) in the near future. More details about the project and the JV will be provided after signing.

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.