ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE ESTIMATED ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED ON 31-12-2018 (12 MONTHS)

Element List	Current Year	Previous Year	%Change
Sales/Revenue	2,748	2,384.54	15.242
Total Profit (Loss)	828	738.12	12.176
Profit (Loss) Operational	700	619.66	12.965
Net Profit (Loss) after Zakat and Tax	717	631.12	13.607
Total Comprehensive Income	662	628.02	5.41
Total Share Holders Equity (after deducting minority equity)	3,224	3,113.44	3.551
Profit (Loss) per Share	3.643	3.207
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current year compared to last year	Net profit for the year 2018 is increased by 13.61% compared to prior year mainly due to the following:

- Increase in sales revenue by 15.24% resulting from increase in Polypropylene prices by 13.27% and increase in sales quantities by 1.75%

- Increase in share of profit on investment in SK Advanced Co. Ltd. (associated company in South Korea) by 40.48%

The above increase in net income is despite the increase in feedstock costs by 23.65% as a result of increase in Propane and Outsourced Propylene prices by 18.82% and 18.83% respectively and comparatively higher consumption of Outsouced Propylene by 22.06% Type of the external auditor's opinion Unmodified opinion External auditor's report containing reservation These estimated annual consolidated financial results for the year ended December 31, 2018 are prepared by the management of the Company and these results are subject to audit by the external auditors. Additional Information Year 2018 net profit also includes SR 66.88 million share of profit on equity investment in SK Advanced Co. Ltd. in South Korea (2017: SR 47.61 million).

From January 1, 2018, the Company has adopted IFRS 9 and IFRS 15 with no material impact on its annual financial statements.

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.