Ades Holding Co. Announces Obtaining a Upsizing of long-term syndicated credit facility

Element List	Explanation
Introduction	ADES Holding Company, is pleased to announce that it has successfully amended its existing syndicated facility, securing an additional equivalent to USD 3 billion, with the majority of existing lenders participating along with new, leading local and regional financial institutions.

The new USD 3 billion upsized financing is predominantly intended as a standby facility for the Group’s ambitious expansion plans, divided into the equivalent of a USD 2.7 billion standby term tranche and additional USD 300 million Revolving Credit Facility (RCF) tranche. Date of obtaining the funding 2024-07-14 Corresponding to 1446-01-08 Financing entity Saudi Awwal Bank, Riyadh Bank, Al Rajhi Banking and Investment Corporation, Arab National Bank, The Saudi National Bank, Alinma Bank, Banque Saudi Fransi, Aljazira Bank, Arab Petroleum Investments Corporation (APICORP) and Commercial Bank of Dubai PSC as Financial Institutions. Financing amount. Equivalent to USD 3 billion, including a term tranche of USD 2.7 billion and a Revolving Credit Facility (RCF) tranche of USD 300 million. Financing duration. Standby Term Tranche: 8.5 years with a final maturity in December 2032.

RCF Tranche: 8 years with a final maturity in June 2032 for the RCF tranche. Guarantees offered for the financing • Mortgages over offshore Rigs

• Share mortgages/pledges over entities which hold onshore or offshore rigs as applicable

• Security over the collection accounts and Debt Service Accrual (DSA) account

• Assignment of receivables under client contracts

• Assignment of receivables under insurance contracts in respect of financed rigs

• Promissory notes Financing objective Standby term facility for the purpose of financing the group’s expansion plans.

The amounts under the Revolving Credit Facility shall be applied towards the general corporate purposes of the company. Related Parties No related parties on this transaction 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.