Announcement of The Saudi Industrial Export Company (Sadirat) on the latest developments in the clarification about the external auditor disclaimer of his opinion on the annual financial statements ended December 31, 2020.

Element List	Explanation
Introduction	Referring to the company's announcement on 29-04-2021 as well as the additional announcement dated 03-05-2021 regarding the clarification about the external auditor disclaimer of his opinion on the annual financial statements ended 31/12/2020.

The Saudi Industrial Exports Company (Sadirat) would like to announce to the shareholders the completion of the work done by the forensic auditor on Monday 05-07-2021 AD, about detecting and listing the administrative and financial misconduct of the previous executive management and one of the previous external auditor offices.

We hereby confirm that in Monday 05-07-2021 AD, reports about misconduct of the previous executive management and one of the previous external auditor offices were submitted to the competent authorities for the completion of all legal procedures to preserve the rights of the company and its shareholders. Previous Announcement The announcement regarding the explanatory statement on why the external auditor disclaimer his opinion on the annual financial statements ended December 31/12/2020. Date of Previous Announcement on Tadawul's Website 2021-05-03 Corresponding to 1442-09-21 Percentage of fulfilled achievement The work of the forensic references has been completed Event's Expected Completion Date It is difficult to determine the expected date of completion of this event at the present time Reasons for Exceeding the Announced End Date N/A The costs associated with the event, and if they have changed or not with indication of the reasons. There are no costs associated with the event during the current period and the financial impact will be announced later if any. Impact of the Delay on the Company's Financial Results N/A Additional Information In conclusion, the Saudi Industrial Export Company extends its thanks and appreciation to the shareholders for their support to the company to overcome these challenge.

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.