The National Agricultural Development Co. (NADEC) Announces an update on the announcement of signing an agreement of 30 MW Solar Energy Project in Haradh

Element List	Explanation
Introduction	With reference to the National Agricultural Development Company (NADEC) announcement on Tadawul website dated 3 November 2020 with regards to an update on the agreement of 30 MW Solar Energy Project in Haradh.

NADEC would like to announce to its shareholders that the project is still in the construction stage. However, according to the Company’s estimates, commissioning and commercial operation will be delayed to be in

31 July 2021. Previous Announcement The National Agricultural Development Co. (NADEC) Announces an update on the announcement of signing an agreement of 30 MW Solar Energy Project in Haradh Date of Previous Announcement on Tadawul's Website 2020-11-03 Corresponding to 1442-03-17 Percentage of fulfilled achievement 75% Event's Expected Completion Date 31 July 2021 Reasons for Exceeding the Announced End Date Due to Coronavirus (COVID-19) pandemic leading to a force majeure situation which impact the global supply chains, this led to the delay of some project execution work, and has resulted in postponement of supply and implementation activities of the project. The costs associated with the event, and if they have changed or not with indication of the reasons. N/A Impact of the Delay on the Company's Financial Results N/A Additional Information The financial impact will be announced upon completion of construction work and commencement of commercial operation of the project.

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