Saudi Telecom Company (stc) announces the result of purchase of its own shares allocated within the Employee Stock Incentive Plan.

Element List	Explanation
Introduction	Saudi Telecom Company – (stc) announces the completion of purchasing its shares allocated to the Employees’ Stock Incentive Plan on 26/11/2020 corresponding to 11/04/1442H, in accordance to the approval of the Extraordinary General Assembly meeting held on 20/04/2020 corresponding to 27/08/1441H, and its published results in Tadawul website on 21/04/2020 corresponding to 28/08/1441H.

Accordingly, stc confirms that it has completed the purchase of the required shares in one tranche only, and that no additional shares will be purchased during the specified purchase period as indicated below. Date of Posting the Approval of the General Assembly on the Purchase on Tadawul's Website 2020-04-21 Corresponding to 1441-08-28 Purchase Period 8 months from the EGM approval. Number of the Purchased Shares 2982700 Value of the Purchased Shares SR 299,999,999.87 Average Purchase Price Per Share SR 100.58 Additional Information The shares purchased for employees’ stock incentive plan will not be entitled to any dividends during the period the company holds them.

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.