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

Saudi Telecom Company (stc) announces the results 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 Employee Stock Incentive Plan on 29-11-2022, in accordance to the approval of the Extraordinary General Assembly meeting held on 30-8-2022, and its published results in Tadawul website on 31-8-2022.

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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||2022-08-31 Corresponding to 1444-02-04|

|Purchase Period||12 months from the EGM approval.|

|Number of the Purchased Shares||11587718|

|Value of the Purchased Shares||SAR 452,999,995.58|

|Average Purchase Price Per Share||SAR 39.16|

|Additional Information||The shares purchased for employees’ stock incentive plan will not be entitled to any dividends during the period the company holds them.|