Announcement of the Price Range and start of Institutional Book-building period for the initial public offering of Saudi Aramco Base Oil Company – Luberef

Announcement of the Price Range and start of Institutional Book-building period for the initial public offering of Saudi Aramco Base Oil Company – Luberef

| Announcement Detail

|| SNB Capital in its capacity as the Lead Manager, Financial Advisor, Book-runner, Global Coordinator and Underwriter, Citigroup Saudi Arabia, HSBC Saudi Arabia, and Morgan Stanley Saudi Arabia in their capacity as Financial Advisors, Book-runners, Global Coordinators and Underwriters on the potential initial public offering of Saudi Aramco Base Oil Company - Luberef (“Luberef” or the “Company”) announces the price range, as well as the commencement of the Institutional book-building period; as per the following details:

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• The price range for the Offering has been set between SAR 91 and SAR 99 per share (the “Price Range”)

• The Offering is comprised of a sale of fifty million forty-five thousand (50,045,000) ordinary shares, representing 29.6562963% of Saudi Aramco Base Oil Company – Luberef’s issued share capital, by the Selling Shareholder

• The minimum number of Offer shares to be applied for by the Participating Parties is fifty thousand (50,000) shares, while the maximum number of shares is eight million four hundred thirty-seven thousand four hundred ninety-nine (8,437,499) shares

• The participation in the book-building process is confined to the Participating Parties in accordance with the Instructions for Book Building Process and Allocation Method in Initial Public Offerings issued by the Board of