Saudi Aramco Base Oil Company – Luberef Announces the Results of the Offering Period for Individual Investors

Saudi Aramco Base Oil Company – Luberef Announces the Results of the Offering Period for Individual Investors

| 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 successful completion of the Offering to Individual Investors. Each Individual subscriber will receive a minimum of 10 shares, while the remaining shares were allocated on a pro-rata. Fraction shares were collated and allocated one share per application starting from the highest order in descending order.

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The Company Offered 50,045,000 shares, representing 29.6562963% of the Company’s capital, which was allocated 75% to Participating Parties and 25% to Individual Investors.

The subscription period for Individual Investors Tranche, comprising 12,511,250 shares representing 25% of the total offering at a final Offer Price of SAR 99, commenced on December 14, 2022 and ended on December 18, 2022.

Details of Individual Investor tranche:

• Number of Retail Subscribers 524,848

• Number of shares offered to retail subscribers 12,511,250 shares

• Final Offer Price SAR 99 per share

• Retail tranche coverage 230.10%

• Total amount of retail subscriptions SAR 2.850 Billion

• Minimum