Addendum announcement from Mobile Telecommunications Company Saudi Arabia (Zain) further to its previous announcement on 25 October 2017 related to the Board of Directors recommendation to reduce the Company's capital and a subsequent capital increase through a rights issue,

The Company announces that on Monday 18/12/1440 corresponding to 19/08/2019 the Company and Saudi Ministry of Finance (the “Ministry”) entered into discussions with aim to convert whole or part of the outstanding debts due to the Ministry into shares in the Company, through partially underwriting of the proposed rights issues or any other means (the “Transaction”), taking into account that the Transaction shall be subject to the discussion’s results as well as obtaining all necessary approvals from governmental and regulatory bodies such as Communication and Information Technology Commission, Capital Market Authority and The Company’s Extra Ordinary General Assembly.