UNITED COOPERATIVE ASSURANCE CO ANNOUNCES THE SUBSCRIPTION PERIOD

FOR THE NEW SHARES AND THE RIGHTS ISSUE TRADING PERIOD

19/02/2015 12:55 AST

United Cooperative Assurance Company announces the details in relation to the subscription period for the New Shares and trading of Rights, as follows:

First: Registered Shareholders and the public shall be able to subscribe during the period from Tuesday 05/05/1436H corresponding to 24/02/2015G until the close of trading on Tuesday 19/05/1436H corresponding to 10/03/2015G. Subscription shall be done in two phases:

a) First Subscription Period: Starts on Tuesday 05/05/1436H corresponding to 24/02/2015G and shall continue until the end of the day on Thursday 14/05/1436H corresponding to 05/03/2015G. During that period, only Registered Shareholders shall be entitled to exercise their rights to subscription (in whole or in part) in the New Shares within the limits of the number of Rights that have been deposited in their portfolio after the Extraordinary General Assembly held on 29/04/1436H corresponding to 18/02/2015G. Subscription shall only be approved for a number of New Shares based on the number of the Rights existing in the portfolio at the end of the trading period.

The First Subscription Period shall coincide with the trading period during which Registered Shareholders and Public may trade their Rights.

b) Second Subscription Period: Starts on Sunday 17/05/1436H corresponding to 08/03/2015G and continues until the end of the day on Tuesday 19/05/1436H corresponding to 10/03/2015G. During that period, all holders of Rights, whether Registered Shareholders or persons who purchased Rights during the trading period coinciding with the First Subscription Period shall be allowed to exercise their right to subscribe to the New Shares. Trading of Rights during this phase is not possible.

If unsubscribed shares remain following the First and Second Subscription Period, the remaining shares will be subscribed to through the Rump Offering as described in the prospectus.

Second: the eligibility ratio is 3 shares rights for each shareholder, who holds 4 shares registered in the Company share register maintained by Tadawul as at the close of trading on the day of the Extraordinary General Assembly meeting approving the Company capital increase.

Third: The offer price is SAR 10 per share.

Fourth: Shareholders, who do not wish to subscribe to the New Shares, may sell their allocation of Rights during the trading period mentioned above to avoid a decrease in the value of their investment portfolios due to not benefiting from their rights by selling or subscribing.

Tadawul