Tadawul-


Element List Explanation
Introduction MBC Group (the “Company”) announces the signing of an amendment agreement with its wholly-owned subsidiary MBC Media FZ-LLC ("MBC Media"), Istedamah Holding Company and MBC Group Holdings Limited (BVI) (the “Amendment Agreement”), for the purposes of amending the project agreement dated 26/10/1444H (corresponding to 16/05/2023G) in connection with the funding of certain amounts for the operation of certain TV channels of the Group (the “Project Agreement”) as disclosed in the Company’s prospectus.
Date of Announcement of the Award 2024-10-29 Corresponding to 1446-04-26
Contract Subject Matter Amendment of the Project Agreement.
The Entity with Which the Contract was Signed Istedamah Holding Company (as representative of the KSA government and provider of the funding), and MBC Media FZ-LLC (as the entity receiving the funding), and MBC Group Holdings Limited (BVI) (in its capacity as the previous holding company of the Group).
Date of Signing the Contract 2024-10-29 Corresponding to 1446-04-26
Contract Value The total uncommitted allocated amount as per the Project Agreement amounts to USD 390,219,503 (equivalent to SAR 1,463,323,136).
Contract Details The Amendment Agreement has been entered into for the purpose of the replacement of the guarantor as party in the Project Agreement, whereas the Company shall now guarantee the obligations of MBC Media under the Project Agreement as a replacement guarantor of MBC Group Holding Limited (BVI), given that the Company is the new holding company for the Group after the restructuring procedures, as disclosed in the prospectus.
Contract Duration The same duration of the Project Agreement, which shall end on 31 December 2028G.
Financial Impact and the Relevant Period There is no material financial impact on the Company.
Related Parties Istedamah Holding Company is a related party to the Company considering it is one of the substantial shareholders of the Company.
His Excellency Mr. Hindi Abdullah Humaidan Al Sohimi (vice chairman of the Company) has an indirect interest in the Amendment Agreement given his role as chairman of the board of directors in Istedamah Holding Company.

Additional Information The Company confirms that the Amendment Agreement was concluded in the ordinary course of business of the Company and did not include any preferential benefits.