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Element List	Explanation
Announcement Detail	LADUN Investment Company refers to its previous announcement published on the Saudi Stock Exchange (Tadawul) website on 21/09/2025, regarding the updated Executive Regulations of the raw Land Fees Law, which stated that there would be no material impact on the Company resulting from the application of the updated Raw Land Fees system. In light of recent developments, the Company announces that on 01/01/2026 it received a number of RawLand Fees invoices with a total value of SAR 2,562,677, relating to lands located within the geographical zones covered by the program. The Company would like to note the following: 1- Given that these lands have been developed as part of off-plan sales projects and are currently in the marketing and ownership transfer stage to buyers, and as the Company believes that they do not fall under the definition of “Rawland” as stipulated in the regulations, the Company intends to submit objections to these invoices based on its statutory right to object to the fees, and will follow up on the required regulatory procedures in this regard. 2- The Company will disclose any other material developments should additional information be received or any updates arise in relation to these invoices or the objections submitted. The Company affirms its ongoing commitment to transparency and disclosure in a manner that serves the interests of shareholders and maintains the highest standards of governance and compliance with relevant regulatory provisions.

Element List

Explanation

Announcement Detail

LADUN Investment Company refers to its previous announcement published on the Saudi Stock Exchange (Tadawul) website on 21/09/2025, regarding the updated Executive Regulations of the raw Land Fees Law, which stated that there would be no material impact on the Company resulting from the application of the updated Raw Land Fees system.

In light of recent developments, the Company announces that on 01/01/2026 it received a number of RawLand Fees invoices with a total value of SAR 2,562,677, relating to lands located within the geographical zones covered by the program. The Company would like to note the following:

1- Given that these lands have been developed as part of off-plan sales projects and are currently in the marketing and ownership transfer stage to buyers, and as the Company believes that they do not fall under the definition of “Rawland” as stipulated in the regulations, the Company intends to submit objections to these invoices based on its statutory right to object to the fees, and will follow up on the required regulatory procedures in this regard.

2- The Company will disclose any other material developments should additional information be received or any updates arise in relation to these invoices or the objections submitted.

The Company affirms its ongoing commitment to transparency and disclosure in a manner that serves the interests of shareholders and maintains the highest standards of governance and compliance with relevant regulatory provisions.

Announcement by LADUN Investment Regarding Raw Land Fees Notices