premargin

Element List	Explanation
Announcement Detail	United Mining Industries Company (the “Company”) announces that it has received notifications on [21/01/2026] from: (a) the Company’s substantial shareholders, namely: Al Mojel Trading & Contracting Company, Abdulqader Al Muhaidib & Sons Company, and Rashed Development Company Limited (collectively holding 63.2% of the Company’s share capital, the “Major Shareholders”); and (b) Knauf International GmbH (the “Purchaser”), relating to the execution by the Major Shareholders and the Purchaser of a share purchase agreement on [02/08/1447]H (corresponding to [21/01/2026]G) (the “Agreement”) to sell their entire shareholding in the Company, representing 63.2% of the Company’s share capital to the Purchaser. Pursuant to the provisions of the Agreement, the Major Shareholders will sell all of their shares in the Company, amounting to [8,850,669] shares, representing 63.2% of the entire share capital of the Company to the Purchaser, for an aggregate value of [504,488,133] Saudi Riyals, at a price of [57] Saudi Riyals per share, through a private transaction (the “Private Transaction”). The Purchaser's notification indicated that, following completion of the Private Transaction, the Purchaser intends to submit an offer (the “Offer”) to acquire [up to 100%] of the shares in the share capital of the Company, in accordance with applicable laws and regulations, including the Merger and Acquisitions Regulations issued by the Capital Market Authority. The Purchaser's notification also indicated that the Purchaser intends to submit the Offer as soon as possible following the completion of the Private Transaction,. Therefore, and in accordance with the requirements of the relevant regulations, the price per share for the Offer shall be at the same price per share as the Private Transaction, where applicable, in cases where the minimum offer price requirements apply according to the regulations. Purchaser's notification also indicated that the Purchaser current intention does not constitute a firm intention for the purposes of the Merger and Acquisitions Regulations, and that its firm intention is subject to a number of conditions, including the completion of the Private Transaction, obtaining the relevant regulatory approvals and reaching an understanding with the Company's board of directors regarding the terms and procedures of the Offer. The Purchaser will announce its firm intention to submit an Offer after satisfying these conditions and in accordance with the requirements of the Merger and Acquisitions Regulations. Completion of the Private Transaction and the Offer will be subject to certain conditions and regulatory requirements that need to be satisfied, including obtaining the necessary regulatory approvals and non-objections on the Private Transaction, as well as third party consents. The Private Transaction will be executed as a negotiated deal in accordance with the Saudi Exchange’s (Tadawul) Trading and Membership Procedures at Completion of the Private Transaction. The Company will announce any material developments in due course, including upon receipt of any formal offer-related documents. Upon submission of the Offer, the Company will take the required actions and will communicate with its shareholders accordingly. Disclaimer: There can be no assurance that the Private Transaction will close and that an Offer will be completed. Shareholders are advised not to take any investment decisions based solely on this announcement until full details and the relevant regulatory documents are published.

Element List

Explanation

Announcement Detail

United Mining Industries Company (the “Company”) announces that it has received notifications on [21/01/2026] from:

(a) the Company’s substantial shareholders, namely: Al Mojel Trading & Contracting Company, Abdulqader Al Muhaidib & Sons Company, and Rashed Development Company Limited (collectively holding 63.2% of the Company’s share capital, the “Major Shareholders”); and

(b) Knauf International GmbH (the “Purchaser”),

relating to the execution by the Major Shareholders and the Purchaser of a share purchase agreement on [02/08/1447]H (corresponding to [21/01/2026]G) (the “Agreement”) to sell their entire shareholding in the Company, representing 63.2% of the Company’s share capital to the Purchaser.

Pursuant to the provisions of the Agreement, the Major Shareholders will sell all of their shares in the Company, amounting to [8,850,669] shares, representing 63.2% of the entire share capital of the Company to the Purchaser, for an aggregate value of [504,488,133] Saudi Riyals, at a price of [57] Saudi Riyals per share, through a private transaction (the “Private Transaction”).

The Purchaser's notification indicated that, following completion of the Private Transaction, the Purchaser intends to submit an offer (the “Offer”) to acquire [up to 100%] of the shares in the share capital of the Company, in accordance with applicable laws and regulations, including the Merger and Acquisitions Regulations issued by the Capital Market Authority. The Purchaser's notification also indicated that the Purchaser intends to submit the Offer as soon as possible following the completion of the Private Transaction,. Therefore, and in accordance with the requirements of the relevant regulations, the price per share for the Offer shall be at the same price per share as the Private Transaction, where applicable, in cases where the minimum offer price requirements apply according to the regulations.

Purchaser's notification also indicated that the Purchaser current intention does not constitute a firm intention for the purposes of the Merger and Acquisitions Regulations, and that its firm intention is subject to a number of conditions, including the completion of the Private Transaction, obtaining the relevant regulatory approvals and reaching an understanding with the Company's board of directors regarding the terms and procedures of the Offer. The Purchaser will announce its firm intention to submit an Offer after satisfying these conditions and in accordance with the requirements of the Merger and Acquisitions Regulations.

Completion of the Private Transaction and the Offer will be subject to certain conditions and regulatory requirements that need to be satisfied, including obtaining the necessary regulatory approvals and non-objections on the Private Transaction, as well as third party consents.

The Private Transaction will be executed as a negotiated deal in accordance with the Saudi Exchange’s (Tadawul) Trading and Membership Procedures at Completion of the Private Transaction.

The Company will announce any material developments in due course, including upon receipt of any formal offer-related documents. Upon submission of the Offer, the Company will take the required actions and will communicate with its shareholders accordingly.

Disclaimer: There can be no assurance that the Private Transaction will close and that an Offer will be completed. Shareholders are advised not to take any investment decisions based solely on this announcement until full details and the relevant regulatory documents are published.