Addendum Announcement from Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) regarding the Company’s announcement on the reduction of its accumulated losses to 0% of the capital

Element List	Explanation
Introduction	With reference to the announcement published by the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) on Tadawul website on 12/07/2026 (corresponding to 27/01/1448) regarding the reduction of its accumulated losses to 0% of the Company's capital, the Company would like to clarify the following: The external auditor’s report attached to the previous announcement referred to the statement of financial position as of 31/03/2026 (corresponding to 12/10/1447). However, the date reflecting the reduction of the accumulated losses to 0% of the Company's capital is 29/06/2026 (corresponding to 14/01/1448), being the date on which the Extraordinary General Assembly approved the utilization of a portion of the Company's share premium amounting to SAR 224.974 million to eliminate the accumulated losses amounting to SAR 77.823 million, as reported in the interim condensed financial statements for the period ended 31/03/2026 (corresponding to 12/10/1447). Accordingly, the correct date reflecting the reduction of the accumulated losses to 0% is 29/06/2026 (corresponding to 14/01/1448). This update will be reflected, and disclosed in the Company's interim condensed financial statements for the second quarter of the fiscal year 2026.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website	2026-07-12 Corresponding to 1448-01-27
Hyperlink to the Previous Announcement	Click Here
Change on the Development	Correction of the date of the statement of financial position referred to in the external auditor’s report attached to the previous announcement regarding the reduction of accumulated losses to 0% of the capital. The correct date is 29/06/2026 (corresponding to 14/01/1448), which is the date of the Extraordinary General Assembly’s approval to utilize a portion of the share premium to eliminate the accumulated losses.
Financial Impact on the change	There is no financial impact, as the change is limited to correcting the date of the statement of financial position referenced in the external auditor’s report attached to the previous announcement, with no amendments to the previously disclosed financial figures.
Additional Information	This clarification will be reflected and disclosed in the Company's interim condensed financial statements for the second quarter of the fiscal year 2026.