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Addendum Announcement Regarding Restart Operations of Carbon Monoxide and Acetic Acid Plants

SIPCHEM 2310 0.46% 32.70 0.15

With reference to the previous announcement of the Saudi International Petrochemical Company (Sipchem) dated March 26, 2015 regarding ceasing production of the Carbon Monoxide (CO) Plant of the International Gas Company and the Acetic Acid Plant of the International Acetyl Company, known to be two affiliates of Sipchem, the company announces successful completion of regular scheduled maintenance works in the said plants, by Grace of Allah, and restart of operations on Sunday, April 26, 2015. The Company has taken all the necessary precautions regarding its obligations to customers during the cease period, which will have a financial impact of about SAR 18 million on the second quarter of this year. A lot of reparation and rehabilitation, however, has been applied on the two plants, which will surely have a positive impact on the performance of plants with respect to production and operational efficiency.

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