With reference to the announcement from Rabigh Refining & Petrochemical Co. (Petro Rabigh) on January 7, 2018 concerning the latest developments in the Rabigh Phase II Project, the company announces has achieved on-spec production at the Aromatics and Ethylene Propylene Rubber (EPR) Units on March 28, 2018.

With reference to what has been announced before that the Financial Impact of this on-spec production will be part of the companys financial results starting the first quarter of current year, instead, the financial impact will not be reflected on the company financials until both phases I and II are operationally integrated within Petro Rabigh Industrial Complex. The company will announce any subsequent developments in time.