Mobile Telecommunications Company Saudi Arabia (Zain) Board of Directors is pleased to invite its shareholders to attend the Ordinary General Meeting (OGM) that will be held on 28 May 2018 at 23:00 in the Media Center of Tadawul, King Fahd Road, Tawuniya Towers (Northern Tower), Riyadh, location link: https://goo.gl/maps/5dSCTTc9cCJ2 to consider the following agenda:

1. Vote on the Board of Directors report for the financial year ending 31 December 2017.

2. Vote on the auditor's report for the financial year ending 31 December 2017.

3. Vote on the financial statements for the financial year ending 31 December 2017.

4. Vote on appointing an external auditor for the Company among nominees based on the recommendation of the Audit Committee to review and audit the Company annual and quarterly financial statements from the second, third, fourth quarters and annual of the year 2018 and the first quarter of the 2019 and determine their fees.

5. Vote on the service contract between Zain KSA and Almarai Company where HH Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer, Chairman of Zain KSA has an indirect interest as he is a member of the Board of Directors of Almarai Company. For telecommunication services that reached a total value of SAR 973,260.76 during 2017, and to authorize it for the coming year, according to prevailing market commercial terms, without preferred conditions.

6. Vote on releasing the Board of Directors members from their liability for the financial year ending 31 December 2017.

7. Vote on a total remuneration of SAR 3,675,000 for the members of the Board of Directors and its committees for the financial year ending 31 December 2017, each Board member shall receive an amount of SR 375,000 and each committee member shall receive an amount of SAR 50,000.

Shareholders registered in the Company's register at the Securities Depository Center Company (Edaa) at the end of the trading session preceding the OGM shall be entitled to attend the meeting in accordance with policies and regulations. The OGM shall be valid if attended by shareholders representing at least one quarter of the company's share capital. If the quorum was not reached, the second meeting shall be held one hour after the end of the time set for the first meeting, and the second meeting shall be quorate irrespective of the number of shares represented.

Shareholders also have the right to delegate another person to attend by virtue of a written proxy, provided that it is not a member of the Board of Directors or an employee of the Company, and shall be certified by:

Chambers of Commerce and Industry when the shareholder is affiliated with one of them or if the shareholder is a company or legal entity.
One of the licensed banks or authorized persons in the Kingdom, provided that the shareholder has an account with the bank or the authorized person who is ratifying.
Notaries or persons authorized to notarize.
Shareholder or their proxy shall provide a copy of the power of attorney at least two days prior to the date of the OGM and send it to the address shown below, the proxy needs to present the original of the power of attorney before the OGM. All shareholders and proxies must bring their national identity.

Shareholders registered in the Tadawulaty Voting Services will be able to vote on the company's agenda starting on 24/05/2018 at 10:00 am and until 4:00 pm on the day of the OGM. Registration and voting through Tadawulaty is available for free to all shareholders using the following link: www.tadawulaty.com.sa

To send the proxy or any further inquiries please contact:

Investor Relations Department
Mobile Telecommunications Company Saudi Arabia (Zain)
P.O. Box 295814 Riyadh, 11351
Tel: +966-592448888
Fax: +966-11-4612441
Email: [email protected]