Pursuant to the disclosure issued on 23 December 2024, and in accordance with the disclosure requirements of the Financial Services Authority and Muscat Stock Exchange, Shell Oman Marketing Company SAOG (the Company) would like to update its shareholders that it has continued to explore strategic opportunities relating to its petroleum products storage and supply facilities in Mina Al Fahal, Muscat.

Following the initial disclosure, the Company has progressed the process, including the appointment of external legal consultant and a financial advisor to manage a structured tender process and engage with interested local and regional parties from both the public and private sectors with number of offers received.

In light of recent developments impacting the region and the industry, as well as evolving market conditions affecting transaction dynamics and timing, the Company is currently reassessing its position with regards to these assets. This reassessment is being undertaken with due consideration to national interests, prevailing market conditions, operational sustainability, and the long-term creation and optimization of shareholder value.

As of the date of this disclosure, no binding agreement has been entered into, and no final decision has been made. The ongoing evaluation forms part of the Company’s broader review of its asset portfolio in alignment with its long-term strategic objectives.

The Company will disclose any material developments in due course in accordance with applicable regulatory requirements.