ZAIN SIGNS SAR 2.25BN CREDIT AGREEMENT

Mobile Telecommunications Company Saudi Arabia announces it has completed today dated 5/6/2013 a new SAR 2.25 billion long-term borrowing facility with three years maturity.

This facility was provided by a syndicate of four banks including Arab National Bank, Banque Saudi Fransi, Gulf International Bank B.S.C. and Samba Financial Group.

This facility is subordinated to the main Murabaha Facility amounting to SAR 9 billion, and will benefit from an unconditional and irrevocable guarantee by Mobile Telecommunications Company K.S.C (Zain Group).

The proceeds of this new facility will be utilized to repay the previous one indicated in the Companys announcement on Tadawul website dated 12/4/2011, and the principle amount will be repaid in one bullet payment at the maturity date.