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Addendum announcement from MetLife AIG ANB Cooperative Insurance Co. related to the accumulated losses exceeding 50% of the Company's capital,

Further to the announcement published on Tadawul's website on 26-03-2018 and related to the accumulated losses exceeding 50% of the Company's capital and reaching 51.62% of capital, MetLife AIG ANB Cooperative Insurance Company would like to inform its esteemed shareholders that the Board of Directors was informed of this material development on Sunday evening 25/03/2018. Also, the Company would like to inform its esteemed shareholders that in accordance with Article 150 of the Companies Law, the Board of Directors must call, no later than 09/04/2018, for the Extraordinary General Assembly to convene maximum by 09/05/2018 in order to rectify the accumulated losses situation.

It is worth mentioning that if the Extraordinary General Assembly fails to convene before 09/05/2018 or fails to take a decision on the subject, the Company shall be dissolved by the force of law according to paragraph (b) of Article 150 of the Companies Law.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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