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Addendum announcement from STC regarding the development of the contract signed for TV and digital broadcasting and the marketing sponsorships with the General Sport Authority and Saudi Arabian Football Federation

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Introduction Reference to the announcement of the Saudi Telecom Company (STC) (the company) published on Tadawul on 4/3/1440 H corresponding to 12 November 2018, concerning the signing of an agreement on 1 August 2018 corresponding to 19 Dhu al-Qi'dah 1439 AH, with the General Sport Authority and Saudi Arabian Football Federation for TV and digital broadcasting and the marketing sponsorships for a period of 10 years (2019/2018)
Date of Posting the Previous Announcement of Development on Tadawul's Website 2018-11-12 Corresponding to 1440-03-04
Change on the Development The company announces that the negotiations with the General Sport Authority and Saudi Arabian Football Federation on the revision of these agreements have been completed and accordingly the company decided not to continue those agreements because of their commercial feasibility in light of developments related to the mechanism of TV and digital broadcasting and the marketing sponsorships. The company is currently working to terminate those agreements.
Financial Impact on the change It is not expected to have a material impact.

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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