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BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE APPOINTMENT OF AN AUDIT COMMITTEE MEMBER

Bupa Arabia for Cooperative Insurance Co. announces the approval of its Board of Directors, on 29/05/2018G, of the recommendation of the Nomination and Remuneration Committee, to appoint Mr. Sulaiman Naser AlHatlan Alkahtani, as member of the Bupa Arabia Audit Committee, as an independent member from outside of the Board, effective 01/06/2018G, to complete the current office term of the Committee, which ends on 30/06/2019G.

The appointment of Mr. Sulaiman Naser AlHatlan Alkahtani is as an additional Audit Committee member thereby increasing the total size of the Audit Committee membership to four members.

Mr. Sulaiman Naser AlHatlan Alkahtani holds a Master of Science Degree in Accountancy, from the San Diego State University, USA, obtained in 1998, and a Bachelor's Degree in Accounting, from the King Saud University, obtained in 1994, has extensive Board and Committee membership experience in Saudi Arabia, and is currently an Audit Committee member in a variety of Companies.

It should be noted that this new Audit Committee member appointment is subject to the approval of the public shareholders in a future General Assembly meeting and which General Assembly meeting date will be advised at a later date.

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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