On 18 March 2024, National Central Cooling Company PJSC launched an invitation to holders of Tabreed Sukuk SPC Limited's outstanding USD 500,000,000 Trust Certificates due 2025 (ISIN: XS1843455103) to tender such Existing Certificates for purchase by Tabreed for cash, subject to the terms and conditions of the Offer described in a tender offer memorandum dated 18 March 2024. On 28 March 2024, Tabreed announced that the Expiration Deadline of the Offer was extended to 16:00 hours (London time) on 3 April 2024. Further to its announcements on 18 March 2024 and 28 March 2024, Tabreed hereby confirmed that as at 16:00 hours (London time) on 3 April 2024, being the Expiration Deadline for the Offer, it had received valid Tender Instructions in respect of USD 200,688,000 in aggregate face amount of Existing Certificates.

Tabreed intends to exercise its right, as described in the Tender Offer Memorandum, to increase the Maximum Acceptance Amount to USD 200,688,000, being the Final Acceptance Amount, and accept for purchase all validly tendered Existing Certificates in full without pro-ration. Tabreed expects settlement of the Offer to take place on 5 April 2024.