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Corrective Announcement from Swicorp Company Regarding Swicorp Company Announces an Invitation to Attend the Meeting of Unitholders ( First Meeting ) of Swicorp Wabel REIT Fund

Date of the Previous Announcement: 2021-08-29 Corresponding to 1443-01-21

URL of the Previous Announcement: Swicorp Company Announces an Invitation to Attend the Meeting of Unitholders ( First Meeting ) of Swicorp Wabel REIT Fund – Swicorp Wabel REIT

The Misstatement in the Previous Announcement: Correction to Swicorp’s announcement published on 21 Muharram 1443H, corresponding to August 29, 2021G, Swicorp wishes to clarify the correction of the following clause of its previous announcement:

(2)Ordinary Fund resolution: If the unitholders and Capital Market Authority (CMA) agree to remove the Fund manager in accordance with above special fund decision, vote to delegate two of the following names:

-Faisal Mohammed AlAbdulkarim.

-Mohammed Abdullah Al Nemer.

-Eng. Fahad Suleiman Aldahayan

to negotiate with an alternative fund manager and the duration of finding and negotiation shall not exceed 60 calendar days from the date of approval by the Capital Market Authority

The Correction of the Misstatement : The correct clause should read as follows:

(2)Ordinary Fund resolution: If the unitholders agree to remove the Fund manager, to vote on the delegation of two of the following names:

-Faisal Mohammed AlAbdulkarim.

-Mohammed Abdullah Al Nemer.

-Eng. Fahad Suleiman Aldahayan

to find and negotiate with a replacement fund manager and resume the fund’s operations, provided that the finding and negotiating period must not exceed 60 calendar days from when the decision to appoint a party in charge of finding and negotiating is issued.

The Impact Caused by the Misstatement: There is no financial impact resulting from this corrective announcement.

Additional Information: Swicorp wishes to point out that the meeting will take place on the previously announced date, and the electronic voting will be available for the unitholders who are registered in Tadawulaty’s electronic website through the following link https://login.tadawulaty.com.sa/ir where the voting will start from Saturday10:00 AM on 04/02/1443H corresponding to 11/09/ 2021G until Wednesday 6:00 PM on 08/02/1443H corresponding to 15/09/2021G.

For any inquiries related to the meeting agenda, please do not hesitate to contact the representatives of the Fund Manager by phone number: (+966 11 211 0733) or e-mail: wabelreit@swicorp.com

The Quorum required to conduct the meeting shall consist of unit holders holding together at least 25% in value of units, registered in the register of unitholders at the Securities Depository Center (Depository Center) at the end of the trading session preceding the meeting of unitholders.