Basic Chemical Industries Co. announces the latest developments on the latest developments of the chlorine production project in Jubail Industrial City

Further to our previous announcements, the latest of which was 22 March 2017 and published on Tadawul website, the company announces the following developments:

1- The Company has signed the supervision contract on the above project referred to with the company Worly Parsons Arabia Limited.

2 - The company obtained all approvals for electrical construction.

3. The Company anticipates that the first shipment of the project equipment will arrive from abroad in early 2018 in accordance with the contract, agreements and time schedules signed with the external supplier ThyssenKrupp Uhde Chlorine Engineers -Italia- S.r.l

4 - Note that the expected date of completion of the project in June 2020.

5. There is no change in project implementation costs.

The company will disclose any significant developments in this regard at the time.

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.