Imposition of a penalty

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 50,000 (Fifty Thousand Saudi Riyals) on Saudi Real Estate Co. due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) and clause (C) of Article (25) of the Listing Rules. The company announced the results of its 35th ordinary general assembly on Tadawul before less than two hours of the start of the trading period on Monday 02/04/2012.