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 Arabian Mining Company (MAADEN) due to its violation of sub-clauses (2) and (4) of clause (A) of the General Instructions to be taken into account by companies in their announcements  from the  Instructions for the Announcements of Listed Companies in the Saudi Stock Exchange. The company did not disclose when was the Diammonium Phosphate Factory (DAP) shut down and the duration it will stay closed. It also did not mention the expected financial impact from the shut down or the reason for that in its announcement on the Saudi Stock Exchange website (Tadawul) on 29/04/2013.