Arada Sukuk Ltd - Results of Tender Offer

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF REGULATION (EU) NO 596/2014 AS IT FORMS PART OF THE UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (THE "EUWA").

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

1 August 2025

ARADA DEVELOPMENTS LLC ANNOUNCES RESULTS AND ACCEPTANCE OF TENDER OFFER

On 24 July 2025, Arada Developments LLC ("Arada") launched an invitation to holders of Arada Sukuk Limited's outstanding U.S.$500,000,000 Trust Certificates due 2027 (ISIN: XS2471859251) (the "Existing Certificates") to tender such Existing Certificates for purchase by Arada for cash (such invitation being, the "Offer"), subject to the terms and conditions of the Offer described in a tender offer memorandum dated 24 July 2025 (the "Tender Offer Memorandum").

Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

As of the Expiration Deadline, being 16:00 (London time) on 31 July 2025, U.S.$88,298,000 of the Existing Certificates have been validly tendered in the Offer.

Arada intends to exercise its right as described in the Tender Offer Memorandum, to accept for purchase an aggregate face amount of Existing Certificates that is up to the Maximum Acceptance Amount of U.S.$88,298,000, being the Final Acceptance Amount, and accept for purchase all validly tendered Existing Certificates in full without pro-ration.

Subject to the satisfaction of the conditions of the Offer (including the New Certificates Condition), Arada expects settlement of the Offer to take place on 5 August 2025.

Dealer Managers

Tender and Information Agent

 DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire or exchange any securities is being made pursuant to this announcement.

This announcement is released by Arada Developments LLC and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of the United Kingdom domestic law by virtue of the EUWA ("MAR"), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it forms part of the United Kingdom domestic law by virtue of the EUWA, this announcement is made by Mr. Shimmy Mathew, Group Chief Financial Officer of Arada Developments LLC.