Saudi Arabian Oil Company announced its intention to issue international bonds pursuant to its Global Medium Term Note Programme in U.S. dollars. These bonds will be senior unsecured notes. Offer Type: The bonds will constitute U.S. denominated, direct, general, unconditional and unsecured obligations of the Issuer.

Date of the boards decision: 2021-12-20 Corresponding to 1443-05-16. Value of the offer: Amount is subject to market conditions. The Purpose of the offer: The net proceeds from each issue of bonds will be used by Saudi Aramco for general corporate purposes or for any other purpose specified in the Final Terms for a series of bonds.

Approvals: Bond issuance will be subject to the approval of the official authorities. In addition, it will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933, as amended. The stabilisation rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance.

Application will be made for the bonds to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such bonds to be admitted to trading on the London Stock Exchanges main market. Additional Information: Saudi Aramco has mandated Citi, Goldman Sachs International, HSBC, J.P. Morgan, Morgan Stanley and SNB Capital as Active Joint Bookrunners to organize a series of fixed income investor meetings commencing 03/01/1446H (corresponding to 09 July 2024G). Abu Dhabi Commercial Bank, anb capital, Bank of China, BofA Securities, BSF Capital, Emirates NBD Capital Limited, First Abu Dhabi Bank, GIB Capital, Mizuho, MUFG, NATIXIS, Riyad Capital, SMBC Nikko and Standard Chartered Bank have been mandated as Passive Joint Bookrunners.

The offering of the bonds will be limited to qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions.