JEDDAH, 24 July 2006 — The board of directors of Savola Group has recommended to increase the group’s capital from SR3 billion to SR3.75 billion through granting one free share for every four shares held. This increase will be covered by transferring of SR750 million from share premium reserve to company share capital. Thus, the group’s shares will increase from 300 million shares to 375 million shares. The board, during their meeting on Saturday, also approved a distribution of second quarter dividends of (SR0.25 per share) for all shares.

