Addendum announcement from Jazan Development Co. related to THE ANNUAL FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31-12-2013

Further to the announcement published on Tadawul's website on 24-02-2014 related to the annual financial results for the period ending on 31-12-2013 Jazan Development Co. announces addendum as that the reason for the decrease of net profit from SR 123,064,130 in the interim financial results for the period ending 31-12-2013 to SR 100,649,301 in the annual financial results for the period ending 31-12-2013 is basically due to the formation of provision for the reduction in the value of some investments and provision for bad debts in addition to the increase in the actual Zakat compared to the estimated provision for Zakat.