Yanbu National Petrochemical Company (Yansab) announces the preliminary financial results for the period ending at31/12/2009:

1.Realized net loss of (SR 7.3) Million for the 4th QTR 2009 compared to net loss of (SR 7.6) Million for the 4th QTR 2008 higher by 4% and net loss of (SR 7) Million for the 3rd QTR 2009 lower by 4%.

2.Realized net loss of (SR 29.2) Million for the 12 Months ending Dec 31, 2009 compared to net loss of (SR 25.6) Million for the same period in 2008 higher by 14%.

3.The per share loss for the 12 Months ending Dec 31, 2009 was (SR 0.052) compared to per share loss of (SR 0.045) for the same period in the previous year.

4.Increase in loss during the 12 Months ending Dec 31, 2009 is due to additional  General and Administrative expenses items. In addition, realizing loss is the norm for such a stage as all the gains or loss during this stage are classified as none operational.

This was stated by Mr. Mutlaq Al-Morished, Chairman of the Board (Yansab), Executive Vice President of  Finance (SABIC), noting that according to accounting standards in this regard, the net profit realized from sales have been deducted from the cost of the project.