KSA

Our Practice in the Kingdom of Saudi Arabia:

0 Our Practice in the Kingdom of Saudi Arabia Our Firm PricewaterhouseCoopers (formerly known as Al Juraid & Company) is entitled to the benefits accruing to member firms such as: Access to technical resources Availability of industry expertise Training materials in both the global audit methodology and industry programs Participation in regional and global conferences Technology platforms Ability to provide service to clients in multiple jurisdictions PricewaterhouseCoopers ( www.pwc.com/middle-east ) provides industry-focused assurance, tax and advisory services for public and private clients. More than 161,000 people in 154 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders during FY 2010. “PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity . We help our clients solve complex business and operational problems, measurably enhance their corporate value, reduce their risk exposures and improve the performance of their business processes in a rapidly changing world . The success of our global network can be judged by the range of clients we serve on the different stock markets and market indices around the world. Saudi Arabian Practice Our Saudi Arabian practice was initially established in Al Khobar in 1979 in order to provide resident expertise and more timely service to our client, Saudi Aramco . We now have offices in the three principal business centers of the Kingdom of Saudi Arabia - Al Khobar / Dammam , Jeddah and Riyadh providing a full range of audit, tax and Zakat, and advisory services. Within the Kingdom of Saudi Arabia, our professional complement includes nearly 500 personnel. We provide a full range of services to our clients including accounting and auditing, consulting and income taxes and Zakat. Tax and Zakat services are rendered to both corporate and personal clients in the Kingdom of Saudi Arabia. We also draw on our broader Middle East practice which has over 2,300 professionals. We also have a number of PricewaterhouseCoopers professionals resident in the Kingdom on long-term assignment. We are also well versed in International Financial Reporting Standards (“ IFRS ”) and their close ties to the Saudi Standards. We also have a technical service agreement with PricewaterhouseCoopers. We believe this technical services agreement is unique, allowing us much greater and faster access to international expertise whenever our clients need it. We also regularly call on the expertise of other PricewaterhouseCoopers offices worldwide for assignments that require specialist expertise. Our Commitment to Saudi Arabia PricewaterhouseCoopers (formerly known as Al Juraid & Company), began its Saudization program in the mid- 1980’s . Since then we have hired a large number of Saudi nationals into our Firm, whose number has steadily grown from 2 to more than 70 Saudi professionals today. Today, our Firm PwC enjoys the benefit of many Saudi professionals working with us in all lines of services of our business.

Our Practice in the Kingdom of Saudi Arabia:

1 Our Practice in the Kingdom of Saudi Arabia The Saudi professionals who departed PwC over the years joined Saudi companies in significant finance, accounting and internal audit roles or are with other public accounting firms. Recently a number have been selected for the Saudi Government Scholarship Program. While PwC would prefer to have retained many of those individuals, the training and opportunities provided to these professionals has contributed to the overall Saudiazation effort of the Kingdom. All professional employees of PwC are encouraged to broaden their abilities as professionals through programs of continuing professional education and self-development. The firm recognizes its responsibility to provide educational materials and comprehensive training programs for developing competency in accounting, auditing, taxation, advisory and other related subjects. PwC’s training program includes in-house formal education, training outside the Kingdom, on-the-job training, and courses offered for the Saudi and U.S. certified public accounting examinations. In-house formal education focuses on the technical knowledge and skills needed by professional personnel, which provides for continuing development of knowledge in accounting, auditing, advisory and tax matters. Training outside Saudi Arabia includes seminars, conferences and workshops that cover a wide range of subjects including management skills as well as industry and functional specialties development. On-the-job training is an integral aspect of PwC’s professional development program and can be summarized as the application of formal education to practice under the supervision of seasoned, experienced professionals. PwC emphasizes training to assist professionals in attaining recognized professional qualifications such as the Saudi CPA and the U.S. CPA. A number of Saudi professionals in the firm have attained both licenses. PwC is committed to hiring and training Saudi nationals. The firm intends to continue to expand the hiring and training of Saudi nationals to replace non-Saudi professionals while delivering services to clients at a consistently high level. The goal is to remain in the forefront of Saudiazation within the accounting, advisory profession in the Saudi Arabia. Our Saudi Market Share Our breadth of experience is extensive. Our client list is impressive by any measurement. This includes our enormous commitment to top Saudi government entities like Saudi Aramco , Saudi Monetary Agency, the Public Pension Agency and the Saudi Fund for Development. Range of Services The major professional services which our offices in Saudi Arabia can offer are summarized on the next pages.

Our Practice in the Kingdom of Saudi Arabia - Assurance and Tax:

2 Our Practice in the Kingdom of Saudi Arabia - Assurance and Tax Assurance Services Auditing and Accounting Our auditing services consist primarily of examining clients’ financial statements with the objective of rendering an independent auditors’ opinion on them for use in Reports to shareholders, directors, trustees, government agencies, blended institutions and others. We take a constructive approach in serving our clients, blending technical knowledge with business insight and providing timely communication of financial and accounting developments to client executives. Audit work is planned around our concept of continuous, year-round service under which an audit team performs a substantial portion of the audit during periods prior to year-end. We believe that the combination of our firm’s broad experience, the capabilities of our personnel, and the resources backing them up allows us to make significant contributions to each client in the administration of its business affairs. System & Process Assurance (“SPA”) The complex nature and rapid expansion of today’s computer industry requires a team of highly skilled specialists who have the requisite knowledge and experience to serve our clients. Our SPA team comprises senior members of our Firm with international experience. They are based in the Kingdom and understand the local issues as well as maintaining regular contact with our international colleagues for the latest developments. Apart from supporting our external audit teams, our SPA specialists assist clients on numerous projects such as the pre-implementation and post-implementation reviews of computer systems, and the selection process for new accounting systems. Tax Services Saudi Zakat and Taxation Because of the many uncodified aspects of Saudi Arabian Zakat and tax regulations, the Zakat and tax liability of a business can depend, in part, on how and when certain information is presented. The Zakat and tax regulations of the Kingdom are constantly changing and are subject to considerable interpretation by the Saudi Zakat and tax authorities, Zakat/taxpayers and their advisors. Thus, one needs the experience of a firm that can provide advice and expertise that is reliable, intuitive and timely. We believe PwC has these desired characteristics. All of our partners, senior directors and managers are thoroughly familiar with the Zakat and Income Tax regulations of the Kingdom of Saudi Arabia. U. S. Taxation We are the only Firm in the Kingdom with the credentials to meet the emerging needs relating to United States taxation. In addition to the income tax return preparation and tax equalization services for personnel of our U.S. corporate audit clients, we provide such services for a number of U.S. corporations who are not our clients in the United States but desire the resident expertise.

Our Practice in the Kingdom of Saudi Arabia - Advisory:

3 Our Practice in the Kingdom of Saudi Arabia - Advisory We present herein a brief summary of our advisory services for information purposes. Deals We are well-known in the marketplace for our knowledge and experience in all types of financial transactions: Mergers and acquisitions We focus on the deal continuum from strategy through to post deal integration, including financial and operational due diligence, accessing the capital markets and valuing, negotiating and structuring deals. Strategic and valuation advice We provide independent expert valuation advice for your business; we evaluate the financial implications for example, of corporate debt, restructuring, investments, mergers and joint-ventures; we advise on better managing assets and large capital investments amidst increased competition, or in time of uncertainty; we evaluate technical, operational, market and financial risks. Growth or divestments and developing exit strategies Our specialists help you complete and extract the maximum value from your transactions. Performance Improvement Services PwC’s performance improvement services team are the local experts who can help Group's attain increased performance by improving the efficiency and effectiveness of key business operations. Using our local team's deep understanding of finance, risk management/compliance, IT systems, operations and human resources, we help our clients identify and implement cost saving initiatives, improve management and control, identify and manage risk and improve quality. We also use our proven experience and knowledge to provide hands-on assistance to improve financial under-performance and cash-flow management. We focus on financial effectiveness, IT effectiveness and governance, risk and compliance business operations, applying data, technology, change management and program effectiveness skills to address the challenges your business faces. Our deep industry skill and understanding ensures tailored solutions to support your response to increasing regulation, competition, risk and costs. We are also able to leverage our in-depth local proficiency with an extensive global network which includes over 8,000 professionals in approximately 90 countries worldwide.

Selected Saudi Arabian Clients During the Last Three Years:

4 Selected Saudi Arabian Clients During the Last Three Years General Saudi Telecom National Shipping Company of Saudi Arabia Juffali Tyres Company Magrabi Hospitals & Centers Co. Ltd. Resources Science Arabia Ltd. Saudi Science Applications, Inc. ArabSat Mitsubishi Corporation Carlo Gavazzi Arabia Co. Ltd. Haji Abdullah Alireza & Co. Ltd. Zain Jarir Marketing Co. IMPACT/BBDO International Limited Dow Jones Nokia Group Kudu Food Northrop Gruman Reuters Schlumberger Middle East S.A. Universal Motors Agencies Co. ltd . SACO Hardware Dr. Abdul Rahman Taha Bakhsh Hospitals Dr. Erfan & Bagedo General Hospital Hamadi Hospital (Al Hammadi Company for Development and Investment) Petroleum, Petrochemical and Mining Saudi Aramco Aramco Gulf Operations - AGOC Jeddah Oil Refinery Company (“ JORC ”) Arabian Chevron Saudi Aramco Mobil Refinery Company Ltd ( SAMREF ) Shell Overseas Ltd. Saudi Arabian Markets and Shell Lubricants Co. Ltd . Ma’aden Group National Petrochemical Industrial Co. ( NATPET ) Al Jubail Petrochemical Company Saudi Petrochemical Company Saudi European Petrochemical Company Eastern Petrochemical Company Groups of Companies Kingdom Holding El Seif Group of Companies Astra Industrial Group (AIG) Al Obeikan Group of Companies Alissa Group Savola Group of Companies Al Muhaidib Group of Companies Al Fozan Group Dabbagh Group of Companies Sara Group Abdulmousen Al Hokair Group SRMG Group Dallah Group of Companies Nesma Group of Companies Ismail Ali Abudwaood Group Amiz Group of Companies Huta Group Al Musbah Trading Group Al- Tuwairqi Group of Companies The Saudi Arabian Amiantit Group of Companies Saudi Consolidated Construction Company Construction Saudi Arabian Bechtel Company Daelim Industrial Saudi Arabian Saipem Ltd. Lucky Development Co. Saudi Techint Co. Ltd. Aker Kvaerner Gulf Company Ltd. Civil Works Company Ltd. Red Sea Housing Services Company R.B. Hilton Saudi Arabia Ltd. Cape Industrial Services Saudi Arabia Al Mabani General Contractors Co. Saudi Arabian Bechtel Saudi Techint Co. Aker Process Gulf Company Banking and Financial Services Samba Financial Group Al Rajhi Bank SAMBA Investment Funds JP Morgan Saudi Arabian Branch BNP Paribas - Saudi Arabian Branch BankMuscat Alinma Bank Dar Al- Maal Al- Islami Trust Arab National Bank Public Pension Agency The Saudi Investment Bank Bank AlBilad Banque Saudi Fransi Falcom Financial Services Tawuniya (The Company for Cooperative Insurance) Saudi Arabian Monetary Agency Saudi Fund For Development Malath Cooperative Insurance & Reinsurance Company Amana Cooperative Insurance Company MedGulf Saudi Government Pension Fund Islamic Development Bank Riyad Bank AXA Co-operative Insurance Company Trade Union Co-operative Insurance Company Manufacturing Saudi Iron and Steel Company ( HADEED ) Uniliver Arabia Limited Amiantit Group of Companies Al Ittefaq Group of Companies Saudi Diesel Company Al Safi Danone Company Limited Saudi New Zealand Milk Products Co. Ltd Saudi Diesel Equipment Company Ltd. Saudi Aramco Lubricating Oil Refining Co . ( Luberef ) Saudi Cable Company Arabian Gulf Manufacturing - Gulf maid John Crane Saudi Arabia Ltd. United Transformers Electric Company NALCO Saudi Arabia Co. Ltd. Dresser Rand Arabia

PricewaterhouseCoopers in the Middle East:

5 PricewaterhouseCoopers in the Middle East Established in the region for over 30 years, PricewaterhouseCoopers’ Middle East network covers 15 countries: Bahrain, Egypt, Iraq, Iran, Jordan, Kuwait, Lebanon, Libya, Oman, Palestine, Qatar, Saudi Arabia, Syria, the United Arab Emirates and Yemen. Complementing our depth of industry expertise and breadth of skills is our sound knowledge of local business environments across the Middle East. The Middle East team collectively provides assurance, advisory and tax services, supported as required by expertise from the larger global PwC network. The economies in the Middle East are transforming fast and growth expectations are as high as ever. Wherever you look there are opportunities to be grasped. Be it capital infrastructure projects, industrial diversification, new markets (or new channels to markets), energy, oil, gas, telecoms, aviation, financial services, retail, distribution or e-business, we have the knowledge and experience to know that our solutions will work and that what we advise, we can implement. We are involved with some of the leading businesses across the Middle East region, for instance: Our energy and mining group is the world's leading specialist in oil and gas in the region. We provide audit services to the world’s largest oil company (Saudi Aramco) and one of the world's largest natural gas companies. We provide audit and advisory services to over 70 banks and financial services organisations in the region and are a leading advisor to Islamic Banking groups. We work with and advise many of the largest telecommunications companies in the region. We are currently working on the largest value-added tax project in the Middle East. KSA Egypt Qatar UAE Kuwait Lebanon Libya Iraq Jordan Yemen West Bank Bahrain Over the years we have made great progress in developing and building our business with a list of clients the envy of any services organisation. We have done this by delivering innovative, forward thinking solutions to increasingly complex business problems, as our clients face challenging times, ever more competitive markets and massive technological change. We work with our clients to add value to their business through our involvement and by applying our energy, knowledge and experience from across the Middle East region. Oman

Executive Profile of PricewaterhouseCoopers:

Executive Profile of PricewaterhouseCoopers 6

Our Offices in the Kingdom of Saudi Arabia:

7 Our Offices in the Kingdom of Saudi Arabia RIYADH Office Locations: King Faisal Foundation Building, North Tower, 10 th Floor, King Fahd Road Kingdom Tower, 21 st Floor, King Fahd Road Mailing Address: P.O. Box 8282 Riyadh 11482 Telephone: (1) 465-4240 Fax: (1) 465-1663 AL KHOBAR Office Location: Al Hugayet Tower, 19 th Floor Mailing Address: P.O. Box 467 Dhahran Airport 31932 Telephone: (3) 849-6311 Fax: (3) 849-6281 JEDDAH Office Location: Jameel Square, 5 th Floor, Al Tahlia Street Mailing Address: P.O. Box 16415 Jeddah 21464 Telephone: (2) 610-4400 Fax: (2) 610-4411 Website : www.pwc.com/middle-east