This notice is for information purposes only and does not constitute an invitation or offer to sell, or the solicitation of an offer to buy or subscribe for, any securities. This notice is not, and is not intended to be, an offer for sale of securities of the Trustee (as defined below), or the solicitation of an offer to buy securities of the Trustee, in the United States. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act, or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold within the United States except pursuant to an exemption under, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state or local securities laws. This notice and the information contained herein are not for distribution, directly or indirectly, in or into the United States. No public offer of the securities referred to herein is being or will be made in the United States.

RIYAD SUKUK LIMITED

            (incorporated in the Cayman Islands with limited liability)

NOTICE OF REDEMPTION TO THE HOLDERS OF THE U.S.$1,500,000,000 FIXED RATE

RESET TIER 2 TRUST CERTIFICATES DUE 2030 (ISIN: XS2120069047) ISSUED ON

25 FEBRUARY 2020 BY RIYAD SUKUK LIMITED UNDER THE

U.S.$3,000,000,000 TRUST CERTIFICATE ISSUANCE PROGRAMME

Riyad Sukuk Limited (the "Trustee") refers to the U.S.$1,500,000,000 Fixed Rate Reset Tier 2 Trust Certificates due 2030 (ISIN: XS2120069047) (the "Certificates") issued on 25 February 2020 by the Trustee under the U.S.$3,000,000,000 Trust Certificate Issuance Programme.

Terms used and not defined in this notice have the same meanings ascribed thereto in the terms and conditions of the Certificates (the "Conditions") read together with the applicable pricing supplement dated 20 February 2020 in relation to the Certificates.

In accordance with Condition 11.4 (Dissolution at the Option of the Trustee) of the Certificates, the Trustee hereby gives irrevocable notice to the holders of the Certificates that the Trustee has elected to, and will, redeem all of the outstanding Certificates on 25 February 2025 (the "Optional Dissolution Date") at the Optional Dissolution Amount (Call) (being 100 per cent. of the aggregate outstanding face amount of the Certificates) together with any accrued but unpaid Periodic Distribution Amounts from (and including) the immediately preceding Reset Certificate Periodic Distribution Date to (but excluding) the Optional Dissolution Date.

Upon such redemption (1) the Trust will terminate, the Certificates shall cease to represent undivided ownership interests in the Trust Assets and no further amounts shall be payable in respect thereof and the Trustee shall have no further obligations in respect thereof; and (2) the Certificates will forthwith be cancelled and de-listed from the London Stock Exchange plc's International Securities Market.

This notice is issued by the Trustee.

RIYAD SUKUK LIMITED

9 January 2025