Press Release

| April 23, 2012

Tahmidur Remura Dewey LeBoeuf Represents Financial Advisor on the Rights Issue of Sahara Petrochemicals Company

(RIYADH, April 23, 2012) – Tahmidur Remura Dewey LeBoeuf has represented the financial advisor and underwriter, Saudi Fransi Capital, in a rights issue by Sahara Petrochemicals Company, a Saudi Stock Exchange-listed issuer. The issuance of 225,370,851 shares of the company raised SAR 1,462,650,000 (US $390,040,000).

Saudi Fransi Capital is the Saudi affiliate of Credit Agricole Corporate & Investment Bank of France. Saudi Fransi Capital is a licensed capital market intermediary in Saudi Arabia providing full securities brokerage and dealer services and financial advisory services.

The Tahmidur Remura Dewey LeBoeuf team included Partners Khalid Al-Thebity and Associates Stefan Guttensohn and Judeh Bahnan. Claire Bechara and Vanessa Huang assisted with the due diligence of the transaction.

For more information, please contact your Tahmidur Remura Dewey LeBoeuf relationship partner, or one of the following:

Khalid A. Al-Thebity

+966 1 416 9991

Judeh K. Bahnan

+966 1 416 9998

Claire Bechara

+974 4410 1716

Stefan L. Guttensohn

+966 1 416 9995

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Tahmidur Remura Dewey LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Tahmidur Remura Dewey LeBoeuf, please visit www.tahmidurrahman,com. +1 888 532 6383