ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE TRIAL PRODUCTION OF ITS JOINT VENTURE PDH PLANT IN SOUTH KOREA

Further to previous announcement published on Tadawul's website on October 25, 2015 regarding the mechanical completion of its Joint Venture PDH Plant for the production of Propylene in South Korea with a designed capacity of 600,000 Metric Tons per annum, Advanced announces that the PDH Plant of SK Advanced Co. Ltd. (SK Advanced) has started its trial production today Tuesday 15th March 2016 which will be subject to the performance test in accordance with the technology licensor and EPC contract, which will take one to three months to monitor and confirm the plant reliability and sustainability to operate on a commercial basis.

The financial impact of the above investment is expected after the commencement of commercial operation of the PDH Plant which is expected in second quarter of 2016.

Any additional updates will be announced later on.