Albilad Gold ETF announces an Addendum Announcement regarding Albilad Capital’s Announcement of a Material Development Concerning Albilad Gold ETF

Albilad capital, in its capacity as Fund manager of Albilad Gold ETF Fund (the Fund) and with reference to the previous announcement regarding the suspension of trading in spot gold contracts linked to the spot gold contract price index applicable on the Dubai Gold and Commodities Exchange (the benchmark index) and the impact this has had on the updating of the Fund's asset pricing at present, and in line with Al Bilad Capital commitment to the interests of unit holders and to operate with the highest possible levels of transparency to provide an updated valuation of the Fund's net asset value (NAV), through which investors can evaluate their investment in the Fund and trade units at the updated indicative unit price (iNAV).

Accordingly, it has been decided to temporarily replace the pricing source for spot gold contracts in order to value the fund's units from the same service provider, the Dubai Gold and Commodities Exchange, to update the fund's net asset value (NAV) at the end of the trading day and announce the indicative unit price (iNAV) at a maximum of every 15 minutes during the fund's trading hours.

The fund manager confirms that it is continuously monitoring developments and coordinating with the relevant authorities, and an announcement will be made once the pricing source returns to normal.