NOT FOR DISTRIBUTION: (A) IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED BELOW); OR (B) IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

23 June 2026

BBG SUKUK LTD ANNOUNCES EXTENSION OF ELECTRONIC CONSENT DEADLINE

BBG SUKUK LTD

(Incorporated in the Cayman Islands as an exempted company with limited liability)

(LEI: 549300URWP4TDNWJXN62)

(the "Trustee")

On 10 June 2026, the Trustee announced an invitation to holders of the Certificates ("Certificateholders") to approve, inter alios, certain modifications to the terms and conditions of the Certificates (the "Conditions") to reflect the proposed re-domiciliation of the Trustee from the Cayman Islands to the Qatar Financial Centre, as further described in the consent solicitation memorandum dated 10 June 2026 (the "Consent Solicitation Memorandum") (such invitation in respect of the Certificates, the "Consent Solicitation"). Capitalised terms used herein and not otherwise defined shall have the meanings given to them in the Consent Solicitation Memorandum.

Extension of the Electronic Consent Deadline

The Trustee hereby announces that, pursuant to the terms and conditions set out in the Consent Solicitation Memorandum, it has extended the Electronic Consent Deadline from 4:00 p.m. (London time) on 22 June 2026 to 4:00 p.m. (London time) on 25 June 2026 and references in the Consent Solicitation Memorandum to the Electronic Consent Deadline will be deemed to be amended accordingly. For the avoidance of doubt, all other terms and conditions of the Consent Solicitation and the Consent Solicitation Memorandum (including, but not limited to, the Expiration Deadline) remain the same.

As such, the deadline for receipt by the Information and Tabulation Agent of valid Electronic Voting Instructions from Certificateholders wishing to participate in the Electronic Consent is 4:00 p.m. (London time) on 25 June 2026 (being the Electronic Consent Deadline as hereby amended).

Any such Electronic Voting Instructions will be used for the purposes of the Electronic Consent and, if Electronic Consent is not granted, will automatically be treated as a voting instruction for the Meeting (without any further action required by such Certificateholder), as described further in the Consent Solicitation Memorandum. For the avoidance of doubt, all valid Electronic Voting Instructions submitted prior to the date of this announcement will, in accordance with the terms and conditions of the Consent Solicitation Memorandum, remain valid with no further action required. 

If Electronic Consent is not granted by the Electronic Consent Deadline (as hereby amended), the Extraordinary Resolution will be considered at the Meeting to be held at the offices of Clifford Chance LLP at 10 Upper Bank Street, London E14 5JJ at 9:00 a.m. (London time) on 2 July 2026. Any valid Electronic Voting Instructions submitted before the Electronic Consent Deadline (as hereby amended) will remain valid and will constitute instructions to the Registrar to appoint one or more representatives of the Information and Tabulation Agent as proxy to attend and vote at the Meeting in accordance with such Electronic Voting Instruction. In such circumstances, Certificateholders may continue to submit Electronic Voting Instructions up to the Expiration Deadline (being 4:00 p.m. (London time) on 29 June 2026).  

Certificateholders who do not wish to participate in the Consent Solicitation by way of Electronic Voting Instruction may appoint a proxy, other than the Information and Tabulation Agent, or make other arrangements to attend in person, or be represented at, and/or vote at the Meeting by following the procedures outlined in the Notice of Circulating Extraordinary Resolution by Electronic Consent and of Meeting before the Expiration Deadline.

Certificateholders are advised to check with any bank, securities broker or other intermediary through which they hold Certificates when such intermediary would require to receive instructions from a Certificateholder in order for that Certificateholder to be able to participate in, or (in the limited circumstances in which revocation is permitted) revoke their instruction to participate in, the Consent Solicitation before the deadlines specified above. The deadlines set by any such intermediary and each Clearing System for the submission of Electronic Voting Instructions will be earlier than the deadlines specified above.

Before making a decision with respect to the Proposal, Certificateholders should carefully consider all of the information in the Consent Solicitation Memorandum and, in particular, the risk factors described in the section entitled "Risk Factors and Other Considerations" therein.

Further information

A complete description of the terms and conditions of the Consent Solicitation is set out in the Consent Solicitation Memorandum. A copy of the Consent Solicitation Memorandum is available to Certificateholders on the Transaction Website (https://projects.sodali.com/dukhanbank), subject to registration, and can be obtained from the Information and Tabulation Agent.

Further detail about the Consent Solicitation can be obtained from:

The Solicitation Agent

Standard Chartered Bank
7^th Floor Building One, Gate Precinct

Dubai International Financial Centre

P.O. Box 999

Dubai

United Arab Emirates

Telephone: +44 20 7885 5739

Attention: Liability Management Group

Email: [email protected]

The Information and Tabulation Agent

Sodali & Co Limited

The Leadenhall Building

122Leadenhall Street

London, EC3V 4AB

United Kingdom

Telephone: +44 20 4513 6933

Email: [email protected]   

Transaction Website: https://projects.sodali.com/dukhanbank

Distribution Restrictions

This announcement and the Consent Solicitation Memorandum do not constitute an offer or an invitation to participate in the Consent Solicitation in any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such offer or invitation under applicable securities laws. The distribution of the Consent Solicitation Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession the Consent Solicitation Memorandum comes are required by each of the Trustee, the Bank, the Solicitation Agent, the Delegate and the Information and Tabulation Agent to inform themselves about, and to observe, any such restrictions.