THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF REGULATION (EU) NO 596/2014 AS IT FORMS PART OF THE UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (THE "EUWA").

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OF AMERICA, 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 OF AMERICA AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

ARADA DEVELOPMENTS LLC ANNOUNCES A TENDER OFFER TO PURCHASE EXISTING CERTIFICATES FOR CASH

Arada Developments LLC ("Arada") has today launched an invitation to holders of Arada Sukuk Limited's outstanding U.S.$411,702,000 in aggregate face amount of the U.S.$500,000,000 Trust Certificates due 2027 (ISIN: XS2471859251) (the "Existing Certificates") to tender such Existing Certificates for purchase by Arada for cash (such invitation being, the "Offer"), subject to the terms and conditions of the Offer described in a tender offer memorandum dated 20 October 2026 (the "Tender Offer Memorandum") and in accordance with the terms of the transaction documents of the Existing Certificates.

The Offer is subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum. Copies of the Tender Offer Memorandum are available, subject to registration and eligibility confirmation, from the Transaction Website: https://projects.sodali.com/aradatender. Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

Subject as set out herein, the aggregate face amount of the New Certificates (as defined herein) less U.S.$200,000,000

The offer commences on 20 October 2026 and will expire at 16:00 hours (London time) on 26 October 2026 (the "Expiration Deadline") unless extended, re-opened, withdrawn or terminated at the sole and absolute discretion of Arada. Tender Instructions, once submitted, may not be withdrawn except in the limited circumstances outlined in the Tender Offer Memorandum under the heading "Extension, Amendment and Termination".

The Offer is part of Arada's active management of its capital structure. The purpose of the Offer is, inter alia, to optimise Arada's cost of funding and its balance sheet whilst providing liquidity to investors.

Purchase Price and Due Periodic Distribution Amounts Payment

Subject to being offered for sale pursuant to the Offer and the Minimum Denomination, the Purchase Price per U.S.$1,000 in aggregate face amount of the Existing Certificates will be U.S.$1,000.