All-new role for Executive Management Team, meeting demands of company expansionTabreed’s Human Capital department also in spotlight following impressive award wins Abu Dhabi, United Arab Emirates – 28 November 2022: Tabreed, the UAE’s leading district cooling provider, today announced that its Board of Directors has appointed Dr Yousif Al Hammadi as Chief Asset Management Officer – an all-new role for the company – with effect from 1 December 2022. Having closely analysed its future business requirements, Tabreed’s Executive Management Team and Board of Directors agreed to create a new, dedicated function, to manage the company’s assets, accounts, and customer relationships, led by a Chief Asset Management Officer. Khalid Abdullah Al Marzooqi, Tabreed’s Chief Executive Officer, said of the appointment: “In recent years, Tabreed’s business portfolio and client base have dramatically increased in size and scope. Any company that grows needs to adapt, if it is to maintain healthy and productive relationships with its clients and business partners, and Tabreed is no exception.” He added: “This is a resilient and dynamic company that stays ‘ahead of the curve’ by being ready and quick to meet constantly shifting business demands. Tabreed’s vision and long-term strategic business plan includes regional and international expansion, and Dr Yousif’s appointment means we have a highly experienced industry veteran overseeing the vitally important relationships we have with our clients. Everyone in the company congratulates him on this new position.” Dr Yousif Al Hammadi joined Tabreed in 2014 and has held various positions, including Executive Vice President – Key Stakeholders, Asset Management and Government Relations, Head of Business Development, and Senior Vice President – Projects, in which he proved to be a crucial part of Tabreed’s success across the region. Since 2020, Dr Yousif Al Hammadi has served as Managing Director of Downtown DCP LLC (DDCP), which is a partnership between Tabreed and Emaar, leading operations and facilitating growth in key areas of Dubai. Before joining Tabreed, he was Vice President of Mubadala’s Construction Management Unit, where he helped deliver key projects in Abu Dhabi, including Zayed University, Paris Sorbonne University, Rosewood Hotel and New York University. Earlier in his career, Dr Yousif Al Hammadi also worked for esteemed organisations such as ADNOC and Ministry of Interior in the UAE.Tabreed’s Human Capital department has also been in the headlines, having been the recipients two prestigious industry accolades: the GCC GOV HR Award for ‘HR Team of the Year 2022’ and The Future Workplace Awards’ ‘HR Team of the Year’. Al Marzooqi, commenting on these wins, said: “These awards are hotly contested, with stiff competition from other highly regarded organisations, and are received on merit after lengthy and detailed deliberations of comprehensive submissions. Everyone at Tabreed benefits from the tireless work of our HC colleagues, and we could not be prouder of their achievements with these prestigious awards. This company has a well-deserved reputation for putting its people first and, being recognised and rewarded for accomplishments in Human Capital, by our peers, is particularly humbling.”

Connected Capacity and profits increase, while Tabreed expands its international presenceThird quarter saw changes to Foreign Ownership Limits and major new deal signing in Egypt Abu Dhabi, United Arab Emirates – 15 November 2022: Tabreed, the UAE’s leading district cooling provider, yesterday released its consolidated financial results for the first nine months of 2022, reporting an EBITDA of AED 912 million – an 18% increase over the same period last year – and a net profit of AED 400 million, representing a 3% increase. During the past three months, Tabreed made two significant announcements. On 13 September, it was confirmed that shareholders voted to harmonise with recent UAE changes to commercial law by increasing its Foreign Ownership Limit (FOL) to 100% – a strategically important move that increases flexibility and ensures the best possible share marketability. The following day, on 14 September, Tabreed signed an agreement with EHCS (Egyptians for Healthcare Services Company), to design, build and operate an expansive district energy plant to supply cooling and heating to CapitalMed, an all-new healthcare city project by EHCS in Cairo. This is the second major deal announcement in Egypt by Tabreed since the company entered this new market in February 2022. Additionally, and consistent with Tabreed’s progress throughout 2022, the third quarter saw new connections added in the UAE, Oman and Bahrain, increasing the company’s total connected capacity to 1,258,201 Refrigeration Tons (RT). Financial highlights – nine months ended 30 September 2022:   Group revenue increased by 13% to AED 1.66 billion (Q3 2021: AED 1.46 billion)EBITDA increased by 18% to AED 912 million (Q3 2021: AED 776 million)Net profit attributable to the parent increased by 3% to AED 400 million (Q3 2021: AED 388 million) Operational highlights – nine months ended 30 September 2022:          Total connected capacity reached 1,258,201 Refrigeration Tons (RT)48,106 Refrigeration Tons (RT) of new customer connections added, with load additions of 28,403 RT in the UAE, 19,203 RT in Oman and in Bahrain were increased by 500 RTTabreed achieved a record 16,382,176 hours worked without a single lost time incident (LTI), the most recent occurring in July 2015 Commenting on the company’s Q3 results, Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, said it had been a strong nine months for the company. “Throughout 2022, Tabreed has achieved important international growth, elevated public awareness, and accomplishment of long-term strategic goals. These third quarter results show not only Tabreed’s resilience but also the wisdom of its organic and sustainable approach to growth – it is truly an exceptional UAE company.” He continued: “Tabreed continues to post record profits and has a consistently strong balance sheet, evidenced by Fitch’s updated rating outlook of “stable” and affirmed at BBB. Building on this momentum, both regionally and internationally, we will continue to establish new client relationships, engage in long term alliances and expand our portfolio, further solidifying our already stellar reputation for operational excellence.” Khalid Abdulla Al Marzooqi, Tabreed’s Chief Executive Officer, added: “With these impressive third quarter results, Tabreed continues to demonstrate its impeccable credentials as a business that is secure for its stakeholders, investors, employees, and the environment. We are constantly seeking new collaboration opportunities with other progressive businesses that share our core principles, and we have exciting plans for the future, with an increasingly diverse array of services that will bolster our position as the industry leader.”

Deal will see Tabreed build and run bespoke new plant to supply essential, sustainable district energy services to CapitalMed, Cairo’s prestigious new healthcare city Abu Dhabi, United Arab Emirates – 14 September 2022: Tabreed, the UAE’s leading district cooling provider, yesterday officially signed an agreement with developer, Egyptians for Healthcare Services (EHCS), to provide essential district energy services to CapitalMed, its all-new healthcare city megaproject. Strategically located in Badr City, CapitalMed is near to Central Cairo, New Cairo and Egypt’s New Administrative Capital City, which is planned to be constructed over four phases. Once completed, CapitalMed will be a state-of-the-art, smart medical city, hosting patients not only from Egypt but also from across the Middle East, Africa and the rest of the world. It will include 700 ICUs, 70 Operating Rooms and more than 15,000 multi-disciplinary health care providers offering nearly 100 specialities. The scale of the CapitalMed project is impressive but wholly necessary, with a population of five million-plus within a 20-minute radius, and 20 million-plus within a 90-minute radius. The new city will also benefit from direct, unrestricted access to- and from major national highway networks, as well as convenient access from Cairo International Airport, just 20 minutes away. Tabreed is to fund, construct and operate a bespoke district energy plant, designed in conjunction with Shaker Consultancy, to meet the cooling and heating demands for this prestigious project, with 19,500 Refrigeration Tons (RT) of cooling required for Phase 1 and a concession of between 28- and 30,000 RT for the entire development. Phase 1A will see 7,500 RT installed, 12 MW of space heating to be provided by hot water boilers, and associated energy services supplied to all buildings providing a full, end-to-end long-term solution. The signing ceremony, held in Cairo’s Badr University, was attended by senior members of Tabreed’s Executive Management Team and Tabreed’s new Egypt office, including recently appointed Country Manager, Heba Kamal, with Dr. Hassan El Kalla, EHCS’s Chairman and Managing Director, and other senior figures from the company and CapitalMed. Following the ceremony, Eng. Khalid Abdulla Al Marzooqi, Tabreed’s Chief Executive Officer, said: “Tabreed only entered the Egypt market in February this year, following the announcement of our project at Cairo’s new D5M mall. I said then that commencing operations in Egypt was an important strategic move that’s part of our long-term plans for sustainable growth beyond our traditional geographic borders, and this new signing with EHCS shows how committed Tabreed is when it comes to expansion. “We are always seeking new opportunities with other forward-thinking organisations aligned with our key values, and this new development is no exception. EHCS and Tabreed will work extremely well together, sharing common goals of maximum efficiency and a relentless pursuit of operational excellence. Our operations prevent the release of millions of tons of greenhouse gas emissions and we are a force for good in communities all over the Middle East and beyond. I know I speak on behalf of everyone at Tabreed when I say that we look forward to a very long and fruitful presence in Egypt, as we bring our unrivaled expertise to such an exciting, dynamic and promising market.” Also commenting after the signing, EHCS’s Chairman and Managing Director, Dr. Hassan El Kalla, said that Tabreed was the ideal district energy company for a project such as CapitalMed. “From the very beginning,” he remarked, “we have ensured that every aspect of this incredible project is future-proof, with efficiency and sustainability at its core. Tabreed’s experience and expertise in district energy is renowned the world over, and we are thrilled to have a company of its stature providing us with reliable and technologically advanced services.” “CapitalMed is truly state-of-the-art – a smart, green development like no other – and will include a University Hospital Centre, a Doctors’ Plaza, Simulation Centre and Virtual Hospital. It will be home to Institutes of Precision Medicine, Transplant, Rehab, Cosmetics and Wellness, Trauma and Emergency, as well as Research and Development of Advanced Health & Medicine. This will be a world-class centre for medical education, too, offering highly specialised services guided by the most advanced technology, all of which will require district cooling and heating services that meet the most stringent standards. I am pleased to say we have found that in Tabreed and we eagerly anticipate a most rewarding collaboration between our organisations.”

The UAE’s original district cooling company aligns with recent UAE reforms to commercial lawMove will potentially encourage more overseas investment and assist future growth Abu Dhabi, United Arab Emirates – 13 September 2022: Tabreed, the UAE’s leading district cooling provider, held a General Assembly on 12 September 2022, chaired by Tabreed’s Chairman, Khaled Abdulla Al Qubaisi, during which shareholders voted to amend Article (7) of the company’s Articles of Association to allow 100 per cent foreign ownership. Previously the limit had been set at 49 per cent, in line with UAE law stipulating that foreign companies could operate onshore in the UAE only with a UAE national or wholly owned UAE company owning 51 per cent of the share capital. Following the conclusion of the General Assembly, Al Qubaisi said this was a landmark development for Tabreed. “This company is renowned the world over for its expertise and unrivalled experience in the district cooling industry,” he remarked, “so, it makes perfect sense to adapt and modernise in line with developments in UAE company laws. This will provide greater opportunities to benefit from foreign investment as Tabreed continues on its path of sustainable growth.” “Tabreed is a hugely valuable company to Mubadala, which has been the majority shareholder since 2011, and what this revision to the Articles of Association does is maximise flexibility and ensure optimum share marketability, in turn making Tabreed’s future more secure than ever.” Also commenting on this development, Tabreed’s Chief Executive Officer, Eng. Khalid Abdulla Al Marzooqi, said: “At Tabreed we pride ourselves on our agility as an organisation, always seeking ways to streamline operations, improve efficiency and apply the highest standards in everything we do. As a result, we provide our shareholders with exceptional stability and high returns and being able to increase foreign ownership of Tabreed’s shares is an important step in unleashing the company’s full potential. “We have a robust and healthy balance sheet and continue to post record profits, while growing the company’s portfolio of assets and services, ably demonstrated by Fitch’s revised rating outlook to ‘Stable’ and affirmed at BBB. Tabreed’s unwavering commitment to its investor relations can only benefit by today’s announcement, which further solidifies our reputation as a truly progressive UAE company.”

UAE’s original district cooling and energy services provider goes from strength-to-strengthRevenue and profits boosted by portfolio expansion during 2021Abu Dhabi, United Arab Emirates – 27 July 2022: Tabreed, the UAE’s leading district cooling provider, yesterday released its consolidated financial results for the first six months of 2022, reporting a net profit of AED 240.4 million – an increase of 3% compared to its H1 2021 performance. Starting the year as it means to go on, Tabreed practically doubled the size of its concession capacity in Oman with the acquisition of the district cooling plant that services Al Mouj, the Sultanate’s most prestigious new real estate development. Tabreed’s portfolio in Oman now includes seven plants and Al Mouj represents the company’s biggest project there, evidence of its desire to drive further investment in this important territory. Building on the expansion earlier in the year in the UAE, Bahrain and Oman, new connections were added in the emirates during the second quarter of 2022, increasing Tabreed’s total connected capacity to 1,241,331 Refrigeration Tons (RT). Other notable developments during the first six months of 2022 were the company’s high-profile presence, participation and partnership with the inaugural World Utilities Congress at Abu Dhabi’s National Exhibition Centre and the commencement of operations in Egypt, heralding an exciting new phase for Tabreed as it enters markets and territories beyond its historical boundaries. Financial highlights – six months ended 30 June 2022:   Group revenue increased by 12.3% to AED 975.7 million (H1 2021: AED 869.0 million)EBITDA increased by 13.9% to AED 589.3 million (H1 2021: AED 517.6 million)Net profit attributable to the parent increased by 3.0% to AED 240.4 million (H1 2021: AED 233.5 million) Operational highlights – six months ended 30 June 2022:          Total connected capacity reached 1,241,331 Refrigeration Tons (RT)31,235 Refrigeration Tons (RT) of new customer connections added, with load additions of 12,435 RT in the UAE, 18,300 RT in Oman and in Bahrain were increased by RT 500 to reach RT 33980Tabreed achieved a record 15,784,821 hours worked without a single lost time incident (LTI), the most recent occurring in July 2015 Commenting on the company’s H1 results, Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, said: “It’s another remarkable result for Tabreed but not at all surprising, as the carefully considered and planned trajectory for this incredible pillar of UAE industry is coming together precisely as we envisaged. It has been a remarkable six months of geographical expansion, increased public awareness and making good on long-term objectives. These excellent financial results follow hot on the heels of Tabreed publishing its highly anticipated 2021 ESG Report, which demonstrates the company’s continuous, laser-like focus on benefiting stakeholders, staff and communities alike. As Tabreed’s Chairman I am proud of its relentless commitment to quality and know it will go from strength-to-strength over the coming months and years.” Eng. Khalid Abdulla Al Marzooqi, Tabreed’s Chief Executive Officer, added: “We are now seeing the benefits and reaping the rewards of Tabreed’s portfolio expansion during 2021, particularly with our 100 percent acquisition of the hugely important plant exclusively servicing Al Maryah Island in Abu Dhabi. The first half of 2022 is an accurate indication of where this remarkable company is heading and, in the near future, we will see other long-term strategic plans and investments come to fruition. Tabreed is the UAE’s original district cooling company and its expertise is simply unrivalled anywhere in the world. We play a very positive role in this country’s drive for sustainability and that’s the best possible news for our investors, our people and our ever-expanding client base.”

Collaboration is part of Tabreed’s Big Data strategySoftware will fully automate operation of the world’s largest district cooling scheme Abu Dhabi, United Arab Emirates – 24 May 2022: Tabreed, the UAE’s pioneering District Cooling company, and ENGIE Digital, have extended their partnership with the implementation of Nemo, ENGIE’s operations software, in the 235,000 refrigeration ton (RT) capacity Downtown Dubai network. In recent years, Tabreed has invested heavily in revamping its IT infrastructure as part of the company’s digital transformation and big data strategy and is capitalising on data generated over decades of operating district cooling plants and networks. Thanks to state-of-the-art IT infrastructure and the vast amounts of data readily available, Tabreed is able to achieve what is considered a breakthrough in district cooling by setting up a fully autonomous operation in the Downtown Dubai District Cooling Scheme, which is the largest of its kind anywhere in the world. Data driven intelligent algorithms are able to forecast customer demand and make all operation related decisions, such as chilled water flow, temperature set points, equipment sequencing and network mix, optimising energy and water consumption and removing human error from operations. In addition to the environmental benefits of this project, early testing has proved a remarkable decline in equipment downtime and improved cooling supply security. These improvements result from early failure detection and swift action of artificial intelligent algorithms that are able to divert flow and change mix on chilled water networks in a fraction of a second. Atef Al Breiki, Senior Vice President of Operations at Tabreed, explained that one of the main factors that positions the company as the region’s leader in district cooling is that it has been operating longer than anyone else. “Over the past decades, Tabreed has accumulated unparalleled district cooling engineering and operations expertise, generating massive amounts of OT and business process data,” he said. “Tabreed has implemented a digital strategy, investing in its IT infrastructure and OT side systems to unlock value from its legacy and long track record in the business. The collaboration with ENGIE Digital and success of Nemo integration is a direct result of this strategy.” Al Breiki added: “This project is the first of its kind, designed to ensure that our business model is future proof. With such programmes we continue to create value for all stakeholders and benefit society at large, further solidifying Tabreed’s position as the region’s leading district cooling provider.” Igor Rocca, Nemo Project Lead at ENGIE Digital, agreed, saying: “This partnership with Tabreed is a phenomenal milestone for Nemo, ENGIE’s digital DHC-dedicated platform, and we are honoured to be supporting Tabreed in their drive for continuous improvement and operational efficiency at the Downtown Dubai cooling network. The successful implementation of Nemo has propelled us and given us motivation to keep on enhancing our platform and better supporting our partners. All Nemo teams are fully committed to bring the maximum value possible to Tabreed.” Tabreed acquired an 80% stake in the Downtown Dubai district cooling network from Emaar Properties in April 2020. The world’s largest district cooling network, it comprises four interconnected district cooling plants with a combined connected supply of 160,145 RT of cooling connected to 80 buildings. Through its energy efficiency, the network prevents 205,000 tons of CO2 from entering the atmosphere each year – equivalent to removing 44,500 cars from the roads. Tabreed’s Downtown Dubai network supplies cooling to many of the world’s most iconic buildings and venues, including the Burj Khalifa, The Dubai Mall, Dubai Opera and other landmark residential, commercial and hospitality developments. For more updates from Tabreed, visit www.tabreed.ae

Abu Dhabi, United Arab Emirates – 12 May 2022: Tabreed, the UAE headquartered and leading international district cooling developer, yesterday released its consolidated financial results for the first quarter of 2022, reporting a net profit of AED 88.2 million – an increase of 3.1% compared to its Q1 2021 performance. With a promising start to the year, Tabreed practically doubled the size of its concession capacity in Oman with the acquisition of the district cooling plant that services Al Mouj, the Sultanate’s most prestigious new real estate development. Tabreed’s portfolio in Oman now includes seven plants and Al Mouj represents the company’s biggest project there, evidence of its desire to drive further investment in this important territory. A further nine new connections were added in the UAE and Bahrain during the quarter, increasing Tabreed’s total connected capacity to 1,236,433 Refrigeration Tons (RT). During February, Tabreed announced its entry into the Egyptian market, partnering with The Egyptian Company for Energy and Cooling projects (Gascool) and Marakez for Real Estate Investment Company, to provide district cooling services to the new D5M mall in New Katameya, east Cairo. Rounding off the first quarter of 2022 with a clear indication of its environmental goals, in March Tabreed publicly announced a new Green Financing Framework that will benefit its investors, stakeholders, developers and communities alike, by aligning operations with the sustainability and ‘Net Zero’ targets of each country Tabreed is present within. Financial highlights – three months ended 31 March 2022:   Group revenue increased by 17% to AED 419.9 million (Q1 2021: AED 357.6 million)Core chilled water revenue increased by 20% to AED 405.7 million (Q1 2021: AED 339.1 million)EBITDA increased by 16% to AED 263.6 million (Q1 2021: AED 226.8 million)Profit from Operation increased by 14% to AED 153.7 million (Q1 2021: AED 134.6 million)Net profit attributable to the parent increased by 3.1% to AED 88.2 million (Q1 2021: AED 85.5 million)  Operational highlights – three months ended 31 March 2022:          Total connected capacity reached 1,236,433 Refrigeration Tons (RT)26,337 Refrigeration Tons (RT) of new customer connections added, with load additions of 7,537 RT in the UAE, 18,300 RT in Oman and 500 RT in BahrainTabreed achieved a record 15,196,136 hours worked without a single lost time incident (LTI), the most recent occurring in July 2015  Commenting on the results, Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, said: “This is a truly exceptional UAE company and these first quarter results demonstrate, not only Tabreed’s robustness, but the wisdom of its organic and sustainable approach to growth. We’re expanding our portfolio and entering new territories, with our recently announced partnership with the International Finance Corporation [IFC] set to redefine Tabreed’s geographical reach and impact. And closer to home we will continue to add new customer connections, enter long-term strategic partnerships, increase our portfolio and seize opportunities to build on an already world-class reputation for excellence.” Eng. Khalid Abdulla Al Marzooqi, Tabreed’s Chief Executive Officer, added: “With such remarkable first quarter results, Tabreed continues to prove its impeccable credentials as a company that’s safe for its investors, its stakeholders, its people and the wider environment. With 26,337 RT of new connections added in just three months, we have entered 2022 with real momentum and meaningful growth in our sights. Tabreed is a true, home-grown success story and this is going to be another excellent year of meaningful progress and surpassing expectations.”

The UAE’s original District Cooling provider celebrates another year of exceptional success Abu Dhabi, United Arab Emirates – 22 March, 2022: The shareholders of Tabreed have approved a dividend for 2021 through the combination of a cash dividend of 6 fils per share plus a bonus share issue of 1 share for every 40 shares held, which equates to 12 fils per share. This is the highest ever dividend payment to Tabreed shareholders and represents an increase on the previous year which reflects the growth of the business, whilst retaining availability of Tabreed’s growth capital. The dividend was formally approved during Tabreed’s Annual General Assembly (AGA), which took place on Monday, 21 March 2022. The AGA was chaired by Tabreed’s Chairman, Khaled Abdulla Al Qubaisi, and attended by shareholders and members of Tabreed’s Board of Directors. Commenting on the company’s success throughout 2021, Al Qubaisi said: “2021 was a stellar year for Tabreed, seeing us outperform on multiple fronts to advance towards our long-term sustainable growth plans. We doubled down on our strategy, expanded through organic growth and acquisitions, achieved operational efficiencies and delivered excellence for our clients and people. Our Green Finance Framework further placed us at the heart of the region’s current and future sustainable infrastructure projects. “Our resolute focus on excellence in all that we do has reinforced Tabreed’s resilience and reliability, unlocking value across the business. Both our acquisition of the 80,000 Refrigeration Ton (RT) Al Maryah plant and our strategic partnership with the World Bank Group’s International Finance Corporation (IFC), underscored our focus on partnerships and pursuit for growth in the UAE and key international markets. “As we look ahead, we will continue to invest in our business, to capitalise on the significant opportunities aligned with our focus on creating a sustainable future for all.” Khalid Abdulla Al Marzooqi, Tabreed’s Chief Executive Officer, said: “During 2021, group revenue increased by 12% to AED 1.95 billion, core chilled water revenue increased by 12% to AED 1.88 billion and we added 40,495 Refrigeration Tons (RT) of new customer connections – proof, if any were needed, that Tabreed is on the right path. And already 2022 is shaping up to be another stellar year in the history of this most resilient organisation. “We provide essential district cooling to many of the region’s most notable real estate developments and communities, aligning with the country’s stated environmental targets by massively reducing energy consumption, resulting in significant reductions in carbon emissions. Our operations last year, for instance, prevented the release of 1.39 million metric tons of CO2 into the atmosphere, equivalent to the removal of 302,592 vehicles from our roads. “Tabreed has a more diverse business portfolio than ever before, as we continue to expand into new geographical regions and service offerings. Recently we announced new projects in Egypt and Saudi Arabia, while our operations in India continue to gather pace. In addition to our district cooling operations, Tabreed now helps businesses optimise their energy usage, reducing their operating costs and environmental impact – all of which add to the company’s already impeccable green credentials. A dynamic and sustainable business, I am confident that Tabreed will go from strength-to-strength over the coming months and years.”

Abu Dhabi, UAE, 7 March 2022: National Central Cooling Company PJSC (DFM: Tabreed) has announced  the publication of a Green Financing Framework, which will help the company meet its commitments and finance new projects to support its business strategy and vision. The framework enables Tabreed to issue green bonds and loans, with the resulting net proceeds to be used for financing ‘Eligible Green Projects’ which include its core business of constructing, acquiring and operating District Cooling schemes, as well as projects related to Energy and Water Efficiency and Wastewater Management. The framework is accompanied by a Second Party Opinion from Sustainalytics, a leading, global ESG ratings agency. This Framework and Second Party Opinion demonstrate the sustainable nature of Tabreed’s District Cooling operations, which utilise 50% less power than conventional cooling, while providing an essential service in the GCC and wider region. Tabreed’s Green Financing Framework has been developed in accordance with the ICMA Green Bond Principles (GBP) 2021 and the Loan Market Association (LMA) Green Loan Principles (GLP) 2021, and will be governed by a multidisciplinary management committee led by the Group’s Chief Financial Officer. Adel Salem Al Wahedi, Tabreed’s Chief Financial Officer, said this new framework will support Tabreed’s sustainability-driven vision and growth. “We are convinced,” he said, “that this will align our operations with the United Nations’ and UAE’s sustainable development goals. Around the world, governments and public institutions are adopting ambitious sustainability agendas and at Tabreed we are supporting the UAE’s efforts in this regard. Our investors and stakeholders trust us to lead the drive for sustainability in the district cooling and energy sector, and this green financial framework will benefit developers and communities alike, as well as provide Tabreed with its own extra capacity for meaningful growth.” The framework will also benefit Tabreed’s investors, shareholders, staff and customers, enabling the company to attract green debt and equity funds to invest in its business. Additionally, the second party opinion received from Sustainalytics provides strong support for Tabreed’s ESG credentials, the report stating they were “confident that Tabreed is well positioned to issue Green Financing Instruments and that the Tabreed Green Financing Framework is robust, transparent and in alignment with the four core components of the Green Bond Principles 2021 and Green Loan Principles 2021”. For more updates from Tabreed, visit www.tabreed.ae

One of UAE’s most resilient companies maintains robust operations, aims to expand portfolioAbu Dhabi, United Arab Emirates – 15 February 2022: National Central Cooling Company PJSC (DFM: Tabreed), today released its consolidated financial results for 2021, reporting a net profit of AED 585.2 million – an increase of 6% compared to its 2020 performance. In addition, Tabreed’s Board of Directors is pleased to recommend a dividend of 12.0 fils per share, to be paid 50% in cash and 50% through a bonus share issue of 1 share for every 40 shares held. This dividend represents an increase on last year in line with the growth of the business, while retaining availability of growth capital within the business. Throughout 2021, Tabreed continued to execute its long-term plans for sustainable growth. The company streamlined its operations while expanding within the UAE, adding new connections in its Downtown Dubai District Cooling Plant network and acquiring full ownership of Abu Dhabi’s 80,000 Refrigeration Ton (RT) Al Maryah plant from from joint venture partner, Mubadala Infrastructure Partners (MIP). In April the company showcased its all-new corporate identity, during a spectacular light display against the side of the world’s tallest building, the Burj Khalifa, broadcast around the world. Over the subsequent months, Tabreed has benefitted from increased public awareness, bolstered by recognition and accolades from highly respected organisations resulting in several notable awards for business excellence, including the prestigious Sheikh Khalifa Excellence Award’s Silver Category in the Services Sector, as well as two separate awards from the International District Energy Association (IDEA). Market conditions remained volatile during the year, as the pandemic continued to impact industries around the region and beyond, Tabreed’s resilience and impeccable reliability more vital than ever for customers dependent on uninterrupted service. Tabreed continued its proactive approach to staff welfare, too, with its Employee Assist Programme (EAP), which provides continuous support on a wide range of issues, including mental and physical wellbeing. The company’s green credentials came to the fore during 2021, too, exemplified by its participation in the global COP26 environmental summit and the introduction of its new Green Finance Framework, which puts Tabreed at the heart of the region’s current and future sustainable infrastructure projects. In 2021 the company also published its annual ESG Report, detailing its 2020 environmental, social, and governance performance in the communities in which it operates, providing greater insight than ever into Tabreed’s activities and achievements. As 2021 drew to a close, Tabreed finalised a significant strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets. Under this partnership, the current Tabreed India is to be transferred to a new, Singapore incorporated company owned 75% by Tabreed and 25% by IFC. This company has a clear mandate to invest in projects of up to approximately $400 million over the next five years, targeting a portfolio of approximately 100,000 refrigeration tonnes (RT) across India.  Financial highlights – 12 months ended 31 December 2021:   Group revenue increased by 12% to AED 1.95 billion (2020: AED 1.7 billion)Core chilled water revenue increased by 12% to AED 1.88 billion (2020: AED 1.69 billion)EBITDA increased by 7% to AED 1.03 billion (2020: AED 970.1 million)Net profit attributable to the parent increased by 6% to AED 585.2 million (2020: AED 550.3 million)  Operational highlights – 12 months ended 31 December 2021:          Total connected capacity increased to 1,210,096 Refrigeration Tons (RT), after adjusting for the divestment of Qatar Cool40,495 Refrigeration Tons (RT) of new customer connections addedSuccessful integration of two concessions totalling 88,000 RT on Saadiyat Island, with closing achieved during April 2021Tabreed achieved a record 14,738,690 hours worked without a single lost time incident (LTI), the most recent occurring in July 2015  Environmental impact highlights – 12 months ended 31 December 2021: 2.33 billion kilowatt hours saved across the GCC – enough to power 132,590 homes every yearPrevented the release of 1.39 million metric tons of CO2 into the atmosphere, which is equivalent to the removal of 302,592 vehicles from the roads annually  Commenting on the results, Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, said: “Once again Tabreed’s year-end results are evidence that the company is in the safest possible hands and the company’s net income builds on our recent history, which has seen average annual growth of 10% since the beginning of 2017. Our prudent, strategy-led investment programmes continually produce numbers that prove Tabreed is on the right track, with sustainability at the core of our operations and financial outlook. Tabreed is a remarkable, home-grown UAE success story and its position in the market as the world’s leading expert in district energy is one we can all take great reassurance from, as we continue our drive toward a sustainable future for all.” Khalid Abdulla Al Marzooqi, Tabreed’s Chief Executive Officer, added: “Perhaps more than at any other time in the company’s history, 2021 was the year Tabreed was regionally and globally recognised for the vital role it plays in achieving ambitious environmental and carbon reduction targets. Our relentless pursuit of operational excellence and energy efficiency positively impacts everyone concerned – our shareholders, stakeholders, customers and staff, as well as the communities we serve. Tabreed looks to the future with genuine optimism as numerous long-term strategic plans come to fruition, and it’s a company I am proud to be leading into 2022.”

Partnership demonstrates Tabreed’s support for Egypt’s energy transition strategyAbu Dhabi, UAE, 10 February 2022: National Central Cooling Company PJSC (DFM: Tabreed), The Egyptian Company for Energy and Cooling projects (Gascool) and Marakez for Real Estate Investment Company, have signed a partnership agreement to provide district cooling services to the new D5M mall in New Katameya, east Cairo. Being the company’s first foray into the Egyptian market, the deal is of special importance to Tabreed with the country representing significant potential for future portfolio growth. Construction of D5M is currently nearing completion and it forms an integral part of the wider ‘District Five’ development by the developer, MARAKEZ, a subsidiary of Saudi Arabia’s Fawaz Al Hokair Group (FAH), one of the leading retail developers in the MENA region. Mall operations will commence this year, with full operations targeted before the end of 2023. Tabreed is the lead partner of the consortium with a 60% equity stake while Gascool holds the remaining 40%. The district cooling plant will be built in phases. Its operational ultimate capacity will be 6,000 refrigeration tons (RT) contracted under a long-term agreement, with total installed capacity of 7,500 RT. The 70,000 square metre D5M also includes a residential complex with 1,800 state-of-the-art town houses and apartments as well as offices. It is the latest project by MARAKEZ, which currently operates a network of 17 shopping malls, managing over 1.6 million square metres of prime retail real estate, including the flagship Mall of Arabia. Following the signing of the agreement, Eng. Khalid Abdulla Al Marzooqi, Tabreed’s Chief Executive Officer, said: “This is a very important, strategic step for our company, our entry into the Egyptian market being a solid part of our long-term plans for sustainable growth beyond the GCC. Tabreed’s unrivalled expertise in the district cooling industry will benefit Egypt in various ways and the Gascool JV is a perfect fit for Tabreed, having a proven track record for operational excellence, sharing our values and a relentless pursuit of energy efficiency. Our business partner and shareholder, ENGIE, also has a presence in Egypt, experience that Tabreed will be able to benefit from over the coming years.” Tabreed is Egypt’s first international investor in district cooling and the market is a very promising one. The industry is a relatively recent introduction to Egypt, with Gascool being the country’s first district cooling provider, established in 2004. Adoption is increasing, however, and this will assist the country in meeting its environmental and sustainability targets. District cooling uses approximately half the energy consumed by conventional cooling methods, preventing the release of millions of tons of carbon dioxide each year. The district cooling industry is becoming increasingly viewed as an essential pillar in the drive towards carbon neutrality. MARAKEZ CEO Basil Ramzi commented on the partnership saying: “Our partnership with Tabreed and Gascool – two leading companies providing energy-efficient, cost-effective and environmentally friendlier cooling solutions – further deepens our efforts in support of Egypt Vision 2030 toward greater environmental sustainability. As an industry leader in the real estate development sector, MARAKEZ seeks equally strong partners to support its pioneering commercial and residential developments across Egypt.” Gascool Chairman, Eng. Amr Badawy, echoed these sentiments, stating: “We had the pleasure of signing the consortium agreement with Tabreed, one of the leading international district cooling developers in the world. Egypt’s market is currently witnessing unprecedented development, requiring district cooling services as the most energy-efficient and environmentally friendly cooling solution.” For more updates from Tabreed, visit www.tabreed.ae

New addition sees Tabreed’s Oman portfolio increase to seven district cooling plants Abu Dhabi, UAE, 25 January 2022: National Central Cooling Company PJSC (DFM: Tabreed) held a signing ceremony on Sunday 23 January 2022, to mark the completion of the acquisition, through its subsidiary in Oman, of a new district cooling plant from Al Mouj, Muscat’s premier development. This new transaction takes Tabreed’s tally of owned and contracted district cooling plants in the Sultanate to seven. Al Mouj Muscat is a joint venture between the UAE’s Majid Al Futtaim Properties and Omran, the tourism and development arm of the Omani government. An aspirational lifestyle destination with ocean views and beaches, parks and a promenade featuring award-winning architecture, it also includes hotels, retail and dining outlets, a 400-berth marina and a golf course ranked amongthe top 100 worldwide.Tabreed (through its subsidiary in Oman) and Al Mouj Muscat have signed an exclusive perpetual cooling concession for over 30,000 refrigeration tons (RT), with more than 19,000 RT already connected and operational. This transaction practically doubles Tabreed’s concession capacity in the Sultanate from 32,000 RT to 62,000 RT. Khalid Abdullah Al Marzooqi, Tabreed’s Chief Executive Officer, said: “With this acquisition, Tabreed has significantly increased its residential cooling business in Oman. This is a natural progression for the company and we are getting closer to end users, which benefits us all. Al Mouj also embodies a truly promising partnership between Tabreed, Omran, Tanmia and Majid Al Futtaim Properties.” Tabreed  commenced operations in Oman in 2007  together with leading Omani investors as partners such as Ministry of Defence Pension Fund, ISS Pension Fund, Diwan of Royal Court Pension Fund, PPD and PMA International. Tabreed’s first project in Oman was the 2,411 RT plant at Knowledge Oasis Muscat, Oman’s flagship technology park in 2010. This was followed by Oman Avenues Mall, Land Mark in Bausher, Mall of Muscat, Hilton Garden Inn Hotel and Al Araimi Boulevard Mall, the region’s first eco-friendly retail destination.Al Mouj is Tabreed’s largest project to date in Oman and a culmination of the company’s desire to continue investing in essential district cooling infrastructure for the Sultanate’s most important real estate developments. The transaction was signed in December 2021 and has now achieved financial close, representing a fitting to conclusion for 2021, a year which was also notable for the appointment of Abdullah Al Hinai as Tabreed’s regional Chief Executive Officer in Oman. An Omani national, Al Hinai has been with the company since its formation in Oman, initially as Project Manager and more recently as Projects Director. For more updates from Tabreed, visit www.tabreed.ae