Date: 29 September 2026

Conversion of Mandatory Convertible Bonds (MCBs)

With reference to the Mandatory Convertible Bonds (MCBs) issued by Oman Arab Bank SAOG (the “Bank”) on 9 October 2024 pursuant to the prospectus approved by the Financial Services Authority under Administrative Decision No. KH/57/2024.

The Bank hereby announces that, in accordance with the terms and conditions of the approved prospectus and applicable laws, the MCBs are due for mandatory conversion into new ordinary shares on 9 October 2026 (the “Conversion Date”).

On the Conversion Date, the outstanding MCBs will be converted into new ordinary shares at a conversion price of 125 baiza per share, in accordance with the terms of the approved prospectus.

For further details, please refer to the approved MCB prospectus available on the Muscat Stock Exchange website.

Yours sincerely,