Zad Holding: Disclosure of a Lawsuit

May 14, 2018

Zad Holding Company announced that, with reference to previous disclosures by the Company regarding the listing of shares issued from the procurement of MEDA Projects Company under the acquisition, which was approved by the extraordinary general assembly of the company and related parties on 13 June 2011.

We would like to draw the attention of shareholders to the fact that the Court of Appeal’s session held on 24 April 2018 has dismissed the appeal filed by the company by rejecting and supporting the ruling of the first degree, noting that the company did not receive a copy of the ruling and its reasons to date.

The company will challenge the appeal sentence through the court of cassation within the time limit granted to it by law, while continuing to disclose the developments.