RAK Ceramics’ Board meeting update

 Q1-2020 audited financial results to be announced at a later stage;  Implementation of measures to manage impact of Covid-19;

Ras Al Khaimah, , 5th May 2020 The Board of Directors of RAK Ceramics PJSC (Ticker: RAKCEC: ) held a meeting today and reviewed the Company’s performance during the first quarter ending on 31st March 2020.

Q1-2020 results postponed The Company announces today that the Q1-2020 audit reviewed results will be postponed due to the lock-down measures implemented in most of the countries and in line with the grace period provided by the Abu Dhabi Stock Exchange allowing listed companies to postpone the announcement of their financial results until August 14th 2020. The Company confirms that the audit reviewed Q1-2020 financial results will be published as soon as practically possible subject to the lifting of the lock-down measures in most of the countries it operates in.

Measures to manage impact of Covid-19 RAK Ceramics was proactive in implementing a raft of measures designed to mitigate the impact of Covid-19 and the corresponding lockdowns across all its markets. RAK Ceramics was one of the first UAE companies to adopt social distancing, before official government directives. In addition to non-factory employees working remotely, RAK Ceramics completely shut down production in and and reduced production by 20% in the UAE. RAK Ceramics has taken measures to manage its liquidity by renegotiating payment terms with key suppliers, reducing discretionary expenses and placing non-essential capex plans on hold. RAK Ceramics has also opened alternative sales channels in markets where retail operations are closed.

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RAK Ceramics © May 2020. Page 1 of 2

About RAK Ceramics

RAK Ceramics is one of the largest ceramics’ brands in the world. Specialising in ceramic and gres porcelain wall and floor tiles, tableware, sanitaryware and faucets, the company has the capacity to produce 123 million square metres of tiles, 5 million pieces of sanitaryware, 24 million pieces of porcelain tableware and 1 million pieces of faucets per year at its 22 state-of-the-art plants across the United Arab Emirates, India, Bangladesh and China.

Founded in 1989 and headquartered in the United Arab Emirates, RAK Ceramics serves clients in more than 150 countries through its network of operational hubs in , Middle East and North Africa, Asia, North and South America and .

RAK Ceramics is a publicly listed company on the Abu Dhabi Securities Exchange in the United Arab Emirates and as a group has an annual turnover of approximately US$1 billion.

Contact Details RAK Ceramics FTI Consulting Steven Allen Debjani Mukherjee Tel: +971 (0) 7246 7400 Tel: +971 (0) 50 165 8989 [email protected] [email protected]

Further information is available online at www.rakceramics.com

RAK Ceramics © May 2020. Page 2 of 2