Multiply Group Announces Plans to Acquire 2PointZero and Ghitha Holding via Share Swap

Multiply Group PJSC MMULTIPLY:

• MULTIPLY GROUP - BOARD RECOMMENDS ACQUISITION OF ALL OF IHC FOOD HOLDING'S SHARES AND ALL OF IHC COMPANIES MANAGEMENT LLC’S SHARES IN GHITHA HOLDING

• MULTIPLY GROUP - ACQUISITION IN RETURN OF CO ISSUING 1.77 BILLION SHARES TO IHC FOOD HOLDING AND IHC COMPANIES MANAGEMENT

• MULTIPLY GROUP - BOARD RECOMMENDS ACQUISITION OF ALL OF TWO POINT ZERO HOLDING RSC LIMITED

• MULTIPLY GROUP - BOARD RECOMMENDS CHANGING TRADE NAME OF CO TO “TWO POINT ZERO GROUP"