For Immediate Release –

LARGEST TIRE RECYCLING PLANT OPENS IN SAUDI ARABIA

Jeddah, Saudi Arabia – March 12, 2014 – Nabaa Al-Wessal Company (NAW Recycling)

a member of the Shairco Group headquartered in Jeddah, Saudi Arabia has announced the

opening of their state-of-the-art tire recycling and 25,000 tons per annum crumb rubber

manufacturing facility located in Al-Wajh, Tabuk Province, Saudi Arabia.

Ahmad Al-Junaidi the NAW Recycling Managing Director said “This culminates several years of

planning and a multi-million US dollar investment on behalf of the Shairco Group in the finest

German engineered tire recycling technology capable of processing more than 25,000 tons of

scrap tire equivalents each year.

We are actively working in the Saudi Arabian market with expansion plans in-Kingdom and

other GCC areas during the next 36 months focusing on a wide range of rubber compound

materials and value added products using crumb rubber as a base feed stock material.

We are delighted to have the backing and support of the Shairco Group and have hired world

class industry experts to assist with the roll out of the strategic development plans for the

Company. The Company has hired K. I. Saab & Associates (www.kisaab.com) in collaboration

with Keith Fryer Associates (KFA) www.kfa-ca.com the Los Angeles, California based tire

recycling marketing and technology transfer experts to advise and provide the Company with a

wide range of marketing support services and tire recycling technology transfer programs.

Our immediate focus will be producing the best quality crumb rubber in the Saudi & GCC

markets making it suitable for the stringent US & Europe specifications required for the

successful manufacture of asphalt rubber, as a viable alternative to existing asphalt solutions for

road construction providing a safer surface for motorists with reduced breaking distances,

longer road surface life expectancy, much quieter road noise combined with other superior

performance characteristics.

We shall also be manufacturing under license a wide range of acoustical and sports surfacing

products made from crumb rubber and resin compounds” following recent additional investment

with NAW Recycling acquiring state-of-the-art sports surfacing and sound underlayment for the

construction industry manufacturing technology facilitated by K. I. Saab Associates in

collaboration with KFA .

Dr. Talal Ali Al-Shair (Sharico Group and Nabaa Al-Wessal Chairman) said “We are very

pleased to see this project become a reality after a lot of dedicated hard work undertaken by

Shairco and Nabaa Al-Wessal management, which represents our group strategy and vision to

become the largest scrap tire recycling company in the GCC region. We plan to achieve tis

objective by deploying the best state-of-the-art world class technologies to return scrap tires to a

viable commodity to help to clean up the Kingdom’s environment and create high tech products

used in automotive, industrial, building construction and road construction sectors”.

Corporate Contact:

Ahmad Al-JunaidiManaging Director+966 (2) 663 7666 Ext: 257Mobile: +966 564 404846ahmad@nabaa-alwessal.comwww.nabaa-alwessal.com

About Nabaa Al-Wessal (NAW Recycling)

Nabaa Al-Wessal Company (NAW Recycling) a member of the Shairco Group Jeddah, Saudi Arabiaprovides solutions to alleviate the worldwide environmental dilemma of scrap tires and industrial rubberwaste. Through acquisition and development of new technologies, NAW Recycling is focused onestablishing itself as a leader in the GCC environmental technology crumb rubber manufacturing andrecycled rubber value added products arena.

For more information, please visit the NAW Recycling corporate web site:www.nabaa-alwessal.com

About Shairco Group

SHAIRCO, 100% Saudi limited liability Company founded in 1979 by its president Dr. Talal Al-Shair.

The company's main objective is to contribute to the economic development of Saudi Arabia throughinvestment in various industrial concerns. With the able support of Dr. Talal's brothers Sheikh Mostafaand Engr. Walid, SHAIRCO defied the surge of business competition locally and internationally. The rapidgrowth was realized when SHAIRCO utilized the national resources, the means and facilities extended bythe Saudi government, the infrastructure established for such accomplishments and most importantly the

strong determination of its people spanning its business activities since 1979.For more information, please visit the Shairco Group corporate web site: www.shairco.com

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KJF/KSA/Jeddah 3-12-14