Dubai Taxi Company PJSC

Dubai Taxi Company (DTC) has expanded its fleet by acquiring 250 new license plates, all designated for electric vehicles, from a recent auction by the Dubai Roads and Transport Authority. This brings DTC's total fleet to 6,210 vehicles and is expected to increase annual revenue by approximately AED 85 million. With this addition, about 87% of DTC's fleet will consist of hybrid and electric vehicles, aligning with the UAE's Year of Sustainability and DTC's commitment to eco-friendly transport solutions. DTC aims to enhance customer experience and position Dubai as a leader in sustainable urban mobility, while also expanding services locally and regionally and strengthening partnerships in the smart and sustainable transport sector.

Dubai Taxi Company PJSC (DTC) reported a 20% year-on-year increase in EBITDA to AED 432.2 million for the first nine months of 2024, with revenue rising 13% to AED 1.60 billion. The company expanded its operational taxi fleet by 444 vehicles, achieving a 46% market share in Dubai and completing 36 million trips, a 5% increase from the previous year. The EBITDA margin improved by 2 percentage points to 27%. Net profit before tax reached AED 271.8 million, a 19% increase excluding interest costs. DTC formed a strategic partnership with Bolt to launch an international e-hailing platform in Dubai. The company's taxi segment revenue grew 12% to AED 1.39 billion, while the limousine segment saw a 3% increase to AED 89.1 million. The bus segment's revenue rose 27% to AED 87.7 million, supported by new service contracts and fleet expansion. DTC's delivery bike segment, boosted by partnerships with delivery platforms like Talabat, saw revenue grow 2.5 times. The company focuses on cost optimization and sustainability, with over 85% of its taxi and limousine fleet now hybrid or electric vehicles.

The document is a review report and condensed interim financial information for Dubai Taxi Company P.J.S.C. covering the nine-month period ending on September 30, 2024.

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on Wednesday, November 6, 2024, at 3:00 pm at the company's headquarters. The meeting reached a quorum, and the board addressed and approved the financial statements for the third quarter of the fiscal year 2024, along with other operational and internal matters. The communication is signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.

The Dubai Taxi Company PJSC will hold an earnings call on Friday, November 8, 2024, at 10:00 AM to discuss the financial results for the third quarter of 2024. The presentation will be available on the company's website before the meeting. This information is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Rami Mohammad Al Banna, Head of Investor Relations. A copy of the notice is also sent to the Securities and Commodities Authority.

The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on Wednesday, November 06, 2024, at 3:00 pm at the company's headquarters. The agenda includes discussions and approvals of the financial statements for the third quarter of the fiscal year 2024, as well as other operational and internal matters. The notification is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is also copied to the Securities and Commodities Authority. The letter is signed by Vicken Khochafian, Board Secretary and Governance Director.

The Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation on October 4, 2024, to approve internal matters that do not affect the company's share price. The communication was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and was also copied to the Securities and Commodities Authority. The letter was signed by Vicken Khochafian, the Board Secretary and Governance Director.

Date: 01/10/2024 To: Mr. Hamed Ahmed Ali, Chief Executive Officer, Dubai Financial Market, Dubai, United Arab Emirates Subject: Notification of Issuance of a Board Resolution by Circulation – Dubai Taxi Company P.J.S.C. The Board of Directors of Dubai Taxi Company P.J.S.C. will issue a Board Resolution by Circulation on 04/10/2024. This resolution pertains to the approval of internal matters that will not impact the company's share price. Best Regards, Vicken Khochafian Board Secretary & Governance Director cc: Securities and Commodities Authority

Dubai Taxi Company (DTC) has been awarded 300 new plates by Dubai's Roads and Transport Authority, increasing its market share to 46% and expanding its fleet to nearly 6,000 vehicles. This expansion is expected to generate an additional annual revenue of AED 100 million. The company aims to meet the growing demand for transport in Dubai, driven by population and economic growth. CEO Mansoor Rahma Al Falasi highlighted that the fleet has grown by approximately 10% in 2024, reaching nearly 9,000 vehicles across various segments. This move aligns with DTC's strategy of fleet expansion and enhancing shareholder value.

Date: September 04, 2024 To: Mr. Hamed Ahmed Ali Chief Executive Officer Dubai Financial Market Dubai, United Arab Emirates Subject: Board Meeting Results - Dubai Taxi Company P.J.S.C. - The “Company” The Board of Directors of “Dubai Taxi Company P.J.S.C.” met on Wednesday, September 04, 2024, at 3:00 pm at the Company’s headquarters, achieving legal quorum. The Board discussed and resolved internal matters related to the Company’s business. Best Regards, Vicken Khochafian Board Secretary and Governance Director cc: Securities and Commodities Authority