Quarterly Newsletter Central Depository Company

Inspired by NATURE

Trunk

Branches

Leaves

Roots

The trunk is the main axis of a tree which is attached to the and convenience-based portfolio for its investors and roots and rises up from the ground standing up straight. Layer stakeholders thereby developing a glorious identity and upon layer, a strong trunk is formed with each passing year, legacy. making it robust enough to bear the weight and pressure of the branches and leaves.

Similarly, CDC uplifts its entire existence with its years of experience, values and achievements. It has grown taller under challenging times of the Capital Market while offering a strong support system to the Capital Market through an innovative

Head Office: Lahore Branch: CDC House, 99-B, Block ‘B’, S.M.C.H.S., Main Mezzanine Floor, South Tower, LSE Plaza, 19 Shahrah-e-Faisal, - 74400. Khayaban-e-Aiwan-e-Iqbal, Lahore-54000, Tel: (92-21) 111-111-500 I Fax: (92-21) 34326031 Tel: (92-42) 36368000-3 I Fax: (92-42) 36368484-5

PSX Branch: Email: [email protected] Mezzanine Floor, Building, URL: www.cdcpakistan.com Stock Exchange Road, Karachi. Tel: (92-21) 32416774 I Fax: (92-21) 32444491 Customer Support Services: 0800 – 23275 (CDCPL) Islamabad Branch: Room # 410, 4th Floor, ISE Towers REIT Management For Overseas Callers: +92 (21) 34326038 Limited, 55-B, Jinnah Avenue, Blue Area, Islamabad. Tel: (92-51) 2895456-9 I Fax: (92-51) 2895454 Contents

CDC facilitates businessmen in Sales Tax Refund Payments through Book Entry Refund Bonds in the CDS 01 CDC makes IPO subscription easy for general public through automation 01

Meezan Bank and Central Depository Company join hands to provide Shares Custody Services to Meezan Customers 02

ITMinds Limited and Faysal Asset Management Limited sign an agreement for outsourcing Back Of ce Accounting Services 03

CDC reduces its tariff to facilitate ease of doing business Tariff reduction of up to 57% for the Mutual Fund Industry Reduction in Tariff Structure for Account holders. 04 Corporate events, visits & awareness sessions Breakfast meeting with Turkish Consul General Account Opening Facilitation visit at Branches in various cities Investor Awareness sessions 05 CDS Updates and Regulatory Changes 06 Notice Board 07 Statistical Highlights 08 THE

CUSTODIANSLATE CDC facilitates businessmen in Sales Tax Refund Payments through Book Entry Refund Bonds in the CDS entral Depository Depository System (CDS) will also simple click of the button. Company recently help create ease of doing business The size of the first two tranches of C facilitated businessmen in for claimants as the Refund Bonds Refund Bonds is Rs. 14 billion (each their Sales Tax Refund payments will be issued electronically in the tranche of Rs. 7 billion) which have through Refund Bonds for those system, and there will be no paper been successfully credited in the claimants who had CDC Accounts. or certificate issued. The claimants accounts of around 460 claimants This initiative was taken subsequent may just log in to the CDC web who have opened CDC accounts. In to the approval of amendments in system and confirm that their order to facilitate claimants, CDC Supplementary (Second Refund Bonds have been credited. extended full support and Amendment) Act, 2019 by the established facilitation desks at RTO Federal Government. In addition to this, it will facilitate Faisalabad and Multan in addition ease of getting credit against Refund to the services extended from its In this regard, the Federal Board of Bonds by Banks which are already offices in Karachi, Lahore and Revenue (FBR) lately asked the using CDC system and providing Islamabad. In this regard, a refund claimants who have opted financing against different types of workshop was also organized for for Sales Tax Refund payments securities worth millions of rupees the Towel Manufacturers through Refund Bonds to open Sub on daily basis. All the claimants Association of Pakistan at TMA Account or Investor Account with need to do is to go to the Bank and House, Karachi. Claimants who Central Depository Company of mention their CDC account number, have not yet opened their CDC Pakistan Limited (CDC) and has and the Bank will retrieve all the accounts can visit CDC website at issued procedures for opening of information on real time basis from www.cdcpakistan.com or call at such accounts. CDC system through CDC Pledge 0800-23275 for guidance. The functionality and create a charge account opening forms are also The issuance of these Refund Bonds against these Refund Bonds with a in book entry form through Central available on CDC’s website. CDC makes IPO subscription easy for general public through automation

n its continuous resolve to accessibility and is connected with these securities will be in the safe increase convenience for all leading banks. CES became the custody of CDC. This facility was stock market investors, premium choice of investors, as 2283 introduced with the objective of CentralI Depository Company is investors subscribed shares through facilitating new investors and taking regular initiatives to provide CES, which makes it around 80 encouraging maximum ease and efficiency for the percent of all electronic participation of retail investors in subscription of shares offered subscriptions in the Interloop IPO the IPO. Around 900 new investors through IPOs to general public. and around 43 percent of total participated in the Interloop IPO subscriptions (both physical and through this facility, which is a These efforts were translated electronic). testament of the success of the pilot recently in the successful phase. subscriptions of the IPO of Interloop This was also the first time that CDC Limited which took place on March introduced the IPO facilitation 21st and 22nd, 2019. Investors had Account, an additional facility the options of physically submitting through which investors can the IPO applications at designated subscribe securities even if they do banks or using Electronic IPO not have CDC Account at the time portals of designated Banks or using of IPO subscription. The investors Centralized eIPO System (CES) of can later open their accounts and get CDC. CES is an online portal, with their securities transferred in their SUBSCRIPTION 24/7 availability and global respective accounts until which 01 THE

CUSTODIANSLATE Meezan Bank and Central Depository Company join hands to provide Shares Custody Services to Meezan Customers

eezan Bank - Pakistan’s account holders by facilitating the leading Islamic bank - opening of CDC Sub Accounts and has recently joined hands by providing safe custody services to Mwith Central Depository its customers. Meezan Bank’s Shares Company (CDC) - the sole Custody Services will not only help securities depository in the in electronic subscription of shares country - to launch Shares through its eIPO facility but will also Custody Services for its offer safekeeping of securities. The customers. Mr. Ariful Islam, launch of Shares Custody Services Deputy CEO-Meezan Bank, and aims to enhance outreach of CDC’s Mr. Badiuddin Akber, Chief Executive facilities. The service will facilitate Officer-CDC, signed the and Mr. Ayub Baig, Manager, Capital customers in getting their custodial Memorandum of Understanding Market-Meezan Bank were also needs handled through their nearest (MoU) at Meezan Bank’s Head Office, present at the occasion along with Meezan Bank Branch and will be Karachi. Mr. Zia Ul Hasan, Group their respective teams. made available to all Meezan Bank Head Operations-Meezan Bank, Mr. account holders in more than 150 Shariq Naseem, Head of Product As per the agreement, Meezan Bank cities and 600 branches across Development & Marketing-CDC will fulfill the custody needs of its Pakistan.

02 THE

CUSTODIANSLATE ITMinds Limited and Faysal Asset Management Limited sign an agreement for outsourcing Back Of ce Accounting Services

aysal Asset Management Accounting to FAML. The Through this arrangement, ITMinds Limited (FAML), a agreement was signed by Mr. will facilitate FAML in concentrating subsidiary of Khaldoon Bin Latif, CEO-Faysal on its core business activities, i.e. LimitedF (FBL) & ITMinds Limited Asset Management Limited, and Mr. managing investors’ money and (ITMinds), a wholly owned Iqleem-uz-Zaman Khan, Acting savings, by providing back office subsidiary of Central Depository CEO-ITMinds Limited in the services including Settlement, Unit Company of Pakistan Limited presence of Mr. Badiuddin Akber, Management, Fund Accounting, (CDCPL), have signed an agreement Director ITMinds Limited & Compliance / Reporting, Business in May 2019, enabling ITMinds to CEO-CDCPL. Continuity and IT arrangements. provide BPO services of Back Office

03 THE

CUSTODIANSLATE CDC reduces its tariff to facilitate ease of doing business s the infrastructure state-of-the-art Fund Management structure for next five years which backbone of Pakistan System which has enabled the also includes reduction in custody Capital Market, CDC’s main industry to implement Straight fee for the years 2019-20 and 2020-21 objectiveA is to provide efficient and Through Processing (STP) from by 14% and 16% respectively.v cost effective services to all its AMCs to Banks and also helps customers and promote ease of ensure compliance with relevant doing business. In line with this regulatory framework resolve, CDC has continued to pass on the benefits to market Reduction in Tariff participants and general investors without compromising on its Structure for Account services. It has once again reduced holders. its tariff structure in the larger interest of the public and in the support of the stock market. As part of the recent reduction, CDC has provided 100% waiver on Maintenance fee for such Tariff reduction of up Sub-Account holders who also have to 57% for the Mutual Investor Accounts. Taking this Fund Industry initiative further in order to promote the growth of Pakistan’s corporate debt market, CDC has significantly Central Depository Company has reduced its annual fee for long-term reduced its service tariff for the redeemable securities by Mutual Fund Industry up to 57%, approximately 65%. Additionally, applicable to different categories CDC has rationalized its tariff of funds.

Apart from the said reduction, CDC has also rationalized the trustee fee for small sized mutual funds / schemes by permanently eliminating the minimum fee component and implementing flat rate instead of slab system. This reduction will be effective from July 01, 2019 and is expected to facilitate Asset Management Companies in making their funds / schemes more investment-worthy in the current challenging times.

This is not the first time CDC has reduced its service tariff. In fact, in the past, the tariffs for depository services (both custody and transaction fee) and trustee services have been reduced a number of times. The current reduction compliments a number of CDC’s earlier contributions in the development of the Mutual Fund Industry including its

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CUSTODIANSLATE Corporate events, visits & awareness sessions

Breakfast meeting with Turkish Consul General

A breakfast event was arranged for the visiting delegation from the Turkish Consulate General in Karachi, headed by His Excellency Mr. Tolga Uçak, Consul General of Republic of Turkey in Karachi. Representatives of leading Pakistani corporates and Turkish Businesses in Pakistan also graced the occasion and were received by CDC’s Board & Senior Management.

Account Opening Investor Awareness sessions Facilitation visit at In line with its vision to promote Meezan Bank Branches awareness and increase the capital in various cities market investor base, CDC organized the following awareness sessions in this For the purpose of enhancing outreach quarter (April – June 2019) in different and better facilitating capital market cities of Pakistan: investor base, CDC staff visited Meezan Bank’s branches in different cities of Pakistan providing Account Opening City Month Venue and related services to MBL’s customer base. The activity took place at Meezan Karachi June 2019 ICMAP Gulshan Iqbal Bank branches in Hyderabad, Multan Islamabad ISE (Stock Exchange Tower) and Peshawar where a cumulative sum Faisalabad May 2019 Hotel One of around 100 customers were facilitated. Similar activities have been Karachi CDC House planned for other cities as well in the Lahore Apr 2019 CDC LHR Office coming months. Rawalpindi Blue Lagoon Complex

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CUSTODIANSLATE CDS Updates and Regulatory Changes

Multiple messages were sent to CDS Valid CNICs of to open new accounts in CDS. Elements in continuation of CDC’s Therefore, participants are advised to endeavor to educate them about their sub-account holders get themselves registered as AI on role and associated responsibilities. priority basis to ensure continuity of “Participants are required to ensure smooth operations.” Compulsion of valid that the CNICs of their sub-account registration details of holders are not expired and shall Data Protection sub-account holders regularize the same on a timely basis Measures for CDS to avoid legal consequences.” Elements “It is a mandatory requirement for Submission of participants to ensure that the All CDS Participants are required to registration details of sub-accounts information related to (including name, address, mobile Cash Dividends take the following measures to ensure number, email address, IBAN etc.) Data Protection: entered in the CDS are valid, complete “All issuers of listed securities are and correct at all times.” a. Install updated anti-virus and requested to ensure the correctness, anti-spyware on terminals completeness and timely submission Call option or Put of information related to cash b. Ensure the latest versions of dividends for placement on the option in respect of operating system & security Redeemable Centralized Cash Dividend Register.” patches are installed on the Securities terminals and the firewall is Deposit of issued and turned on “Issuers are required to notify CDC paid-up shares in the upon exercising a call or put option in CDS c. Avoid any unnecessary software on respect of any Redeemable securities the terminals in a prescribed manner.” “Issuers of private and public unlisted companies are required to arrange d. Watch out for malicious software, Modi cations in deposit of 100% of the issued and frequent pop-ups , unexpected Sub-account Opening paid-up shares in the CDS forthwith icons on the desktop, frequent upon declaration of shares as CDS error messages and sluggish Eligible Securities.” Forms for Individual & performance of the computers Corporate clients of Insertion of IBAN of e. Adopt a complex password Bank Participants Sub-Account Holders “The SECP has approved the f. Use firewalls to isolate live system modifications for a shorter version of “All CDS Participants are requested to network the Sub-Account Opening Form expedite the insertion of IBAN of Title (SAOF) for individual & corporate Account Holder in the registration g. Disable all remote access to clients of Bank Participants. The details of all existing sub-accounts.” terminals revised SAOF shall be effective from May 06, 2019.” Registration of Movement of Unlisted Participants as Redeemable Debt Authorized Instruments Intermediary with CKO Entity “Participants are required to report movement of unlisted redeemable “Subsequent to implementation of the debt instruments in the CDS to the CKO regime (Centralized Know Your Clearing House and provide evidence Customer), only those participants of such reporting to CDC on registered as Authorized Intermediary demand.” (AI) with the CKO Entity will be able

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CUSTODIANSLATE Notice Board

Con rmation of CDC Reduction of CDS Additionally CDC has also deferred the approved increase of annual Nominee Holding by Tariff Structure maintenance fee of sub-accounts and issuers of Securities annual minimum fee on Participants. [Circular May 27, 2019] [Circular April 01, 2019] In addition to this and in order to “In the larger interest of public support the growth of Pakistan’s With reference to the CDCPL & support of the Capital Market, corporate debt market, CDC has Regulation 13.7.1, issuers of securities CDC has reduced its tariff significantly reduced its annual fee for inducted in Central Depository structure as under: long-term redeemable securities by System (CDS) are required to provide 65% which will be as follows To incentivize the sub-account holders confirmation of CDC Nominee who also maintain Investor Accounts Holding of their respective security as under the same UIN’s, CDC has given per the record in their Member a 100% waiver on their fees in respect Register. Issuers are thereby requested of the maintenance of their to provide the reconciliation reports sub-accounts. on prescribed format and timelines to ensure compliance of the For Long-Term Proposed aforementioned Regulation, if Redeemable Securities Existing Tariff Reduced Tariff applicable. A reminder for the above has also -Upto Rs. 50m Rs. 70,000 p.a. Rs. 25,000 p.a. been issued on May 31, 2019. -Above Rs. 50m – Rs. 200m Rs. 140,000 p.a. Rs. 50,000 p.a.

Implementation of -Above Rs. 200m – Rs. 500m Rs. 280,000 p.a. Rs. 100,000 p.a. new two factor authentication (2-FA) -Above Rs. 500m – Rs. 1,000m Rs. 420,000 p.a. Rs. 150,000 p.a. solution -Above Rs. 1,000m – Rs. 5,000m Rs. 560,000 p.a. Rs. 200,000 p.a.

[Circular April 12, 2019] -Above Rs. 5,000m Rs. 700,000 p.a. Rs. 250,000 p.a. As a step towards enhancing secure Proposed Changes in Account access to CDC’s applications, a new amendments in the two factor authentication (2-FA) and Sub-Account solution is being launched by CDC. CDC Regulations setup functionalities Clients shall be further pertaining to various after Implementation communicated by our Support staff matters of CKO regime for the provision and activation of new token on a given date after [Notice May 27, 2019] which the old tokens will be [Circular June 17, 2019] ineffective. “The Board of Directors of CDC has Subsequent to roll-out of the approved amendments in the CDC changes in CDS system after Regulations pertaining to various implementation of the CKO regime matters, subject to the approval of effective from June 17, 2019, all the SECP. All these amendments participants have been apprised of have been placed for public the system level changes in Account comments which may be sent at and Sub-Account Setup [email protected] by Monday, functionalities in CDS made live June 03, 2019.” along with the “Know Your Customer (KYC) Regime” vide two circulars dated June 17, 2019.

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STATISTICAL HIGHLIGHTS

AS ON MARCH 31, 2019

CENTRAL DEPOSITORY SYSTEM (CDS) BREAKUP OF SECURITIES TYPE OF ELEMENTS

Participants / Account Holders 629 Issuers Prefrence Shares Ordinary Shares 13 763 TFCs / Sukkuk 747 Pledgees 107 92 Open End Units 37

TRUSTEE & CUSTODIAL SERVICES

Total Number of Mutual Funds, Pension Funds & Discretionary Portfolios Assets under Trustee-ship

420 PKR 703.76 Billion

ITMINDS LIMITED

Particulars Numbers Assets size in millions Mutual Funds 29 29,894 Retirement Funds 18 26,695 Portfolio clients 2 740

TOTAL 49 57,329

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SHARE REGISTRAR SERVICES MARKET SHARE OF CDC R/TA IN KSE 100 INDEX (IN TERMS OF %) Client Companies Listed Companies 104 Others Unlisted Companies 83 21 THK CDC Total Securities 187 12 40 Physical Folios (approx.) 316,000 Corplink 12 FAMCO 15

INVESTOR ACCOUNT SERVICES (IAS) AS ON MARCH 31, 2019 38,208 Karachi Lahore Islamabad 10,331 5,238 1,339 437 126 Corporate Investor Account Individual Investor Account

No. Of Accounts 55,679

No. Of Securities (In Bil) 84.24

ACTIVATIONS (FOR IAS CUSTOMERS) AS ON MARCH 31, 2019

No. of IAS Accounts 55,679 Activation of IVR/WEB 30,091 Activation of SMS 43,202

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CUSTODIANSLATE SECURITIES INDUCTED INTO CDS

S. No. Security Name Security Type Live Date 1 Luna Pakistan (Private) Limited Ordinary Shares 8-Apr-19 2 The Hub Power Company Limited - Sukuk Certificates Debt Instruments 11-Apr-19 3 & Chemicals Limited - Sukuk Certificates Debt Instruments 12-Apr-19 4 Gunj Glass Works Limited Ordinary Shares 18-Apr-19 5 K-Electirc Limited - Islamic Commercial Paper (Icp-2) Debt Instruments 24-Apr-19 6 Sadaqat Limited Ordinary Shares 25-Apr-19 7 Pakistan Energy Sukuk - I Debt Instruments 26-Apr-19 8 Pak Elektron Limited - Commercial Paper (4th Issue) Debt Instruments 29-Apr-19 9 The Hub Power Company Limited - Sukuk Certificates (2nd Issue) Debt Instruments 23-May-19 10 Cinepax Limited Ordinary Shares 24-May-19 11 The Hub Power Company Limited - Commercial Paper Debt Instruments 31-May-19 12 Naveena Steel Mills (Private) Limited Ordinary Shares 31-May-19 13 Refund Bond Ordinary Shares 3-Jun-19 14 Union Green Farms (Private) Limited Ordinary Shares 13-Jun-19 15 Luxury Green Farms (Private) Limited Ordinary Shares 13-Jun-19 16 Raja Green Farms (Private) Limited Ordinary Shares 13-Jun-19 17 PBS Exchange (Private) Limited Ordinary Shares 14-Jun-19 18 Kifayah Investment Management Limited Ordinary Shares 26-Jun-19 19 Rajby Textiles (Private) Limited Ordinary Shares 28-Jun-19 20 Master City Limited Ordinary Shares 28-Jun-19 SECURITIES DELISTED/REVOKED FROM CDS

S. No. Security Name Security Type Delist Date 1 Limited - Commercial Paper (2nd Issue) Debt Instruments 1-Apr-19 2 Pak Elektron Limited-Sukuk Certificates Debt Instruments 9-Apr-19 3 K-Electric Ltd. - Azm-Sukuk Certificates#3 (24-02-14) Debt Instruments 12-Apr-19 4 K-Electric Ltd. - Islamic Commercial Paper Debt Instruments 12-Apr-19 5 Pak Elektron Limited - Sukuk Certificates (2nd Issue) Debt Instruments 19-Apr-19 6 Al-Zamin Leasing Modaraba-TFC Debt Instruments 29-Apr-19 7 Pak Elektron Limited - TFC (2nd Issue) Debt Instruments 3-May-19 8 Descon Oxychem Ltd.-Conv., Cum. Redeemable Preference Shares Preference Shares 8-May-19 9 Limited - TFC Debt Instruments 9-May-19 10 Jahangir Siddiqui & Company Ltd.-TFC 3rd Issue (08-04-14) Debt Instruments 13-May-19 11 Pak Elektron Limited - Sukuk Certificates (4th Issue) Debt Instruments 30-May-19 12 B.R.R. Guardian Modaraba - TFC Debt Instruments 24-Jun-19 10 THE

CUSTODIANSLATE CORPORATE ACTIONS CREDIT OF NEW ISSUES/OFFER FOR SALE

S. No. Security Name Issue Type Security Type Apply Date 1 Matco Foods Limited New Issue - 9th Ordinary Shares 2-Apr-19 Tranch 2 Interloop Limited New Issue - IPO Ordinary Shares 3-Apr-19 (Book Building & General Public Portion) 3 Interloop Limited New Issue - IPO Ordinary Shares 8-Apr-19 (2nd Tranch) 4 Interloop Limited New Issue - IPO Ordinary Shares 9-Apr-19 (3rd Tranch) 5 Interloop Limited New Issue - IPO Ordinary Shares 10-Apr-19 (4th Tranch) 6 The Hub Power Company Limited - Sukuk Certificates New Issue Debt Instruments 10-Apr-19 7 Engro Polymer & Chemicals Limited - Sukuk Certificates New Issue Debt Instruments 11-Apr-19

8 Interloop Limited New Issue - IPO Ordinary Shares 11-Apr-19 (5th Tranch) 9 Interloop Limited New Issue (6th Ordinary Shares 15-Apr-19 TRANCHE) 10 Interloop Limited New Issue (7th Ordinary Shares 16-Apr-19 TRANCHE) 11 Interloop Limited New Issue (8th Ordinary Shares 18-Apr-19 TRANCHE) 12 At-Tahur Limited New Issue - IPO Ordinary Shares 18-Apr-19 (12th Tranch) 13 Interloop Limited New Issue (9th Ordinary Shares 22-Apr-19 TRANCHE) 14 K-Electric Limited - Islamic Commercial Paper (ICP-2) New Issue Debt Instruments 23-Apr-19

15 Interloop Limited New Issue (10th Ordinary Shares 24-Apr-19 TRANCHE) 16 Interloop Limited New Issue (11th Ordinary Shares 25-Apr-19 TRANCHE) 17 Pakistan Energy Sukuk - I New Issue Debt Instruments 25-Apr-19 18 Interloop Limited New Issue (12th Ordinary Shares 26-Apr-19 TRANCHE) 19 Interloop Limited New Issue (13th Ordinary Shares 2-May-19 TRANCHE) 20 Interloop Limited New Issue (14th Ordinary Shares 6-May-19 TRANCHE) 21 Interloop Limited New Issue (15th Ordinary Shares 7-May-19 TRANCHE)

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S. No. Security Name Issue Type Security Type Apply Date 22 Habib Metro Modaraba New Issue (13th Ordinary Shares 8-May-19 TRANCHE) 23 Interloop Limited New Issue (16th Ordinary Shares 9-May-19 TRANCHE) 24 Interloop Limited New Issue (17th Ordinary Shares 10-May-19 TRANCHE) 25 Interloop Limited New Issue (18th Ordinary Shares 13-May-19 TRANCHE) 26 Interloop Limited New Issue (19th Ordinary Shares 14-May-19 TRANCHE) 27 AGP Limited New Issue (17th Ordinary Shares 15-May-19 TRANCHE) 28 Interloop Limited New Issue (20th Ordinary Shares 16-May-19 TRANCHE) 29 Interloop Limited New Issue (21st Ordinary Shares 16-May-19 TRANCHE) 30 At-Tahur Limited New Issue-IPO Ordinary Shares 20-May-19 (13th TRANCHE) 31 Interloop Limited New Issue (22nd Ordinary Shares 21-May-19 TRANCHE) 32 The Hub Power Company Limited - Sukuk Certificates New Issue Debt Instruments 22-May-19 (2nd Issue) 33 Interloop Limited New Issue (23rd Ordinary Shares 24-May-19 TRANCHE) 34 Matco Foods Limited New Issue - 11th Ordinary Shares 27-May-19 TRANCHE 35 Interloop Limited New Issue (24th Ordinary Shares 28-May-19 TRANCHE) 36 The Hub Power Company Limited - Commercial Paper New Issue Debt Instruments 30-May-19

37 Interloop Limited New Issue (25th Ordinary Shares 31-May-19 TRANCHE) 38 Refund Bond New Issue Ordinary Shares 31-May-19 39 Interloop Limited New Issue (26th Ordinary Shares 13-Jun-19 TRANCHE) 40 Interloop Limited New Issue (27th Ordinary Shares 18-Jun-19 TRANCHE) 41 Interloop Limited New Issue (28th Ordinary Shares 24-Jun-19 TRANCHE) 42 Kifayah Investment Management Limited New Issue Ordinary Shares 25-Jun-19

43 Refund Bond - 1 (27-06-22) New Issue Ordinary Shares 28-Jun-19

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CREDIT OF SHARES / CERTIFICATE AGAINST RIGHT ISSUE / FURTHER ISSUE

S. No. Security Name To Apply Date 1 Zephyr Power (Private) Limited Right Issue 16-Apr-19 2 Symmetry Group Limited Right Issue 18-Apr-19 3 Fauji Akbar Portia Marine Terminals Limited Right Issue 19-Apr-19 4 Thalnova Power Thar (Private) Limited Right Issue 22-Apr-19 5 Zephyr Power (Private) Limited Right Issue 22-Apr-19 6 Husein Sugar Mills Limited Right Issue 23-Apr-19 7 Metro Habib Cash & Carry Pakistan (Private) Limited Right Issue 24-Apr-19 8 Hub Power Holdings Limited Right Issue 29-Apr-19 9 Bank Alfalah Limited Further Issue 10-May-19 (Without Right Offer) - ESOS 10 Unity Foods Limited Right Issue 15-May-19 11 Thar Energy Limited Right Issue 16-May-19 12 Hub Power Holdings Limited Right Issue 14-Jun-19 13 Orthopaedic And Medical Institute (Pvt.) Limited Right Issue 18-Jun-19 14 Universal Packaging Company (Private) Limited Right Issue 27-Jun-19 15 Avanceon Limited Further Issue - ESOS 27-Jun-19 16 The Hub Power Company Limited Right Issue 28-Jun-19

CREDIT OF UNPAID RIGHTS S. No. Security Name Apply Date 1 Luna Pakistan (Private) Limited 12-Apr-19 2 Thalnova Power Thar (Private) Limited 16-Apr-19 3 Thar Energy Limited 23-Apr-19 4 The Hub Power Company Limited 2-May-19 5 International Packaging Films (Private) Limited 10-May-19 6 Luna Pakistan (Private) Limited 15-May-19 7 Hub Power Holdings Limited 29-May-19 8 Universal Packaging Company (Private) Limited 30-May-19 9 Escorts Investment Bank Limited 19-Jun-19

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CREDIT OF BONUS ISSUE

S.No. Security Name % Of Bonus Declared Apply Date

1 Askari General Insurance Company Limited Bonus (15%) 6-May-19

2 Atlas Insurance Limited Bonus (10%) 7-May-19 3 Highnoon Laboratories Limited Bonus Issue (10%) 14-May-19 4 Avanceon Limited Bonus Issue (40%) 16-May-19 5 Hascol Petroleum Limited Bonus Issue (10%) 16-May-19 6 Matco Foods Limited BONUS ISSUE - 2nd Tranche 17-May-19 7 Service Industries Limited Bonus Issue (25%) 22-May-19 8 Systems Limited Bonus Issue - 10% 23-May-19 9 Limited Bonus Issue - 10% 23-May-19

10 Pakistan Oxygen Limited Bonus Issue - 30% 27-May-19 11 Meezan Bank Limited Bonus Issue - 10% 31-May-19

DETAIL OF CHANGE OF R/TA (LISTED & UNLISTED)

S. No. Security Name From To Effective Date

1 Masood Textile Mills Limited Orient Software & Corptec Associates 9-Apr-19 Management Services (Pvt.) Ltd. (Pvt) Ltd. 2 Berger Paints Pakistan Limited THK Associates (Pvt.) Limited Corplink (Pvt.) Limited 9-Apr-19 3 Masood Textile Mills Limited - Orient Software & Corptec Associates 9-Apr-19 Cumulative Preference Shares Management Services (Pvt.) Ltd. (Pvt.) Ltd.

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PSX AND CDS SUMMARY AS OF MARCH 31, 2019

1 Listed Companies at PSX 544 2 Listed Capital at PSX (in Billion) 1340 3 Number of shares in CDS (in Billion) 142.92 4 Units of Open-End funds in CDS (in Million) 602.52 5 Units of TFCs, Sukuks and Bonds in CDS (in Million) 130.35 6 Market Capitalization in PSX (in Billion) 6887.30 7 Market Capitalization of shares in CDS (in Billion) 4265.65 8 Percentage of shares in CDS w.r.t. Share Capital * 86.31% *Excluding GoP holding

SHARES TRADED AT PSX DURING LAST 6 MONTHS TURNOVER OF SHARES MARKET CAPITALIZATION MONTH CLOSING READY FUTURE CONTRACT (RS. IN MILLION) (NO. IN MILLION) (NO. IN MILLION) January 3,237 1,486 8,124,078 February 2,923 1,273 7,817,672 March 2,526 1,141 7,868,605 April 3,293 1,469 7,505,308 May 2,775 1,125 7,240,438 June 2,568 1,086 6,887,301 Source: PSX Quotation

PSX 100 INDEX DURING LAST 6 MONTHS

41,000 40,800 40,000 39,055 39,000 38,000 38,649 36,784 37,000 35,975 36,000 35,000 33,902 34,000 33,000

January February March April May June

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19 (92-42) 36368484-5 (92-42) 36368000-3