BOARD OF DIRECTORS PROFILE

Mr. Muhammad Bilal Sheikh | Chairman - Non Executive Director

Mr. Muhammad Bilal Sheikh is currently a CEO of Sindh Leasing Company Limited (SLCL). Prior to joining SLCL he was President and CEO of Sindh Limited. Mr. Sheikh is a seasoned banker with over 45 years of diversified experience in banking with an impressive track record of managing the institution he has served /headed. He has headed several /financial institutions in the last 15 years. Prior to joining Ltd., he has served as President & CEO of MyBank, President & CEO, PICIC , Chairman, NDFC and DMD, PICIC Corporation Ltd. He started his banking career with the MCB Bank and rose to senior positions.

Syed Hasan Ali Naqvi | Non Executive Director

Mr. Naqvi has over 18 years of experience where he has served in various positions in the Government of Sindh (GoS). Mr. Naqvi has done his bachelors of Engineering from NED University of Engineering & Technology and passed the Civil Superior Services (CSS) examination in 1996 and is currently serving as Secretary Finance (Government of Sindh).

Syed Shahnawaz Nadir Shah | Non Executive Director

Syed Shahnawaz Nadir Shah is the Chief Investment Specialist attached to Sindh Fund Management House (SFMH), Finance Department, Government of Sindh. SFMH is an investment arm of GoS which has been created and strengthened through technical assistance of the Asian Development Bank. Thirteen different invest funds are managed by SFMH. Mr. Shah holds an MBA Degree from the IBA, . He has over 10 years of diversified experience in Investment and Finance and has worked at PICIC Asset Management Company Ltd., AMZ Asset Management Ltd, Fortune Securities, etc.

Mr. Muhammad Shahid Murtaza | Independent Director

Mr. Murtaza is professional banker having served the banking sector in various important capacities locally and internationally. He is an MBA from University of Hawaii, USA besides having bachelor degree from Agra University. His total experience is over 41 years, managing diversified roles in Retail, Corporate and Investment Banking. He held important positions in Warid Telecom and Ltd. He is working as a consultant and Advisor to Al-Abid Silk Mills Ltd and also is on the Board of Sindh Bank as nominee director of Government of Sindh. He was inducted into the Board of Sindh Bank after the complying with 's fit & proper criteria.

Mr. Asif Haider Mirza | Independent Director

Mr. Asif H. Mirza is currently a Managing partner of "IQ Capital Plus" primarily engaged with Public Private Partnerships (PPP) projects of Ministry of Finance for Govt. of Sindh and Khyber Pukhtunkhwa (KPK). Prior to his current assignment Mr. Asif has served as Group CFO in LMKR, as CEO in Safeway Fund Limited, SEVP Investments & Corporate Finance in Crescent Leasing Corporation Limited. Mr. Asif is a Fellow Member of the Institute of Chartered Accountants of Pakistan.

Mr. Naim Farooqui | Director & Chief Executive Officer

Mr. Naim Farooqui has served as the CEO of SLCL from January 01, 2014 to December 04, 2015. After his resignation from SLCL, he was appointed the President & CEO of Sindh Bank Limited. He resigned from Sindh Bank on April 15th, 2016 and was appointed as Executive Director, SLCL and has now been appointed CEO/Director of Sindh Modaraba Management Limited. He is an MBA from Texas Southern University, and also holds a Bachelor of Science Degree in Industrial Engineering from the University of Houston, USA. He has an overall banking experience of more than 32 years, mainly in Corporate and Investment Banking. His experience in the financial sector includes Sindh Bank Ltd., Pak-Kuwait Investment Co. Ltd., ORIX Investment Bank (OIB) as its Chief Executive Officer (1998-2009). During his association with OIB he served as a Director on the Board of ORIX Leasing Pakistan Ltd. He has also served as Managing Director, Operations, Asian Finance and Investment Corporation Ltd., Manila, Philippines (an affiliate of Asian Development Bank). He started his career in Financial Institutions with National Development Finance Corporation in 1983. Prior to this he served as an engineer in the United States.

PATTERN OF SHAREHOLDING

1. Incorporation Number: 71/2014

2. Name of the Company: SINDH MODARABA

3. Pattern of holding of the shares held by the shareholders as at 30-JUN-16

No. of Total Shares Shareholders Shareholdings Held

55 Shareholding From 1 To 100 446 538 Shareholding From 101 To 500 269,000 59 Shareholding From 501 To 1000 59,000 51 Shareholding From 1001 To 5000 122,554 5 Shareholding From 5001 To 10000 35,500 2 Shareholding From 10001 To 15000 23,500 1 Shareholding From 15001 To 20000 19,000 2 Shareholding From 20001 To 25000 45,500 1 Shareholding From 35001 To 40000 37,500 1 Shareholding From 200001 To 205000 203,500 1 Shareholding From 1335001 To 1340000 1,337,000 1 Shareholding From 42845001 To 42850000 42,847,500 ------717 45,000,000 ======

Categories of Shareholders Shares Held Percentage % DIRECTORS, CHIEF EXECUTIVE OFFICER, AND THEIR SPOUSE AND MINOR CHILDREN

MOHAMMAD NAEEMUDDIN FAROOQUI 1,000 JAVED IOBAL 500 MUHAMMAD BILAL SHEIKH 3,000 Sub-Totals : 4,500 0.01

ASSOCIATED COMPANIES, UNDERTAKING AND RELATED PARTIES.

SINDH MODARABA MANAGEMENT LTD. 42,847,500 Sub-Totals : 42,847,500 95.22

MODARABAS AND MUTUAL FUNDS.

CDC - TRUSTEE NAFA STOCK FUND 1,337,000 Sub-Totals : 1,337,000 2.97

OTHERS

PEARL SECURITIES LIMITED 203,500 CASSIM INVESTMENTS (PRIVATE) LIMITED 37,500 Sub-Totals : 241,000 0.54

Individual

Local - Individuals 570,000 Sub-Totals : 570,000 1.26

------G-Totals : 45,000,000 100.00 ======