Jahangir Siddiqui and Company Limited’s material Information

Karachi: This is to inform you that Jahangir Siddiqui and Company Limited (JSCL) has signed a Share Purchase Agreement with ICISI Mauritius Limited for sale of shares of Pakistan International Container Terminal Limited (“PICTL”) under the said Agreement, JSCL shall sell a minimum of 13,000,000 shares of PICTL at a price of Rs.150 per share. The above sale of shares shall be subject to the obtention of applicable regulatory approvals by ICISI Mauritius limited.

In addition JSCL has also signed a Shareholders’ Agreement with ICTSI Mauritius Limited and Premier Mercantile Services (Private) Limited. Under the Shareholders Agreement the Parties have agreed on the terms and conditions of the constitution, shareholding and management of PICTL and their relationship inter se.

The above information is disseminated to the stock exchange in compliance with Clause (xxiii) of the Code of Corporate Governance.

For more information, contact:
Farah Qureshi
Company Secretary
Jahangir Siddiqui and Company Limited
6th Floor, Faysal House
Karachi.75530, Pakistan
UAN: +9221 111 574 111
Dir: +9221 3279 9556
Fax: +9221 32800090

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