Material Information of Crescent Star Insurance Limited

Karachi: Crescent Star Insurance Limited informed Pakistan Stock Exchange that the Company is in the process of launching its retail brand and will be entering into the business of products related to beauty/fashion and luxury items carrying various international brands for selling through Company’s planned retail outlets and distribution channels being launched by the Company under its strategy across Pakistan. Further, the Company intends to open three stores in the first year in Karachi/Lahore and Islamabad and will be followed by more stores in other cities of Pakistan. Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan. The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner’s policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services. The symbol “CSIL” is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.