Southern Networks Limited’s material information

Karachi: In accordance with Listing Regulation No. 30-A of the Listing Regulations of the Karachi Stock Exchange (Guaranteed) Limited, we are pleased to convey the following information:

The Board of Directors in its meeting held on 22nd March, 2012 has unanimously resolved as under:

“Resolved that the consequent upon revocation of eligibility of Southern Networks Limited (SNL) ordinary shares by CDC and suspension of’ trading by Karachi Stock Excising, the majority shareholders have agreed to purchase the shares from all minority shareholders”

“Further resolved that Company Secretary is hereby directed to initiate the voluntary de-listing process under the Listing Regulations of Karachi Stock Exchange and take all necessary steps in this regards.”

For more information, Contact:
Southern Networks Limited
5-Y, Block- 6, P.E.C.H.S.,
Behind Hotel Faran, Nursery,
Karachi- 75100, Pakistan
UAN: 111 222 333
Fax: (92 21) 4386948

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