Board of Directors’ Meeting announcement by Millat Tractors Limited

Karachi, August 19, 2013 (PPI-OT): Please refer to our letter of even number and date regarding approval of results for the year ended June 30, 2013 and recommendation of bonus shares @ 10% i.e., one Bonus Share for every ten ordinary shares held and write to inform you that. 1. The requirements of Rule 6 of the Companies (issue of capital) Rules, 1996 have been met. A copy of the Auditors Certificate dated August 16, 2013 is attached for your reference and record. 2. The Bonus Share Certificates shall be dispatched to the shareholders within 30 days from the re-opening of Share Transfer Register as required. 3. In the first instance, the Jumbo Bonus Shares Certificates shall be issued free of cost with the undertaking that the company shall split these shares into marketable lot of 500 shares. 4. The Board of Directors has also recommended that the sale process of fractional entitlements shall be paid to Charitable Institution (s) when realized. This farms part of resolution to be passed by the shareholders in the forthcoming Annual General Meeting. 5. The listing fee for the capitalized amount shall be remitted in due course. 6. The Exchange shall be informed of the dispatch of Bonus Shares Certificates. Certificate on Residual Free Reserves for the Issue of Bonus Shares As desired, we have ascertained from the Company’s audited financial statements for the year ended 30 June2013, that the residual “free reserves”, in terms of the meaning given to “free reserves” in the Companies (Issue of Capital) Rules, 1996, after the proposed issue at bonus shares of a face value of Rs. 40.3 million would be higher than twenty five percent of the increased paid up capital of Rs. 442.9 million. This certificate has been issued at the request of the Company for the purpose of issue of bonus shares in accordance with Rule 6 of the Companies (Issue of Capital) Rules 1996. For more information, contact: Mian Muhammad Saleem Company Secretary Millat Tractors Limited P. O. Box No. 12023, Sheikhupura Road, Shahdara, Lahore, Pakistan. Tel: 92-423-7911021-25, UAN: 111-200-786 Fax: 92-423-7924166 / 92-42-7925835 Web: www.millat.com.pk E-mail: info@millat.com.pk