Board of directors meeting of Dewan Cement Limited

Karachi, Dewan Cement Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on September 21, 2016 at Karachi. The agenda of the meeting is to consider and approved raising of further authorized capital of the Company from Rs. 5,000,000,000/- dividend into 500,000,000 ordinary shares Rs.10/- each, to Rs. 7,500,000,000/- dividend into 750,000,000 ordinary shares of Rs. 10/- each, and to effectuate consequent alteration in the memorandum and articles of association of the Company.

Dewan Cement Limited was incorporated in Pakistan as a public limited company in March, 1980. The foundations of the company have been laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture and sale of cement. The company has two production facilities at Karachi and Khyber Pakhtunkhwa. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.

The symbol “DCL” is being used by the stock exchanges for the shares of Dewan Cement Limited.