Clarification of Announcement of Pakistan International Bulk Terminal Limited

Karachi, Pakistan International Bulk Terminal Limited informed Pakistan Stock Exchange that their announcement of the right issue dated December 22, 2016 in this respect please note that January 09, 2017 shall be considered and read instead of January 17, 2017 for right entitlement and accordingly that members whose names appear in the register of the members at the close of business on January 09, 2017 shall be entitled to the receipt of letter of rights or credit of unpaid rights in their sub-accounts with the Central Depository Company of Pakistan Limited as the case may be there is no change the book closure date already announced. Pakistan International Bulk Terminal Limited was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. On July 11, 2011, the company was converted as an unquoted public company limited. It is in a start up phase and has its registered office located in Karachi. The company has entered into a build operate transfer contract with the Port Qasim Authority on November 8, 2010 for the exclusive construction, development, operations and management of a coal and clinker/ cement terminals for a period of thirty years. The services of the company include providing dirty cargo terminal in Pakistan with mechanized handling of cargo. The symbol “PIBTL” is being used by the stock exchanges for the shares of Pakistan International Bulk Terminal Limited.