Fulfillment of obligations of the acquirer for the proposed acquisition of 30,456,418 shares of Descon Chemicals Limited

Karachi, Arif Habib Limited informed Pakistan Stock Exchange that the Acquirers have fulfilled all the obligations of the Acquirer under the Listed Companies (Substantial Acquisition of Voting Shares & Take Overs) Regulations, 2008 (the “Regulations”) and Securities Act, 2015 and that payments have been dispatched to all the shareholders who tendered their shares as part of this Offer.

Arif Habib Limited is a public listed company incorporated in Pakistan under the Companies Ordinance, 1984. It was initially incorporated as an unquoted public limited company wholly owned by Arif Habib Corporation Limited. The company is engaged in providing brokerage and corporate finance services to a large number of institutional, corporate, high net worth individuals and retail clients. The shares are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.

The parent company holds 69% shares of the company and offered its 25% share holding in the company to general public and obtained listing on the Karachi Stock Exchange Limited on January 31, 2007. The company is holder of Trading Right Entitlment Certificate of Karachi, Lahore and Islamabad Stock Exchanges. The principal activities of the company are Investments in a mix of listed and unlisted equity and debt securities and reverse repurchase transactions, share brokerage, interbank brokerage, initial public offer underwriting, advisory and consultancy services.

The symbol “AHL” is being used by the stock exchanges for the shares of Arif Habib Limited.