Subscription of Right shares of East West Life Assurance Company Limited

Karachi, East West Life Assurance Company Limited informed Pakistan Stock Exchange that their right share subscription is under subscribed on the last payment date. Now the company arranges payment of under subscribed right shares as per term and condition of the underwriting agreement the Company. Further, the Company also furnished auditor certificate thereof confirming receipt of full amount in cash of right issue. East West Life Assurance Company Limited is a company established in the year 1992 at Quetta under the name of The Metropolitan Life Assurance Company of Pakistan Limited. The foundations of the company are laid under the Companies Ordinance, 1984. The name of the company was changed to East West Life Assurance Company Limited in 2008. The sponsors of the company were already engaged in general insurance business under the name of East West Insurance Company Limited. The company commenced underwriting life insurance business and made progress in the field of life and health insurance businesses. The company has nearly 20 offices nationwide and is a member of the Insurance Association of Pakistan. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The symbol “EWLA” is being used by the stock exchanges for the shares of East West Life Assurance Company Limited.