Pakistan International Container Terminal Limited’s results of the BOD Meeting held on Monday, April 30, 2012

Karachi: We have to inform you that the meeting of Board of Directors started at 4:00 p.m. on Monday, April 30, 2012. Board of Directors recommended the following:

i) Cash Dividend: Nil

ii) Bonus Shares: Nil

iii) Right Shares: Nil

iv) Any Other Entitlement/Corporate Action:

The Board of Directors of the Company has decided to redeem the 18,000,000/- outstanding 10% cumulative Preference Shares at Rs. 10/- (par value) along with the pro-rata dividend on these preference shares on July 04, 2012.

Date of Book closure will be communicated to the Exchange in due course shortly for the determination of the entitlement of the redemption of preference shares and the pro-rata dividend thereon.

v) Any Other Price-Sensitive Information: Nil

The financial results of the Company as of March 31, 2012 are as follows:

Annexure “A”

Condensed Interim Profit and Loss Account for the Nine Months Period Ended March 31, 2012 (Un-Audited)

For more information, Contact:
Pakistan International Container Terminal Limited
2nd Floor, Business Plaza,
Mumtaz Hassan Road,
Karachi74000, Pakistan
Tel: (+9221) 32400450-3, 32417933
Fax: (+9221) 32400281-32414492
Website: www.pict.com.pk
E-mail: info@pict.com.pk