Board meeting of Standard Chartered Leasing Limited to be held on January 21, 2016

Karachi, Standard Chartered Leasing Limited informed Pakistan Stock Exchange about the board meeting of the company scheduled will be held January 21, 2016 at Karachi. The agenda of the meeting shall be consider and approve scheme of amalgamation of the company with ORIX Leasing Pakistan Limited and approval of cash price/share swap ratio for the company minority shareholders.

Further, the closed period of the company shall be from January 14, to January 21, 2016(both days inclusive).

Standard Chartered Leasing Limited was established in 1993 and has maintained a market position by catering to the customers leasing and investment needs, through customized solutions which are cost effective and simple. The core business of the company is lease financing with a focus on corporate, small and medium enterprises. It also offers unique investment opportunities to individual and corporate / SME customers through Certificates of Investment, which provide flexible investment options. The company is a subsidiary of Standard Chartered Bank Pakistan Limited which holds 86.45% shares of the company. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The authorized capital of SCLL is Rs. 1 billion with paid up capital of Rs. 978 million. This amply meets the minimum capital requirement of the Securities and Exchange Commission of Pakistan.

The symbol “SCLL” is being used by the stock exchanges for the shares of Standard Chartered Leasing Limited.