Karachi, July 20, 2012 (PPI-OT): With reference an Article in todays “The News” (copy enclosed) and further to our letter of July 10, 2012 (copy enclosed), we would like to clarify that the Company’s subsidiary, Engro Fertilizers Ltd, has initiated discussions with banks/financial institutions for lengthening maturities of its long term loans obtained from such banks/ financial institution. Further, these discussions relate only to Engro Fertilizers and have been necessitated because of the gas curtailment issues it is facing, and do not relate to the loan obligations and maturities of Engro Corporation Limited (ENGRO) or any of its other Subsidiaries.
For more information, Contact:
Andalib Alavi
Company Secretary
Engro Corporation Limited
8th Floor, The Harbor Front Building,
HC-3, Marine Drive, Block 4,
Clifton, Karachi 7560 Pakistan
T: 00 92 (21) 35297501-10
T: 00 92 (21) 111-211-211
F: 00 92 (21) 35870669
Web: www.engro.com