Faysal Bank Limited’s public announcement of offer to purchase shares of Askari Bank Limited Information regarding acceptance of offer

Karachi, May 16, 2013 (PPI-OT): This is with reference to the Public Offer (PO) made by Fauji Foundation, Fauji Fertilizer Company Limited and Fauji Fertilizer Bin Qasim Limited (“Acquires”) for acquisition of 173,537,891 ordinary shares of Askari Bank Limited (AKB).

As a result of above public offer, Acquires received 2,797 applications (excluding incomplete and discrepant applications) under which 234,107,111 shares were tendered. As per takeover laws (listed Companies (Substantial Acquisition of voting Shares and Take-Overs) Ordinance, 2002 and related regulations), we have fully accepted applications tendering shares 500 and below lot whereas the remaining successful shares have been accepted based on prorate percentage calculated as under:

Total Successful Applications                               234,107,111.00
Less: Total Shares of 500 and below lots                         87,003.00
Balance Shares of prorata application                       234,020,108.00
Public Offer                                                173,537,891.00
Less: Total Shares of 500 and below lots                         87,003.00
Balance of PO Shares for prorata application                173,450,888.00
Prorata %                                                          74.118%

Above prorata percentage was applied on applicants who tendered shares more than 500 lot, and Acquirers have accepted 1,217 shares in excess of the Public Offer because of rounding-off in favour of shareholders.

Based on above workings Acquirers have accepted total 173,539,108 ordinary shares of AKBL.

The above is for the information and circulation to the members of yours Exchange(s).

For more information, contact:
Syed Rizwan Ali
Investment Banking
Faysal Bank Limited
Faysal House, ST.02, Shahrah-e-Faisal,
Karachi, Pakistan.
UAN: 021 111 747 747
Tel: 021 3279 5200
Fax: 021 3279 5228
Email: www.faysalbank.com