Oil and Gas Development Company Limited’s Material Information

Karachi: It is to inform you that Government of Pakistan is in the process of issuing Bonds exchangeable into the shares of Oil and Gas Development Company Limited. (OGDC)The Bonds will be traded on Singapore Stock Exchange. In this regard following information has been uploaded on the Company’s webpage (www.ogdcl.com/news/news.asp):

i. Preliminary Reserves Report – Executive Summary,
ii. Latest Operational Highlights,
iii. Development and Production Lease Map,
iv. Exploration License Map, and
v. Accounts for the period July 2010 – April 2011 compared with correspondence period of last year along with Auditors Review.

2. The above is being provided to you in compliance with the requirements of Clause No. (xxiii) of the Code of Corporate Governance.

For more information, contact:
Basharat A. Mirza
General Manager (SCM)
Oil and Gas Development Company Limited
OGDCL House, Plot No. 03
Blue Area Islamabad
Fax: +9251 9215090
Tel: +9251 2623029