Security Papers Limited’s filing of special resolution

Karachi: In compliance with the Listing Regulation 18(2), we are pleased to file herewith certified true copy of Special Resolution passed by the Shareholders of the Company at the 46th Annual General Meeting held at Karachi on August 25, 2011.

Extract From Minutes of 46th Annual General Meeting Held on August 25, 2011

“RESOLVED that the Company be and is hereby authorized to avail / seek disbursement in respect of the financing facility obtained from Bank Al-Habib Limited to the extent of Rs 1.00 billion for the purposes of the balancing, modernization and replacement (BMR) programme of the Company on such terms and conditions as the directors of the Company may deem fit and to negotiate the terms of the said financing and execute the necessary financing and security documents with lenders in this respect.”

“FURTHER RESOLVED that the amount previously obtained by the Company in excess of its paid up capital be and is hereby ratified by the shareholders.”

For more information, contact:
Muhammad Abdul Aleem
Company Secretary
Security Papers Limited
Jinnah Avenue, Malir Hlat,
Karachi –75100.
Ph: (92) 021-92 48286
Fax No: (92) 021-92 48286