AICL | Adamjee Insurance Company Limited Disclosure Under Section 110 of the Securities Act 2015 and Regulation (4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation 2017

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SGI/SECP/ July 21, 2025

The Compar.y Secretary, Adamjee Insurance Co. Ltd. Adamjee House,

6" Floor,

I.I. Chundrigar Road, Karachi.

The General danger, Pakistan Stock Exchange, Stock Exchange Building, Stock Exchange Road, Karachi.

Executive Director,

Surveillance, Supervision & Enforcement Deptt. Securities & Exchange Commission of Pakistan, NIC Building, Jinnah Avenue, Blue Area, Islamabad

Dear Sir(s),

In compliance with the provisions of Section 110 of the Securities Act, 2015 and Regulation (4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation, 2017, please find attached disclosure on prescribed format.

Since ly

Yours

Khalid Mahmood olsan Company $ecre

Head Office: ssl House, 18-C/E-1, Gulberg-III, Lahore • 54660 - Pakistan. Tel: 92 42 35775024•29, 35775032-3 Fax: 92 4235775030 E-mail: sgi@sgicl.com

SCHEDULE III

Disclosure under section 110(1) of the Act [Regulation 4(2)]

21-Jul-2025

Part-A

It is notified pursuant to Section 110 of the Securities Act, 2015 read with Regulation 4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation, 2017, that we the Security General Insurance Company Limited ("SGI") have acquired on 17 July 2025, 2,950,000 voting shares of Adamjee Insurance Company Limited ("AICL") at an average rate of Rs. 73.02 per share. On account of this acquisition our total shareholding in AICL is 37,187,737 shares which represents 10.63% of the total issued voting shares of AICL, as our previous holding in AICL was 34,237,737 shares.

Part-B

Particuiars of the Acquirer(s)

1. Name: Security General Insurance Company Limited

2. Registered address: SGI House, 18-C/E-1, Gulberg-III, Lahore.

3. CUIN:

4. Date of incorporation:

5. Jurisdiction of incorporation: Pakistan

6. Authorized share capital: Rs. 1,000,000,000 (Rupees One Billion Only) divided in to 100,000,000 (One Hundred IVlillion) ordinary shares of Rs. 10/- each.

7. Issued share capital: Rs. 680,625,000 (Rupees Six Hundred Eighty IV'IilIion Six Hundred Twenty Five Thousand Only) divided into 68,062,500 (Sixty Eight Million Sixty Two Thousand Five Hundred) ordinary shares of Rs. 10/- each

   Name and addresses of sponsors or persons having control over the acquirer :
   
   

   • Mrs. Naz IV!ansha

     28-Main Gulberg, Lahore.

   • Mr. Raza I'v'Iansha

     43-TufaiI Road, Lahore Cantt.

     Mr. Umer Mansha

     319, West Canal Bank, Lahore.

     1 I ** Head Office: ssi » », 18-C/E-1, Gulberg•lll, Lahore - 54660 - Pakistan. Tel: 92 4235775024-29, 35775032•3 Fax: 92 4235775030 E•mail: sgi@sgicl.com

     
     
     

     Mr. Hassan Mansha

     28-Main Gulberg, Lahore.

   • Mrs. Ammil Raza Mansha

     43-TufaiI Road, Lahore Cantt. Nishat Mills Limited

     Nishat House, 53-A, Lawrence Road, Lahore

   • Adamjee Insurance Company Limited

Adamjee House, 80/A, Block E-1, Main Boulevard, Gulberg III, Lahore.

1. Names and addresses of board of directors of the acquirer :

   • Mr. Hassan Mansha - Chairman 28-Main Gulberg, Lahore

     Mrs. Iqraa Hassan Mansha

     28-Main Gulberg, Lahore Mr. Ismail Aamir Fayyaz

     H.No.86, Arif Jan Road, Lahore. Mr. Zulfiqar Monnoo

     9-H Gulberg II, Lahore

   • Mrs. Nabeela Waheed

House No. 155, Cavalary Ground, Street No. 4, Lahore. Khawaja Khalil Shah

House No. 36-A, BLOCK-G, Gulberg-III, Lahore. Mr. Farrukh Aleem - Chief Executive Officer House No. 39-E, Tariq Garden, Lahore.

Part C

1. In case of fund/ company, the following details of each person acting in concert:

   1. a. Name: Nishat IVlills Limited

      1. Registered Address : Nishat House, 53-A, Lawrence Road, Lahore.

      2. CUIN : 0001053

      3. Date of Incorporation : 16-11-1959

      4. Jurisdiction of Incorporation : Lahore

      5. Authorized Capital : Rs. 11,000,000,000 (Rupees Eleven Billion only) dividend into 1,100,000,000 (One Billion One Hundred Million) shares of Rs. 10/-each.

      6. Issued Capital Rs. 3,515,998,480 (Rupees Three Billion Five Hundred Fifteen Million Nine Hundred Ninety Eight Thousand Four Hundred Eighty only) dividend into 351,599,848 (Three Hundred Fifty One Million Five Hundred Ninety Nine Thousand Eight Hundred Forty Eight) shares of

         2 | :i e

         Head Office: sGl House, 18-C/E-1, Gulberg-III, Lahore - 54660 - Pakistan. Tel: 92 4235775024•29, 35775032•3 Fax: 92 42 35775030 E•mail: sgi@sgicl.com

         
         
         

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         (Incorporated in Pakistan) AA"by vls

         Rs. 10/- each.

      7. Name and addresses of sponsors or persons having control over the person acting in concert:

         1. Begum Naz Manhsa, 28-Main Gulberg, Lahore.

         2. Mr. Raza Mansha, 43-Tufail Road, Lahore Cantt., Lahore.

         3. Mr. Umer Mansha, House No. 319, West Canal Bank, Lahore.

         4. Mr. Hassan Mansha, 28-Main Gulberg, Lahore.

         5. Mrs. Ammil Raza Mansha, 43-TufaiI Road, Lahore Cantt., Lahore.

         6. Mr. Mikail Raza Mansha, 43-TufaiI Road, Lahore Cantt., Lahore.

         7. D.G. Khan Cement Co, Ltd, 53-A Lawrence Road, Lahore.

         8. Nishat Real Estates Development Co. (Pvt) Ltd., 53-A Lawrence Road, Lahore.

         9. Nishat (Aziz Avenue) Hotels and Properties Ltd., 53-A Lawrence Road, Lahore.

      8. Names and addresses of Board of Directors :

         1. Mr. Umer Mansha, Chief Executive Officer House No. 319, West Canal Bank, Lahore.

         2. IVIr. Hassan IVlansha, Chairman 28-Main Gulberg, Lahore.

         3. Mrs. Mehak Adil

            House No. 4-D, Shabbir Road, Lahore Cantt., Lahore

         4. Mrs. Sara Aqeel

            House No. 4-B, Nawazish Lane, Shabbir Road, Lahore Cantt., Lahore.

         5. Syed Zahid Hussain, Nominee NIT

            C/o NIT Ltd., 6thFloor, NBP Building, I.I. Chundrigar Road, Karachi.

         6. IVlr. Farid Noor Ali Fazal

            House No. 237 GG, Phase 4, DHA, Lahore Cantt., Lahore.

         7. Mr. Mahmood Akhtar

91/4-E, E-Block, Model Town, Lahore.

i.ii a. Name: D. G. Khan Cement Company Limited

b. Registered address: Nishat House, 53-A, Lawrence Road, Lahore

C. CUIN: 0006469

1. Date of incorporation: 27-09-1978

2. Jurisdiction of incorporation: Lahore

3. Authorized share capital: Rs. 10,000,000,000 (Rupees Ten Billion Only) divided into 950,000,000 (Nine Hundred Fifty Million) ordinary shares of Rs. 10/- each and 50,000,000 (Fifty Million) Preference Shares of Rs. 10/- each.

4. Issued share capital: Rs. 4,381,191,180 (Rupees Four Billion Three Hundred Eighty One Million One Hundred Ninety One Thousand One Hundred Eighty Only) divided into 438,119,118 (Four Hundred Thirty Eight Million One Hundred Nineteen Thousand One Hundred Eighteen) Ordinary Shares of Rs. 10/- each.

5. Name and addresses of sponsors or persons having control over the person acting in concert:

   • Mrs. Naz Mansha

     3 I

     Head Office: SGI House, 18-C/E-1, Gulberg-III, Lahore - 54660 - Pakistan. Tel: 92 4235775024-29, 35775032-3 Fax: 92 4235775030 E-mail: sgi@sgicl.com

     
     
     

     28-Main Gulberg, Lahore.

   • Mr. Raza Mansha

     43-TufaiI Road, Lahore Cantt. Mr. Umer Mansha

     319, West Canal Bank, Lahore. Mr. Hassan Mansha

     28-Main Gulberg, Lahore. IVIrs. Ammil Raza Mansha

     43-Tufail Road, Lahore Cantt.

   • Nishat Mills Limited

     Nishat House, 53-A, Lawrence Road, Lahore

     Names and addresses of board of directors of the person acting in concert:
     
     

   • Mrs. Naz Mansha - Chairperson 28-Main Gulberg, Lahore.

   • Mr. Raza IVlansha - Chief Executive Officer

     43-TufaiI Road, Lahore Cantt.

   • Mr. Shehryar Ahmed Buksh

     59-Bridge Colony, Lahore Cantt.

   • Mr. Khalid Niaz Khawaja 193-D, Model Town, Lahore

   • Mr. Usama Mahmud

     302-A IH PAF Falcon Complex, Gulberg III, Lahore. Mr. Farid Noor Ali Fazal

     House No. 237 GG; Pahse 4, DHA, Lahore.

   • Mr. Shahzad Ahmad IVlalik

231-A, New Muslim Town, Lahore.

b. Registered address: hlishat House, 53-A, Lawrence Road, Lahore

C. CUIN: 00083427

1. Date of incorporation: 12-04-2013

2. Jurisdiction of incorporation: Lahore

3. Authorized share capital: Rs. 228,797,510 (Rupees Two Hundred Twenty Eight Million Seven Hundred Ninety Seven Thousand Five Hundred Ten Only) divided into 22,879,751 (Twenty Two Million Eight Hundred Seventy Nine Thousand Seven Hundred Fifty One) ordinary shares of Rs. 10/- each.

4. Issued share capital: Rs. 219,297,510 (Rupees Two Hundred Nineteen Million Two Hundred hlinety Seven Thousand Five Hundred Ten Only) divided into 21,929,751 (Twenty One IVlillion Nine Hundred Twenty Nine Thousand Seven Hundred Fifty One) Ordinary Shares of Rs. 10/- each.

5. Name and addresses of sponsors or persons having control over the person acting in concert:

   Mr. Raza Mansha

   4 ;;, ;:.

   Head Office: s0l House, 18-C/E-1, Gulberg-III, Lahore - 54660 - Pakistan. Tel: 92 4235775024-29, 35775032-3 Fax: 92 42 35775030 E-mail: sgi@sgicl.com

   
   
   

   43-TufaiI Road, Lahore Cantt.

   • Mr. Umer Mansha

     319, West Canal Bank, Lahore.

   • Mr. Hassan Mansha

   28-Main Gulberg, Lahore.

6. Names and addresses of board of directors of the person acting in concert:

   • IVlrs. Naz Mansha - CEO 28-Main Gulberg, Lahore.

   • Mr. Raza Mansha

     43-TufaiI Road, Lahore Cantt. Mr. Hassan Mansha

     28-Main Gulberg, Lahore.

   • Mr. Aftab Ahmad Khan

     House No. 11, Sector A 1, G E C I-I S, Town Ship, Lahore. iVlr. Mahmood Akhtar

     91/4 E, Block E, Model town, Lahore.

   • Mr. Muhammad Azam

H. No. 15-B, Block-B, Phase 3, GECHS, Link Model Town, Lahore. Mr. Inayat Ullah Niazi

199-CC, DHA, Lahore Cantt

Mr. Hassan Mansha

28-Main Gulberg, Lahore.

• Mrs. Iqraa Hassan Mansha 28-Main Gulberg, Lahore.

• Mr. Muhammad Azam

H. No. 15-B, Block-B, Phase 3, GECHS, Link Model Town, Lahore.

5 I

Head Office: sGl House, 18•C/E•1, Gulberg•lll, Lahore • 54660 • Pakistan. Tel: 92 42 35775024-29, 35775032-3 Fax: 92 4235775030 E-mail: sgi@sgicl.com

1. In case of individuals, the following details of each person acting in concert:

   1. Name: Begum hlaz Mansha

      1. Address: 28-Main Gulberg, Lahore

      2. CNIC: 35202-2851133-6

      1. Name: Mr. Raza Mansha

      2. Address: 43-TufaiI Road, Lahore Cantt.

      1. CNIC: 35202-2539500-5

         1. Name: Mr. Umer Mansha

         2. Address: 319 West Canal Bank, Lahore.

      1. CNIC: 35202-0842523-5

         1. Name: Mr. Hassan Mansha

         2. Address: 28 Main Gulberg, Lahore.

      1. CNIC: 35202-1479111-5

         1. Name: Mrs. Sadia Younas Mansha

         2. Address: 319 //est Canal Bank, Lahore.

      C. ChllC: 35202-2483564-2

2. Number of shares held by the person(s) acting in concert

Detail, if the Acquirer / person acting in concert has representation on the board of directors of the target Company

6 I ‹›

Head OfFce: ssi u , 18-C/E-1, Gulberg-III, Lahore - 54660 - Pakistan. Tel: 92 4235775024-29,35775032-3Fax: 924235775030 E-mail: sgi@sgicl.com

SE6UBITY 6kNERA&DhSDRA#6E6&BAh'3TB,

(Incorporated in Pakistan) AA* by VI S

1. Mr. Umer Mansha

   Address: House No. 319, West Canal Bank, Lahore. CNIC : 35202-0842523-5

2. Mrs. Sadia Younas Mansha

: 352£

› 4-2

Address: House No. 319, West Canal Bank, Lahore. ChIIC

Signature

Designation : Company Secretary Date : July 21, 2025

Website address of the acquirer : https://www.sgicI.com

7 '? '

Head Office: set House, 18•C/E•1, Gulberg•lll, Lahore • 54660 • Pakistan. Tel: 92 42 35775024•29, 35775032•3 Fax: 92 4235775030 E-mail: sgi@sgicl.com