Allotment of 116,501,993 Ordinary Shares Other Than by Way of Rights Issue Under Section 83(1)(b) of the Companies Act, 2017

Ref: ASIL/P8X/MAT INFO/2026

Date: May 19, 2026

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road

Subject: DiscloSure of Material Information - Allotment of 116,501,993 OrdiliiH7 *^°^ Other Than by Way »f niki « Issue Under Section 83(1)(b) of the Companies Act, 2011

Dear Sri,

In continuation of our corpoi ate disclosvwes regai'ding the subject matter, and in accordance with Sections 96 and 131 of the Securities Act, 2015, read with the relevant provisions of the Rule Book of the Pakistan Stock Exchange Limited, we are pleased to inform you that Mls. Aglia Steel Industries Limited (the "Company") has successfully executed the allotment of 116,501,993 orJinary shares.

Following the regulatory appi'oval granted by the Securities and Exchange Coniiiiission of Pok›stan (SECP) vide Letter No. SMD/PMADD/A SIL/CI/12/2025/385 dated April 20, 2026 , the Company's Board of Directors has tinalized the allotment on 84ay 7, 2026 . •s•‹• st the conversion of outstanding director loans and advances.

The statutory Form» 3 (n turn of Allotment of ShareS) has been duly reed anJ approved via l)ie SECP e-portal under Cliallan No. 26763546. Consequent to this issuance, the pai0-ap capital of the Company has inci'eased front 604,879,058 ordinary shares to 721,381,051 ordinary' Shares, aggi'egaling to a total paid-up capital of Rs. 7,213,810,510.

The shares have been issued and credited to the following pei'sons exactly as atithoi'ized by the Commission and reported to the Registrar: