Corrigendum to the Public Announcement of Offer dated January 15, 2025 to acquire up to 35.147% shares and Control of TRG Pakistan Limited

AKD Secur ties Limited

May 15, 2025

Securities Market Division

The General Manager

Pakistan Stock Exchange umited

Stock Exchange Building, Stock Exchange Road Itarachi

Mr. Hasnaln Aslam Chief Executive Officer TRG Pakistan Limited

24th Floor, Sky Tower West Wing Dolmen, HC-3, Block 4, Marine Drive Clifton, Karachi

Sub}ect• Corrleendum to the Publlc Announcement of Offer deted January IS, 2025 to acquire u_p to

35.t47% shares (Le. 191.690,015 Ordinaw Shares) and Control of TRG Pakistan Limited

This is with reference to the Public Announcement of Offer dated January 15, 202S (the *PAO") that was issued on the same day through AXD Securities Limited (the "Manager to the Offer") on behlaf of Greentree Holdings Limited (the "Acquirer"), and was published on January 17, 2024 in the Business Recorder and Nawa-i-Waqt newspapers, with respect to the acquisition of up tp 191,690,015 shares (constituting 35.147% of the shareholding interest) and control of TRG Pakistan Limited.

On behalf of the Acquirer, the Manager to the Offer is hereby submitting a Corrigendum to the PAO ("Corrigendum"). which contains certain amendments inter alia relating to tfe Statements made by the Acquirer.

Should you require further information, please feel free to contact the undersigned. Kind regards

For and on behalf of AKD Securiges Limited (Manager to the Offer)

Fat . Shami

Aool nvestment Banking

For any queries regarding your account statement please call 1 I US 3 2 53 o E maii us. nf• pa kdst ‹» m

This Corrigendum is in respect of a correction to the last disclosure in section 5 of Part B of the Public Announcement of Offer dated January 15, 2025, published on January 17, 2025 in the Business Recorder and Nawai Waqt newspapers, including various updates and clarifications issued from time to time ("PAO") by AKD Securities Limited (the "Manager to the Offer") on behalf of Greentree Holdings Limited (the "Acquirer"), with respect to the acquisition of up to 191,690,015 ordinary shares (constituting ~35.147% shareholding interest) and control of TRG Pakistan Limited (the "Target"). The updates to the timelines necessitated by the publication of this Corrigendum are set out below in section 4 of Part B.

All steps taken in pursuance of the PAO remain valid and all other details in the PAO, other than those stated herein below, remain unchanged.

1. PROCEDURE FOR ACCEPTANCE AND SETTLEMENT

   Detailed procedure for acceptance of offer by shareholder of the Target

   1. In order to accept the Public Offer, the shareholders are required to send the letter of acceptance (attached to the Offer Letter), duly completed and signed, along with the requisite documents (as set out below) to the Manager to the Offer, at its registered address i.e. 602, 6th Floor, Continental Trade Centre, Block 8, Clifton, Karachi, on or before 5:00 PM on July 8th, 2025. Please ensure that with the letter of acceptance, all the required information is provided, including the number of shares to be tendered. pending before the Hon'ble High Court of Sindh at Karachi.

   1. In the event that the letter of acceptance and the requisite documents are delivered within the stipulated time, the Manager to the Offer will, upon request, issue confirmation of the receipt of documents.

   2. Receipt by the Manager to the Offer by the closing date of the duly completed and signed letter of acceptance along with the required documents will constitute acceptance of the Public Offer.

   3. Completed acceptance forms, once submitted, cannot be revoked by shareholders selling in the Public Offer.

   4. Copies of the acceptance form shall also be available at the offices of AKD Securities Limited (address provided below) or on the website: https://www.akdsl.com

   5. The Public Offer will remain open for acceptance for seven days starting 9:00 AM on July 2nd, 2025 to 5:00 PM on July 8th, 2025. Acceptances received after working hours on closing date shall not be entertained and the Offer period shall not be extended, except if permitted or required pursuant to court order(s).

   6. This Public Offer remains subject to the outcome of JCM 12 of 2025

   1

   The following documents must be submitted as part of the Acceptance of the Offer:

   For Individual Applicants:

   1. Attested CNIC/NICOP copy of the applicant (including joint shareholders if any)

   2. Duly filled and signed Acceptance Letter

   3. Stamped CDC transfer slip showing transfer of shares to the designated Manager to the Offer Account (to be issued by your broker)

      For Corporate applicants:

      1. Certified True Copy of Memorandum and Articles of Association

      2. Certified True Copy of Certificate of Incorporation

      3. Certified True Copy of Computerized National Identity Card of the signatories

      4. Certified True Copy of Board Resolution authorizing persons to sell the Shares with specimen signature of such authorized persons

      5. Copy of CDC transfer slips

      6. Copy of NTN Certificate

         In the case of physical shares, the following additional documentation is required:

         1. Original Share Certificates

         2. Share splitting authorization letter

         3. Authority Letter to pick up excess shares through a representative

         4. Share Transfer Deed (Verified by Share Registrar)

      Any letter of acceptance furnished by the shareholder(s) without the requisite documents may be rejected by the Manager to the Offer as being incomplete and invalid.

      The acceptance by the Acquirer of the shares tendered by the selling shareholders and payment of the offer price is subject to the following conditions:

      • The Securities and Exchange Commission of Pakistan ("Commission") or any other competent authority not raising any objections to any of the provisions of the Public Offer;

      • The payment for the shares does not contravene any section of the Foreign Exchange Regulations Act, 1947 and the Foreign Exchange Manual of the State Bank of Pakistan;

      • The letter of acceptance being duly completed and signed along with the required documents and submitted to the Manager to the Offer on or before the closing date;

      Upon receipt of duly filled acceptance form along with the requisite documents, the Manager to the Offer will provide written confirmation of receipt, upon request, to the respective shareholder. All payments in respect of shares tendered by the shareholders, will be made through Interbank Funds Transfer / RTGS, within a period of 10 (ten) days from date of closure of the acceptance period. No interest, mark-up, surcharge or other increment will be payable on the aggregate price for the shares purchased by the Acquirer from any selling shareholder for any cause or reason.

      Details of the CDC account in which shares are required to be tendered by eligible shareholders on acceptance during the acceptance period

      CDC account holders shall follow the procedure set forth above, as applicable. Additionally, the CDC account holders must transfer these shares to the CDC account of the Manager to the Offer in accordance with the following details and to provide the CDC transfer slip to the Manager to the Offer, with respect to transfer of shares: CDC Account Title: Manager to the Offer - TRG Pakistan Limited CDC Participant ID: 10629 CDC Sub Account No: 601651 UIN: GHL55801BM Transaction Reason Code Shareholders with physical share certificate(s) are required to provide the physical share certificate(s) along with duly verified transfer deed(s).

      • The tendered shares being verified by the Target; and

      • The Acquirer not withdrawing the Public Offer in accordance with the provisions of the Act.

      • For Intra Account - [A021]

      • For Inter Account - [P015]

2. STATEMENTS BY THE ACQUIRER

Any questions in regard to this announcement can be directed to:

Best Regards,

For and on behalf of GREENTREE HOLDINGS LIMITED.

CEO

Dated: May 15, 2025