Notice of Extension in Acceptance Period - Public Offer to Acquire up to 35.147% Shares and control of TRG Pakistan Limited by Greentree Holdings Limited

AKD Securities Limited

May 5, 2025

The Executive Director

Public Offering & Regulated Person Department Securities Market Division

Securities & Exchange Commission of Pakistan NIC Building, Jinnah Avenue, Blue Area Islamabad

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi.

Mr. Hasnain Aslam Chief Executive Officer TRG Pakistan Limited

24th Floor, Sky Tower West Wing

Dolmen, HC-3, Block 4, Marine Drive Clifton Karachi

Subject: Notice of Extensionin Acceptance Period -Public Offer to Acquire up to 35.147% Sharesand control of TRG Pakistan Limited by Greentree Holdings Limited

Dear Sirs,

In continuation to the previous notice, we would like to inform that the Acceptance Period has been further extended to May 15, 2025.

Please note that AKD Securities Limited acting as Manager to the Offer on behalf of the Acquirer has been endorsed to further extend the acceptance period under the interim order issued on April 28, 2025 as per the directives of the Honorable High Court of Sindh as per the Court Order JCM No.12 of 2025.

The extension has been granted so that shareholders may not be discouraged from participating in the Tender Offer by the ongoing Court proceedings. The Court Order has been attached herewith for your reference.

Kind regards,

For and on behalf of AKD Securities Limited

Fati . Shamim

Analys Investment Banking

Vijay K. Kukreja

Deputy Head - Investment Banking

Registered Broker: Secui›fies & Exert ame Coi»m ission of PaLisIan SgTN*S 1 50092 7-T kTN 15009 2T 7

T-or any queries regarding your account statement please call IN 1-253-253 or E mail us: info@adds I.com

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Ivor lleariiy of Main Petition.

202

M/s, Fqyar Ali Metlo, Ath8 Hussain, Adeela Ansari and

Atiya Manzoor, Advocates for the PetlUoner.

M/s. Abid S. Zuberi, Ayan Mustafa Memon and Muhammad Nawaz, Advocates for Respondent No.1

M/s. Arshad M. Tayebaly, Aitzaz Manzoor Mem n TayebaJy, Advocates for the Respondent No.2.

M/s. Ali Almani and Furqan Mushtaq, Advocates for Respondent No.3.

M/s. Mayhar Kazi, Ahmed Imran Dewan and Sheheryar Malik, Advocates for the Respondent No.9.

Mr. Muhammad Bilal, Advocate for Intervenes/Applicant.

M/s. Muzafar Mirza, lmran Ahmed Shamsi and Syed Ebad-ur-Rehman, Advocates for the SECP.

Mr. Muzaffar Mirza, Prosecutor SECP, has made submissions. Comments of the SECP enclose an email from Greentree

{Respondent No,3] dated 04-04-2025 that there is an ermr in the

disclosure made under Schedule-VII of the Securities Aci with regards to the fate of sharea that 8re to be acquired. Said dicciau« stipulatc•d that upon acqulsltlon, the sharee would be traflsferred to the

c m any |lte›pondent No.1). Per the email of Greentree, that statement was ln error ae no auch transfer was }yRflded. lt ttqgg not suf/fee for Gffient£f2C (O CO££4ct 8Uch an error miN3ly by way py an emoll. Tentatively, In my view, Greentree[itespondent No.3] ftjgy

haVe to Ie a fresh disclosure *flder Schedule-DIIof the securip

Act, Whether the Chec1OI tll Woulcl be to restart the

R

• *eptilnce

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hlI'. 1.,qi'az Ali Metlo, Advocate, requests for some time to

t• ^•1n• hirnsell for rebuttal.

TU come up on 05-05-2025 at 11:00 a.m. Interim order passed t•ar1ier to continue till the next date. The Respondents 3 and 9 are I • to extend the acceptance period of the public offer.

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