Publication of Extension Period Notice - Public Announcement of Intention to Acquire up to 6.02% of the Issued & Paid-Up Share Capital and Control of Escorts Investment Bank

AKD Securities Limited

October 13, 2025

The Executive Director,

Securities Market Division,

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

Basit Rehman Malik, Chief Executive Officer,

Ground Floor, 26 - Davis Road, Lahore.

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Building, Stock Exchange

Road, Karachi.

Subject: Publication of Exten i n Peri d No ice Pub ic Announcement f nte on Ac u re u 6.02% of the Issued & Paid-Ue Share Capital and Control of Escorts Investment Bank

Dear Sirs,

With reference to captioned subject, an Extension Period Notice - for the Public Announcement of Intention has been published in "Business Recorder" and "Nawa-i-Waqt" on October 13, 2025, in accordance with regulation 6(5) of the Listed Companies (Substantial Acquisition of Voting Shares and

Takeovers) Regulations, 2017.

Copies of newspaper publications are enclosed herewith.

For and on behalf of AKD Securities Limited (Manager to the Offer) Regards,

Talha Ahmed

Analyst - Investment Banking

Mohammad Imran Afzal

AVP - Investment Banking

TREC Holder: Pakistan Stock Exchange Limited, Registered Broker: Securices & Exchange Commission of Pakistan

SSTN-51500927-7 NTN - 1500927-7

Head Office : Suite 602, 6th Floor, Continental Trade Centre, Block 8, Clifton, Karachi, Pakistan UAN : (92-21) 12 1-253-111 FAX : (92-2L) 35867992, 3586725 Email : info@akdsLcom

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For any queries regarding your account statement please call 111-253-253 or E-mail us: info@akdsl.com

Regulations, 2017

By

Further to the Public Announcement of Intention published on April 21, 2025 by Mr. Kamran Malik and Mr. Sheikh Ali Baakza (the "Acquirers") in relation to the acquisit1on of up to 6.02% of the issued paid-up share capital and control of Escorts Investment Bank Limited, the Acquirers are extending the initial time period for making a Public Announcement of Ofier within 180 days by an additional period of 90 days (expiring on January 16, 2026) in accordance with the Regulat1on 7(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulat1ons 2017 (the "Regulations").

The Pakistan Stock Exchange Limited and Securities and Exchange Commission of Pakistan have accordingly been intimated of the extension in timeline ie accordance with the provisions of the Regulations.

Manager to the Offer