AGIC | Askari General Insurance Company Limited Right Issue 40% at a Rs.32/= Per Ordinary Shares

box/N- z 3

November 06,2025

Reproduced hereunder letter dated November 05, z02 received from Askari General Insurance Company

Limited alongwith the relevant details/information pertaining to Issuance of Right letters by the Company

and the Schedule of Trading, for information of all concerned.

November 05"', 2025

Mr. Akbar Ali Assistant Manager

Trading & 1-SEC Affairs Department Pakistan Stock Exchange

Karachi

Subject: Askari General Insurance Company Limited - 40.000'X» Ri/‹hts Issue at PKR 32/- Per share

Dear Mr. Akbar Ali,

With reference to our application for issuance of Right Shares, we hereby further confirm as under:

1. We shall abide fry the CDC and PSX procedure relating to Right Shares and shall deposit the unpald right in (book Entry) within the time frame as stipulated under the COC procedures as well as PSX Regulations.

   Online Payment Option for IAS Account Holders/Sub-Account Holders:
   
   

   CDC has introduced an Onllne Payment facility through 1Link for Rights Subscription. The Investor Account Holders can now make online payment for their respective rights subscribed against 1BiIl Payment ID printed on fop right of the Right Subscription Request (generated by CDS) through all the available online banking channels of 1Link's member banks (such as internet banking, Automated Seller Machine (ATM) and Mobile banking).

   1. The payment of unpaid right letter will be made by cash or crossed cheque or demand draft or pay order made out to the credit of "Askarl General Insurance Company Limited Right Shares (R-

      S) Subscription Account" throu h all branches of following Bank in Pakistan as per tentative ' schedule submitted to you.

      • Askari Bank Limited

1. The shareholders holding ordinary shares of Askari General Insurance Company Limited ("Company") in physical form should please note that under CDC applicable Rights Shares Procedures, the physical shareholder can renounce his/her Letter of Rights by depositing into his/her own CDS Investor or sub-account to a person who is investor or sub-account holder with CDC. Further, physical shareholders can renounce his/her Letter of Rlghts and Renouncee(s) can also get credit of right shares in book-entry form in his/her own CDS investor or sub-account §y

providing his/hef own CDS investor sub-account details. Shareholders holding shares of the

Com pa‹Jy in physical form can also get credit for the right shares in his/her own CDS investor or sub-account by providing his/leer own CDS investor or sub account details.

We shall request you to please approve the letter of intimation, Letter of Right to Physical Shareholders, infoi mation as per Schedule I to the Companies (Further Issues of Shares) Regulations, 2020 and tentatlye schedule of right issue and fright subscription Request which were earlier provided to you.

Thanking you Yours Sincerely,

For Askarl General Insurance Company Limited

Waqas Ali Company Secr ry

Askarl General I urance ompany Limited

WAQAS ALI

Askai i Cieine:at Insurance Co Ltd.

The General I Manager Pakistuza Stock Exchange Stocl‹ Exchange Building, Stuck Exchange Road,

November 05", 2025

Right Issue Timeina

Mond

W dne day

1 0.11.2025

Askari General Insurance Company Ltd Schedule for Issuance of Latter of Rights

Book Cosura:November 06th,2025

S.No

a)

h)

c)

Wednesday15.12.2025

Date ot DispBtch of physical shores certificates

t Wednesday JN.12.2025

Allotment of shnres and cred'I of book entryofShares into CDC

li)

i)

Prooedu<>

Date of credit of unpaid Rights into CDC in Book Entry Form Dispatch of Letter of Right {LOW) tu physical shareholders Intimation to PSX Dispatch/or edit of Letter of Right (LOR) to

I Commencement of trading of unpaid Rights on the Pakistan

Stock ExchangeLimited

Last datefor spittng and depositof Bequests into CDS

Last dato of tradingof Rl@hts Letter

a)

f)

g)

Wednesday

d)

physicatshb eholders

Deta

07.1 1.2025

Day

I Tuesday

13.11.20Z5

24.11.2025

2.2025

Yours Sincerely,

For Askari Gener I Insurance Company Limited

Than ing You

Waqas All

C ompany Secreta

R5

INTIMATION LETTER REGARDING RIGHT ENTITLEMENTS CONFIRMATION

IMSORtANT: NOTES ATD InSTPUC jO0S AgE GIVEN OIL FAGE-2, WHICH SHOULD BC CARErULLY REA0 AU0 FOLLOWED.

Tzsue of 28,760,7S8 Ordlnar y Shares ol Rs. TO/- ea‹h to be Issued at a price cl Rs. 37/- tin‹Iudlng premium of gs, 27/- per sfi area payable In full, on acceptance on or before 0 c‹ember OF, 2O2S,

Oate: Flovember ij, 2028

Dear Skarefi older(s),

In arcordance with Ihe provisions of Section 8s of tfie Companies Art, 2017 and the provisions of the companies {rurI fler Issue of Shares) Regulations, 2020 and Ifie decision of the Board of Oirectors oF tfie Company in their meeting held an October 02, 2025, we are pleased to Inform you that your entitlement will respect to Righ t shares In jre ratio of 40 ordinary shares for every TOO ordinary sfi ares registered Tn your name as of the ‹lose of business on fJovember 05. 2025, have been rredlted into your COS Accoun t. Thus, pT ysical letter of right is not reg ulred to be Issued fo you.

' W is RTgljt Offer is not available for trading and settlement In book entry form as per scheduled dates of tradTn l.e. from November TO, 2025 to The RlghI Offer {at the subscriptlon price of ns. 32/- per share} must 6e accepted and paid for ln full to the estent of siieh svbscr1ptlon on or befofe

All frsrtionai entitlement s, if a* y, will be consolidated and unpaid letters of rlght In respect tiereof shall be sold on tT e Pakistan Stock Exchange Limited, the net proceeds from which sale, once realized, shal| be distributed / paid to the entitled shareholders in propor tion to their respec tive entTtTement s within fifteen {is) working days after completion of allotmen t as per the Regula tions.

Please note that once the Rtgfit SubscrTptlo n Requesc has been mafia ted by coc Partlclpant / IAS Department Into cos, rlghr offer to tfie extent included in such reques t will be blorked and thereFore cannot be traded fu+tfier. Please also note that Ordinary Sfiares against paid Right Subscription Request wlll be rredited into your respective COS amount within i4 business daYs from the last payment date.

Information required uwJer Schedule I o the Companies (Our ther issue of 5taresl Regulations, t020 is attacted ro this letter. For Askari General lnsur ance Company Limited

Wag as Ali Company Secretary

OFFER LETTER REGARDING RIGHT ENTITLEMENTS

PAYMENT OF hIGHT OFF£T2 BY CDS /CCOUIIT IT OLDERS

De taids of J'rading, Subscription and Credit of RigInt Secli* illes f‹›r CDS Account Holde re;

Activities

Subscription of rigfit olfer start date " "

0a te of rommenceme nt of tradlng of unpald Righ t at Stock Ex‹h aHn•

Last date of trading of unpairl ftigl T

D ate

Nove rnber JO, 2076

Governber 10, 2028

Novemb ct 24, 2028

0ecem6er 01, 2025

** Oerem ber TS, 20Z5

PAYMENT PhOCEDURES:

a) ror subsrrlption of rigljI offer, cos account holder will request in writlng to fits coc participant / Ans Oepartmcnt to initiate night Subscription Request into COS on ills behalf and cDc participant / IAS dep•rtmenI will provide I'm/her w e copies of Right Subscrlptlon Request printouts enafiTlng fiim/her to make tfic payment wl th all banker s) ja tfie right Issue. night Subscription Rely es can br' inl tlaled for lull or paltlal Right Offer.

1. PAYMENTS:

   1. Payment as indicated on nlgljt SubscrTptJon Reg uest should be made b/ raslj or ‹rossed cljeqt:a or demand draft or pay orcler made out to the credit of "Askari General Tnsuran«e company umited Rigfit Shares (II-S) Sufiscriptio« Account" ti rouglj II e above mentioned branches of the bankers on or be fore Oecember OJ, 2025 along witfi fTlgfit Subsrrlptlun ttenue I duly 0lleJ in ariiJ Signed fiy th.e sH0scrlberls).

   2. In case of Non-In evident Paklslani / Foreign shareholder, tfie drmarJ rlraft cf er|uival rit arr.ounI In f'ak Rupees should be sent lo the Company Secretary, Askari General Insurance Company Limit e‹I at the regiatei eJ oi fire of (he cnmgâny along i'itlT Right Subsoi iption Request (bowl copies) duly filled and signed by the subsc•iber(s) witlj «er tified copy of hlCT7P / Passpor t well be fore he la t daie of payment on or before December 0t, Z025.

   3. all cheques, and drafts must be drago on a baink sixuated in ti e same city where gigh t Sufiscrlption Request Is iJeposited. Cheques, Ts svbjec to

      
      
      

   4. coc has introduced Online Payment racilit y through lblnk for rigs ts u'scrlptlon. I I e Investor Account Holder can now make payment for their respective rights subscribed against lBill Payment IO printed on roe top right-hand side of the night Subscrlption Request (generated by CDI) through all the available online Banking channels of lLink's member banks {such as internet banking. Automated Teller Machine s (ATM} and mobile banking}.

2. 
   
   

   1. Payment of the amount indhated on Rlgljt Subscrlptlon Request to the Company's Tanker{s) to the Issue or through online banking channels of 1 Link'$ member banks on or before December Of, 2025 shall be treated as accePt ance of tale highI offer.

by Two co|›ies of nlgljt Subscrlpl,on Request talong with cop• of cnic) should he fi nded ever to the fio*ngany's Banker(s) to the Issue Intact. Ctlent's ‹opy of Rigfit Subscr iplion request will be returned to the subscriber whilst Issuer's copy will ije',-=taincd diy the Banker for onward transmission to the Youp» ny. Jhe Client's copy' oust be preserved and retal‹ ed safrly by il '* suhscriber.