Right Issue Subscription Amount Received From Substantial Shareholders and Directors

Askari General Insurance Co. Ltd.

November 10, 2025

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road, Karachi.

nor ri n r n n

Dear Sir,

We would like to inform you that an amount of PKR 552,277,344 representing the entitlement of 17,258,667 right shares at an exercise price of PKR 32/- per share (60.01 % of the total right issue) has been subscribed by the Substantial Shareholders & Directors of Askari General Insurance Company Limited as permitted under the Companies (Further Issue of Shares) Regulations, 2020. An Auditor's Certificate dated November 10t",2025 from the statutory Auditors, M/s. Yousuf Adil & Co. Chartered Accountants is attached Confirming the receipt of subscription amount for the issuance of right shares.

For Askari eneral Insurance Company

Waqas Ai Company cretary

Encl. Auditor's ificate

Yours faithfully

Limited

1112/11/2025

November 10, 2025

The Company Secretary

Askari General Insurance Company Limited Rawalpindi

Yousuf Adil

Chartered Accountants

18-B/1, Cl ohan Mansion G-8 Marknz

ls&mabac 4400D

Fax: +92 (0) 51 83?0o02

'https://www.youstifadil.com

Dear Sir,

ASKARI GENERAL INSURANCE COMPANY LIMITED - CERTIFICATE FOR DEPOSIT OF SHARE

We have been requested by the management of Askari General Insurance Company Limited (the Company) to certify the annexed 'Statement of right entitlement and receipt o/ subscription money" ("the Statement") containing the right entitlement and share subscription amount received from its Directors and Sponsor (i.e. Amy Welfare Trust).

The management of tlic Company has requested us to issue a certificate on the receipt of subscription amount for submission to Pakistan Stock Exchange ('PSX') and Central Depository Company of Pakistan Limited ('CDC').

It is the managements' responsibility to prepare the Statement containing the right entitlement and share subscription amount received from Directors and Army Welfare Trust in the designated bank account of the Company.

Being statutory auditor of the Company, our responsibility is to certify the Statement prepared by the management of the Company and reporting thereon in accordance with the 'Guidelines for Issue of Certificates for Special Purposes by Practicing Chartered Accountnnt Firms' issued by the Institute of Chartered Accountants of Pakistan through circular 03/2016 dated February 25, 2016. Our verification was limited to the procedures as given below:

• Examined rriiiiutcs of meeting of board of the Company for approval of issuance of shares by way of right

  
  
  

  + Traced tlic share subscription money received from Directors and Army Welfare Trust into the statcinent of special deposit bank account number AKBL - 0010100613584 as mentioned in the Statement of the Company;

• Recalculated the right shares entitlement of Directors and Array Welfare Trust;

• Examined For in 26 and 7 for the revised authorizcd capital of the Company; and

• Obtain management representation that these funds were received from Directors and Anny Welfare Trust against the Share Subscription Money.

  
  
  

  The above procedures are performed based on the documents made available to us by the management of the Company.

  
  
  

  YOUSUE

  Certiticate

  ADIL

  A

  Yousuf Aclil

  Chartered Accountants

  Based on the procedures mentioned above, we certify that, as per books and records of the Company:

• an amount of Rs. 552,277,344 has been received into a special deposit account number AKBL -0010100613584 from Directors and Army Welfare Trust against issue of 17,258,667 shares having face value of Rs. 10 per share at exercise price of Rs. 32 per share as share subscription money;

• The allocation of right issuance after taking into account receipt of issue price would be as follow:

Further iii respect of above, we have been informed by management that there has been no condition imposed by conceived regulatory bodies including but not limited to the Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock Exchange applicable at this stage that were required to be complied by the Company.

This certificate is being issued in the capacity of statutory auditor of the Company and on the specific request of the management of the Company for onward submission to the CDC and PSX. Accordingly, this should not be distributed to any other third party without our prior written consent. This certificate is restricted to the facts stated herein.

Yours Truly,

fSU 27C0' Ueriied Since 20' 7 Karachi I lsiamabur(] Lahnre |!'yu1an