Resolutions passed at the 91st AGM held on 20-4-2026

'AtlasInsurance

Atlae Insurance Limited held on April 20. 2026

ORDINARY BUSINESS:

1. Confirmation of the minutes

   Resolved:

   'that the minutes of the Annual General Meeting held on April 15, 2025, be and are hereby approved."

2. To receive. consider and adopt the auditedfinancial statements for theyeat ended December 31 2025, together with directors' and auditors' reports thereon

   Reso/ved:

   'that the audited financial statements together with the Auditors Report and 0/rectors Report tor the year ended December 31, 2025, be and are hereby approved."

3. To approve interim and final cash dividend for the year ended December 31, 2025

   Reso/ved:

   "thai the final cash dividend of Rs. 6.00 per share, together with the interim cash dividend of Rs. 2. 50 per sham already declared / paid thereby making a total cash dividend of Rs. 8.50 per share as recommended by the directors for the year ended December 31, 2025, be and is hereby approved."

4. Appointment and remuneration of External Auditors for the year ending December 31 2026

   Reso/veal:

   "that BDO Ebrahim & Co, Chartered Accountants, be and are hereby appointed as auditors of the Company for the year ending December 31, 2026, and that their remuneration is fixed at Rs. 7.26 million, excluding all applicable taxes and out-of-pocket expenses, as fxed by the Board of Directors."

   SPECIAL BUSINESS:

5. To approve increase in authorized share capital - Special Resolutions

   Resolved.'

   1. 1 "that the authorized share capital of the Company be and is hereby increased from Rs.

      1. 500, 000, 000/- (Rupees fifteen hundred million) to Rs.3, 000,000, 000/- (Rupees three billion only) by creation of 150, 000, 000 {one hundred and fifty million) new ordinary shares of Rs. 10/-each."

Further Resolved:

by substituting he figures and words of Rs. 1, 500,000,000/- (Rupees fifteen h

million)

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Atlas Insurance Ltd.

Itated 'At ' b› P.4CRA

5.2 "that the Memorandum and Articles of Association of the Company be and are hereby altered

Atlaslnsurance

divided into 150, 000,000 {one hundred fifty million) ordinary shares of Rs. 10/- each appearing in clause V of the Memorandum and clause 4 of file Articles of Association with the words and figums of Rs. 3, 000,000,000 (Rupees three billion) divided into 300,000,000 (three hundred million) o/dina/y shams of Rs. 10/- each."

Further Reso/v'ed-

5.3 "that the ordinary shares when issued shall carry equal voting rights and rank pari passu with the existing ordinary shares of the Company in all respect / matters in conformity with the provisions of the Companies Act, 2017."

Further Resolved:

1. 4 "that the Chief Executive Officer and Company Secretary be and are hereby authorized singly to do all acfs, deeds and things, take any or all necessary actions to complete all legal formalities and to rue requisite documents with the Registrar to effectuate and implement the afore-said resolutions."

2. To aperove related party transactions with Atlas Foundation and Atlas Asset Management Limited during the year ended December 31, 2025, and ensuing year ending December 31, 2026 - Special Resolutions

   Resolved:

   1. "that the transactions carried out by the Company in the normal course of business with Atlas Foundation and Atlas Asset Management Limited, related parties, during the year 2025 be and are hereby ratified, approved and confirmed."

      Further Resolved:
      
      

   2. "that I/ie Board of Directors be and is hereby authorized fo approve all the transactions carried out in the normal course of business with Atlas Foundation and Atlas Asset Management Limited during the ensuing year ending December 31, 2026."

CERTIFIED BY

Muhammad Afzal Company Secretary

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Atlas Insurance Ltd.

Rated 'AA' by PACRA