Disclosure of material information- regulatory approvals for due diligence

Bank Alfalah

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi

Dear Sir,

7'hJanuary 2026

We refer to our letter dated 4'hDecember 2025, wherein PSX was informed about the non-binding offer received by Bank Alfalah Limited ("the BAFL") from Ghazanfar Bank, Afghanistan ("Ghazanfar Bank") to acquire BAFL's Afghanistan operations/business ("the Proposed Transaction").

In this regard, the State Bank of Pakistan (SBP) has granted its "In-Principle" approval/clearance for the intended buyer, Ghazanfar Bank, to commence due diligence of BAFL's Afghanistan operations. Further, the Central Bank ofAfghanistan has also accorded its approval to Ghazanfar Bank to commence due diligence. Accordingly, BAFL will allow Ghazanfar Bank to proceed with the due diligence process.

The Proposed Transaction will be subject to satisfactory completion of the due diligence, execution of definitive agreements, compliance with all applicable laws/regulations and receipt of all necessary regulatory/legal approvals from the relevant authorities of Pakistan and Afghanistan.

You may please inform the TRE Certificate Holders of the Exchange accordingly. Yours truly

MMT ana Sec etary

Copy to:

Offsite-Il Department, Supervision Division Securities & Exchange Commission of Pakistan

63, NIC Building, Jinnah Avenue, Blue Area, Islamabad