Notice of Extraordinary General Meeting

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January 21, 2026

The General htAttagcr, PJkistAn Stcck Exchange Ltd., Stc›ck Excli‹1tige Building, Stcc. Fxclangc ltoa I,

Kar. cl i.

Subject: o iC f O din Gene l n u E n ed Dear Sir,

In compIIOnC0 Wjth clausc 5.6.9 (b) of the I?SX Itule Book, enclosed please find a copy of the Notice of the Extra Ordinary General Meeting of lllue-Ex Limited to he held at Plot # 5, Bangalore Town, Near Awami Markaz, Slialirah-e-Faisal, Karachi Pakistan, and through video link facility at 04:30 p.m. on ¥Yednesday, February 11, 2026 to be pubIishe‹t in U1E' following newspapers:

Newspaper

The Nation-English Nawa e Waqt- Urdu

Janua1y'21, 2026

January 21, 2026

Share Transfer Books of the Company will remain closed from Wednesday, Feb 04, 2026 to Vednesday, Feb 11, 2026 (both days inclusive). Share transfers received at the office of our Shares Registrar, Central Depository Company of Pakistan Limited (CDC), CDC House, 99-B, Block B, S.M.C.H.S. Main Shahrah-e-Faisal, Karachi -74400, by the close of business on Friday February 14, 2025, will be considered as being in time for the purposes of attending the EOGM.

You may please inform tlae TRE certificate Holders of the Exchange accordingly. Yours sincerely,

Company Secretary Cc:

Executive Director/HOD

Surveillance, Supervision and Enforcement Department Securities & Exchange Commission of Pakistan

NIC Building, 63 Jinnah Avenue, Blue Area Islamabad.

Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.

+92-21-1 11-258339

Regional Office - Central

158-S, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.

Regional Office - North

Building # 2A, Airport Link Road, Chaklala, Rawalyindi.

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NOTICE OF EXTRA-ORDINARY GENERAL MEETING

Noice is hereby giventhat an ExraordnayGeneml Meeing of B|u+ExLlmited (the"Company") wi|beheldon Wednesday, Web 11, 2026, at04:30 PM, at the Registered Office olthe Company, situated at Plot # 5, Bangalore Town, Near Awami Markaz, Shahrah-e-Faisal, Karathl Pakistan to transact the (ollowing business:

Special business:

1. To consider and, if thought fit, pass, with or without modification, Ihe following resolution as special resolution, in tems of Section 85 of the Companies Act, 2017, for the purposes of subdivision of the share capital of the Company:

   1. °RESOLVED THAT pursuant to Section 85 of the Companies Act, 2017, Clause V of the Memorandum of Association and Article 15 of the Articles of Association of the Company, the existing capital of the company, including authorized, issued and paid-up capital, is hereby altered in a manner that each ordinary share of the Company having face value of Rs. 10/- be subdivided into Ten ordinary shares of Rs. 1/- each, with no change in rights and privileges of shares.

   2. FURTHER RESOLVED THAT the Authorized Capital of the Company be and is hereby subdivided from 50,000,000 Ordinary Shares of Rs. 10/- each to 500,000,000 Ordinary Shares of Rs. 1/- each.

   3. FURTHER RESOLVED THAT the issued and paid-up capital of the Company comprising of 28,428,430 Ordinary Shares of Rs. 10/- each is hereby subdivided into 284,284,300 Ordinary Shares of Rs. 1/- each.

   4. FURTHER RESOLVED THAT the Chief Executive Officer, Chief Financial Officer or the Company Secretary of the Company, be and are hereby jointly or singly authorized and empowered to lake all necessary steps to effectuate the aforementioned resolutions and to complete any or all necessary corporate and legal compliances and formalities Io give effect to the above, including amendments in the Memorandum and Articles of Association of the Company, announcement of closure of Members' Registers, determination of effective date, issue/credit of new physical and electronic shares and all other regulatory requirements as deem require under the relevant laws, regulations and rule books of SECP, Pakistan Stock Exchange Limited, and/or Central Depository Company of Pakistan Limiled."

2. To transact any other business with the permission of the Chair.

The Statement of material facts, as required under section 134(3) of the Companies Act, 2017, in respect of the special business to be considered at the meeting is being sent to the shareholders with this notice and is also available at the Company's website (https://www.blue-ex.com),

Karachi:- 21•' Jan -2026

By order of the Board

Rana M Salman Company Secretary

Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.

+92-21-1 11-258339

Regional Office - Central

1 58-5, guaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.

Building # 2A, Airport Link Road, Chaklala, Rawalpindi.

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NOTES:

, Closure of Shares Transfer BoéC

The Share Transfer Books ol the Company shall remaln closed from Wednesday, Feb 04, 2026 Io Wednesday, Feb 11, t026 (both days Incluslve). Share transfers recelved In order at Ihe offlce of our Share Registrar/ Transfer Agent, I.e., CDC Share Reglslrar Services Llmlted (CDCSRSL), situated al CDC HouSe, 99-B, Block 'B', S.M.C.H.S., Maln Shahrah-e-FaIsal, Karachi-74400, by the close of business on Tuesday,Feb03, 2026 shall ba treatedas being In lime for the purpose o( attending, and voting at, the EOGM.

1. Particlpation In the EOGN, vla physical presence, Including through

   Memberswhosenames appear In the Register of Members as of Feb 03, 2026, are entitled 1o attend and vote at the EoGM. A membar entitled to attend and vote at the EOGM Is entitled Io appoint a proxy to attend, speak and vote for hlm / her.

   An Instrument of proxy applicable for the EOGM is being provided with the Notice sent to the members. The Proxy form may also be downloaded from the Company's website: (www.blue-ex.com). An instrumenl of proxy and the power of aitorney or other authority (i( any) under which it is slgned, or a certified true copy of such power or authority duly notarized must, to be valid, be deposited through email on salman.majeed@blue-ex.comor by post at the registered address of the Company not less than torty-eight (48) hours before the time of EOGM, excluding public holidays.

   Members are requested to submit a copy. of their Computerized Natlonal Identity Card (CNIC) at the registered address to our Share Registrar, CDC Share Registrar Services Limited (CDCSRSL), CDC House, 99-B, Block 'B', S.M.C.H. Society, Karachi.

   If a member appoints more than one proxy and more than one instrument of proxy is deposited by a member, all such Instruments of proxy shall be rendered invalid.

   
   
   

   Participation in the EOGM through video conferencing:

   1. To attend the EOGM through video-conferencing facility, members are requested to register themselves by providing the following in(ormation through email at salman.majeed@bIue-ex.com at least forty-eight (48) hours before the EOGM: (i) the Name of Member; (ii) CNIC

      / NTN No.; (iii) Folio No, /, CDC IAS No.; (iv) Cell No.; and (v) Email Address.

   2. Members will be registered, after necessary veri(ication as per the above requirement and will be provided a video-link by the Company via email.

   3. Only those members will be accepted at the EOGM via video-conferencing whose names match the details shared wilh the Company for registration (as mentioned in point 'a' above).

   4. The login facility will remaln open from 04:00 P.M. till the end of EOGM.

1. Guidelines for Central Depository Company of Pakistan Limited ('CDC') Investor Account Holders: CDC Investor Account Holders will further have to follow the under-mentioned guidelines as laid down in Circular No. 1 dated January 26, 2000, issued by the Securities and Exchange Commission of Pakistan (SECP),

   1. For attending the E0GPI:

      1. In case of individuals, the investor account holder or sub-account holder and / or the person whose securities are in group account where registration details are uploaded as per the CDC Regulations, shall authenticate his / her identity by showing his I her original CNIC or valid passport at the time of attending the EOGM.

      2. In case of a corporate entity, the Board of Directors' resolution / Power of Attorney with specimen signature of the nominee shall be produced at the time of the EOGM.

         Head Office:

         Regional Office - Central

         -e-Azam Industrial

         Regional Office- North Building 4 2A, AirportLiFIk

         Bunglow No +. Bangalore Town, Shahrah-e-raisal,Karachi.

         +92-21- 11-258339

         158-5, Quad Estate, Kot Lakhpat,

         Lahore.

         Road, Chaklala, Rawalyin**-

         
         
         

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   2. For appointing Proxies:

      1. In case of individuals, the investor account holder or sub-account holder and / or the person whose securities are in group account and their registration details are uploaded as per the COC Regulations, shall submit the proxy form asper the above requirement.

      2. The proxy form shall be witnessed by two persons whose names, addresses and CNIC numbers shall be mentioned on Ihe form.

         
         
         

         Copies of CNIC or the valid passport of the beneficial owners and the proxy shall be furnished along with the proxy form.

         
         
         

         The proxy shall produce his original CNIC or original valid passport at the time of the EOGM.

         (v) In case of a corporate entity, the Board of Directors' resolution / Power of Attorney with specimen signature shall be submitted (unless it has been provided earlier) along with proxy form to the Company.

2. E-voEing and Postal Ballot

It is hereby notified that pursuant to the Companies (Postal Ballot) Regulations, 2018 and its amendments notified vide SRO 2192(1)/2022 dated December 5, 2022, members will be allowed to exercise their right to vote for lhe special business(es) in the EOGM, in accordance with the conditions mentioned in the aforesaid Regulations. The Company shall provide its members with the following options for voting:

1. E-Voting Procedure

   1. Details of the e-voting facility will be shared through an e-mail with those members of the Company who have their valid CNIC numbers, cell numbers, and e-mail addresses available in the register of members of the Company within due course. Members who intend to exercise their right of vote through E-Voting shall provide their valid cell numbers and e-mail addresses on or before Feb 03, 2026.

   2. The web address, login details, will be communicated to members via email.

   3. Identity of the members intending to cast vote through e-Voting shall be authenticated through authentication for login.

   4. E-Voting lines will start from Feb 04, 2026, 9:00 a.m. and shall close on Feb 10, 2026 at 5:00 p.m. Members can cast their votes any time in this period. Once the vote on a resolution is cast by a member, he / she shall not be allowed to change it subsequently.

2. Postal Ballot

   1. Members may alternatively opt for voting through postal ballot. For convenience of the members, Ballot Paper is annexed to this notice and the same is also available on the Company's website https://www.blue-ex.com to download.

      for voting.

   2. The members shall ensure that duly filled and signed ballot paper, along with copy of Computerized National Identity Card (CNIC) should reach the Chairman of the meeting through post at registered office at Plot # 5, Bangalore Town, Near Awami Markaz, Shahrah-e-Faisal, Karachi Pakistan, (Attention of the Company Secretary) by Tuesday, Feb 10, 2026 before 5:00 p.m. The signature on the ballot paper shall match with the signature on CNIC. A postal ballot received after this time / date shall not be considered

e

H ad Office: Regi€Inal Office - Central Regional Office - North

Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.

+92-21-111-258339

158-S, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.

Building # ZA, Airport Link Road, Chaklala, Raw6ly|ndi.

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STATEMENT OF MATERIAL FACTS UNDER SECTION t31(3) OF THE COHPAfIIES ACT, 2017

This statement sels out below the material facts concernlng Iha Special Business la be transacted at the Extraordinary General Mee0ng ol Blue -Ex Llmited (the"Company') to be held on Wednesday, Fab 11, 2026:

The subscribed and paid-up capital of Blue-Ex Limited comprises of 28,428,430 ordinary shares, each with a face value of Rs. 10/-. The market price of Blue - Ex shares is si9f!*‹•Fltlyhigher than their face value, making Ihem less accessible to retail and individual Investors. Accordingly, o increase market liquidity of the Company's scrip and broaden the shareholdersbase, the Board of Directors have proposed subdivision ol Company's capital by decreasing the face value of shares from Rs. 10/- to Rs. 1I-. Accordingly, the shareholders will receive 10 shares of face value Rs. 1/- each agalns every 1 share of Rs. 10/- held in their names as on the effective date to be announced later.

The new shares proposed to be created, as a result of subdivision, shall rank paripassu with no change in the rights and privileges attached to the shares as compared to the existing shares. The new shares with reduced face value of Rs. 1/- will be issued to the shareholders' either in physical form or by crediting in their investor accounts maintained with Central Depository Company of Pakistan Limited (CDC), as the case may be, as per the entitlement of respective shareholders on the effective date.

The Board of Directors approved and recommended the proposed resolution to be passed as a special resolution under Section 85 of the Companies Act, 2017 and Article 15 of the Articles of Assoclalion.

The Directors of the Company have no personal interest in this matter except to the extent of their respective shareholding.

For the purpose of the subdivision of shares and resultant increase in Ihe number of shares, the existing Clause V of the Memorandum of Association also need amendments.

The Board of Directors of the Company have confirmed that the requisite alterations to lhe Memorandum of Association of the Company are iñ line with the applicable provisions of the law and regulatory framework.

Comparison of existing and proposed alteration in the respective capital clauses of Memorandum and Articles of Association, is provided below:

Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.

+92-2 -J11-258339

Regional Office - Central

158-S, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.

Regional office - North

Building # 2A, Airport Link Road, Chaklala, Rawalpindi.

The Company Secretary,

Blue-Ex Limited

Bungalo»‹ to. 5, Bangalore Town,

mai» S!-'malt-e-Faisal,

1/Ve of being member(s)ol'l3Iue-Ex Limited holding Ordinary Shares as Folio /CDC Account No. hereby appoint of as iii; proxy to vote for me and on my/our behalf at the Extra Ordinary General Meeting (EOGM) of the company to be held at Bungalow No. 5, Bangalore Town, Main Sliahrah-e-Faisal, Karachi and through video link facility on February 11, 2026 at 04:30 p.m. and at any adjournment thereof.

Si3tlCd this day of 2025

Signature

Signature Name CNIC No. or Passport No. Address

Witness 2

Signature Name CNIC No. or Passport No. Address

Signature should agree with specimen registered with the Company

• A member entitled to attend and vote at the meeting may appoint any member as his/her proxy to attend

  the meeting and vote.

• If a member is unable to attend the meeting, they may complete and sign this form and send it to the Company Secretary, Blue-Ex Limited at the registered office Bungalow No. 5, Bangalore Town, Main Shahrah-e-Faisal, Karachi so as to reach noi less than 48 hours before the time appointed for holding the Meeting.

• For CDC Account Holders / Corporate Entities

in addition to the above the following requirements have to be met,

(i) The proxy form shall be witnessed by two persons whose names, addresses and CNlC numbers shall be stated on the form.

(ii)

(iii

Scanned copies of CNIC or the passport of the beneficial owners and the proxy shall be submitted with the proxy form.

In case of corporate entity, the Board ofDirectors resolution / power of attorney with specimen signature shall be submitted (unless it has been provided earlier) along with pi'oxy form.

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'BALLOT PAPER

Ballot Paper for voting throu9h post for the Special Businesses at the Extra-ordinary fleeting to be held on Wednesday, Feb 11, 2026, at 04:30 noon at Plot # 5, Bangalore Town, Near Awami Markaz, Shahrah-e-Faisal, Karachi PakisBn and through video conferencing.

Contact Details of the Chairman at which the duly filled in ballot paper may be sent:

Address: The Chairman, at Plot # 5, Bangalore Town, Near Awami Markaz, Shahrah-e-Faisal, Karachi Pakistan Attention of the Company Secretary.

E-mail address: salITIdn,majeed@blue-ex.com Phone: +324 - 3457178 Y/ebsite: www.bl ue - e x . co m

Adddonal information and endosures (in case of representative of body corporate, corpora0on, and federal Government)

l/we hereby exercise my/our vote in respect of lie following special resolutions through postal ballot by conveying my/our assent or dissent to the resolutions by placing tick (7) mark in the appropriate box below: (In care if both the boxes are marked as (7), your poll shall be treated as "Rejected")

Head Offite:

Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.

+92-21-111-258339

Regional Office - Central

158-S, guard-e-Azam Industrial Estate, Kot Lakhpat, Lahore.

Regional Office - North

Building # 2A, Airport Link

Road, Chaklala, RdWdl indi.

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b i v, , I paper Should be senl la Ihe Chairman ol Blue •Ex alPlol15, Bangalore Toy/n, Near Av/ami Markaz,

thahrah e-Faisal, harachi Pakistan. Allenllon ol lho Company Secrela y or e-mail al salman majeed@blue-e com

1. 00py of CNIC/ Pass@rt (in case of forelgner) should be enclosed uilh the p0slal ballot lorm.

2. Ballot paper should reach lhe Chaiman wilhin business hours by or belore Tuesday, Feh 10, 2026. Any postal Ballot received acer his date, ill not be considered for voting.

3. Signature on ballol paper should malch vilh signature on CNIC/ Passport. (In case of foreigner).

1. In Case of a representative ol a body corporale, corporation or Federal Government, lhe Ballol Paper Form must be aCcom#g0ied by a Copy Of the CNIC of an authorized person, an attested copy of Board Resolution / Power of Akomey / Aulhorizalion Lefter etc., in accordance ailh Section(s) 138 or 139 ol the Companies Act, 2017 as appfcabe. mtce case o||oreign bod co o‹aéetc., a| doctmens must be atesed b lie Counsel General o| Pakistan hav • iU‹iSdiC[i0onver lie member.

2. Ballot Paper form has also been placed on the aebsile of lhe Company at ww.blue-ex.com. Members may download the Ballot paper from the website.

Shareholder / Proxy holder Signature/Authorized Signatory (In case of corporate entity, please affix company stamp)

Head Office:

Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.

+92-21-111-258339

Regional Office - Central

158-5, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.

Regional Office - North

Building # 2A, Airport Link Road, Chaklala, Rawalyindi.

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