BML
CML/CSD/2026/01-08
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building Stock Exchange Road Karachi.
Subject: Notice of Book Closure for Redueflonof Shares
Bonk h1okromoh Ltd.
January 16, 2026
Dear Sir, -
In accordance with Sections 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Rule Book, we hereby convey the following information:
In continuation of our earlier disclosure dated November 19, 2025, announcing the Honoumble Islamabad High Court's sanction order dated November 19, 2025, approving the Scheme of Arrangement (the Scheme) filed under Sections 279 to 283 and 285(8) of the Companies Act, 2017, between Bank Makramah Limited (theBank) and Global Haly Development Limited (GHDL), for the restnicturing ofthe Bank.
Pursuant to the Honourable Court's sanction of the Scheme, the following shall take effect:
Issuance and allotment of 12,367,814,589 fully paid ordinary shares of the Bank to the CiHDL shareholders as consideration for the merger of GHDL into the Bank.
Reduction of the share capital ofthe Bank through cancellation of the sham capital unrepresented by available assets, whereby all misting shares of the Bank will be proportionately reduced by 94.7340803)4649%. , -
Issued and paid-up share capital of the Bank shall be (and slull be deemed to have been) Rs. 10,000,000,000/- (Rupees Ten Billion) divided into 1,000,000,000 (One Billion) ordinary shares ofRs. 10/-(Rupees Ten) each as ofthe Effective Date.
To determine entitlements for tire new/reduced shares, the share transfer Wksofthe Birk willremain closed on Saturday, January 31, 2026. Shareholders whose names appear inthe Register ofMembers as of Friday, January 30, 2026 will be entitled to receive the new shares. Transfers received by the Bank's Share Registrar and Transfer Agent, duly comprising original share certificates(s), along with duly verified transferdoed(s) and acertified copy oftheir CNIC, before the close ofbusiness onFriday, January 30, 2026 shall be treated in time for the purpose ofentitlement.
It may please be noted that all existing physical share certificates will stand cancelled as of Saturday, January 31, 2026. The shareholders holding shares in physical form are requested to surrender their original shares certificates(s) and a certified copy of their CNIC, to the Baak's Share Registrar and Transfer Agent, at the address provided below, for issuance ofnew share certificate(s):
Plot No.32-C, Jami Commercial Stmet 2, D.H.A., Phase VII
Karachi-75500.
Head Office:
plot t/ G-2, Block #' 2, Scheme 4' 5, Clifton, Karachi - Pakistan.
PABX: (OZS) 3Z4O2924 Emeit: Info‹pibankmakramah.com, Website: www.bankmakramah.com
BM L Bank MakramahLtd.
oreover, in compliance with Rule No.5.6.9 (b) of PSX Rule Book, we have also enclosed herewith the text of advertisements that are to appear in the Daily combined editions of the "Nawa-e-Waqt" and the "Business Recorder" on January 20, 2026.
You may please inform the TRE Certificate holders of the Exchange, accordingly.
Thanking you,
Very truly yours
For & on behalf of
Ban mJed
Company Secretary
Copy to:
The Director (Enforcement), Securities 3farket Division, Securities & Exchange Commission of Pakistan, NIC Building, 63, Jinnah Avenue, Blue Area, Islamabad.
The Director, Banking Policy and Regulations Department, Sinie Bank of Pakistan, I.I. Chundrigar
Road, Karachi.
The Director, Banking Supervision Department - 2, State Bank of Pakistan, I.I. Chundrigar Road, Karachi.
Head Office:
Plot /t G-2, Block # 2, Scheme d 5, Clifton, Karachi - Pakistan.
PABX: (O21} 324OZ92d Email: info@bankmakramah.com, Website: www.bankmakramah.com
BML
Bonk Makromoh Ltd.
DRAFT NEWSPAPER NOZICE
Notice ofBook Closure for Reducdon of SharesThe Shareholders of Mls. Bank Makramah Limited (the "Bank") are hereby notified that this is in continuation of our earlier disclomre to the Pakistan Stock Exchange (PSX), dated November 19, 2025, announcing the Honourable Islamabad High Court's sanction order dated November 19, 2025, approving the Scheme of Arrangement (the Scheme) filed under Sections 279 to 283 and 285(8) of the Companies Act, 2017, between Bank Makramah Limited (the Bank) and Global Haly Development Limited (GHDL), for the restructuring of the Bank.
Pursuant to the Honourable Court's sanction of the Scheme tlte following shall take effect:
Issuance and allotment of 12,367,814,589 fully paid ordinary shares of the Bank to the GHDL shareholders as consideration for the merger ofGHDL into the Bank.
Reduction of the share capital of the Bank through cancellation of the share capital unrepresented by available assets, whereby all existing sbares of the Bank will be proportionately reduced by 94.734080314649%.
Issued and paid-up share capital of the Bank shall be (and shall be deemed to have been) Rs. 10,000,000,000/- (Rupees Ten Billion) divided into 1,000,000,000 (One Billion) ordinary shares ofRs. 10/- (Rupees Ten) each as of the Effective Date.
To determine the entitlements for the new/reduced shares, the share transfer books of the Bank will remain closed on Saturday, January 31, 2026. Shareholders whose names appear in the Register ofMembers as of Friday, January 30, 2026 will be entitled to receive the new shares. Transfers received by the Bank's Share Registrar and Transfer Agent, duly comprising original share certificates(s), along with duly verified transferdeed(s) and acertified copy oftheé CNIC, before the close ofbusiness onFriday, January 30, 2026 shall be treated in time for the purpose of enfitlement.
All existing physical share certificates will stand cancelled as of Saturday, January 31, 2026. The Shareholders, holding physical shares, are requested to surrender their physical share certificatots) and certified copy of their CNIC, to the Bank's Share Registrar and Tmnsfer Agent, at the address provided below, after Monday, Febniaiy 16, 2026, for issuance ofnew share certificate(s):
Mls. THK Associates (Pvt.) Limited
Plot No.32-C, Jami Commercial, Street-2,
D.H.A., Phase-VII,
Karachi-7500.
Head Office:
Plot # G-2, Block #' 2, Scheme # 5, Ctlfion. Karachi - Pakistan.
PABX: (021) 32402924 Email: info@bankmakrameh.com, Website' www.bankmakramah.com