Disclosure of material information

Cnerggico Pk Limited

24t*September 2026

Reference No.: CPL/COR/PSX/146

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi

Dear Sir,

In compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Listing Regulations, we are pleased to inform you that Cnergyico Pk Limited (the "Company") has today, i.e., 24** September 2026, signed the Upgradation Agreement with the Government of Pakistan through its state-owned enterprise, Inter State Gas Systems (Private) Limited ("ISGS"), pursuant to the approval of the Economic Coordination Committee (ECC) of the Cabinet under the Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023, as amended in August 2026 (the "Policy").

Pursuant to the Policy, ISGS has been nominated as the implementation entity on behalf of the Petroleum Division for execution of the Upgradation Agreement, which provides for the upgradation of the Company's existing refinery, including implementation of the approved refinery upgradation project, in accordance with the terms and conditions stipulated under the Policy.

The Company remains committed to upgrading and modernizing its refinery in line with the objectives of the Policy and expresses its appreciation to the Government of Pakistan for its support and initiatives towards facilitating the modernization and upgradation of the country's refining sector.

The signing ceremony was held in Islamabad and was attended by representatives of the Government of Pakistan and the participating refineries.

This disclosure is being made in compliance with the applicable provisions of the Pakistan Stock Exchange Limited Rule Book.

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

Yours f.

Majid Muqtadir Company Secretary

Copy to: Executive Director / HOD, Offsite-II Department - SECP

Cnerqyico Pk Limited

ANNEXURE A

IN TERMS OF SECTIONS 96 OF THE SECURITIES ACT, 2015

Please mark the appropriate box below (see General Instruction A.1 below before filing the details).

Public disclosure of price sensitive / inside information, which directly concerns the listed securities.

We are pleased to inform you that Cnergyico Pk Limited (the "Company") has today, i.e., 24'h September 2026, signed the Upgradation Agreement with the Government of Pakistan through its state-owned enterprise, Inter State Gas Systems (Private) Limited ("ISGS"), pursuant to the approval of the Economic Coordination Committee (ECC) of the Cabinet under the Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023, as amended in August 2026 (the "Policy").

Pursuant to the Policy, ISGS has been nominated as the implementation entity on behalf of the Petroleum Division for execution of the Upgradation Agreement, which provides for the upgradation of the Company's existing refinery, including implementation of the approved refinery upgradation project, in accordance with the terms and conditions stipulated under the Policy.

The Company remains committed to upgrading and modernizing its refinery in line with the objectives of the Policy and expresses its appreciation to the Government of Pakistan for its support and initiatives towards facilitating the modernization and upgradation of the country's refining sector.

The signing ceremony was held in Islamabad and was attended by representatives of the Government of Pakistan and the participating refineries.

This disclosure is being made in compliance with the applicable provisions of the Pakistan Stock Exchange Limited Rule Book.

The Co p ny, on its behalf, has duly authorized the undersigned to sign this disclosure form / statement.

Company Secretary

Thursday, 24°h September 2026 Karachi