CSIL | The Crescent Star Insurance Company Limited 38% Right Issue at a Discount Offer Price 3/= Per Ordinery Shares

PSX/N- 90

January 20,2026

Reproduced hereunder letter dated January 20, 2025 received from 786 Investments Limited alongwith the relevant details/informationpertaining to Issuance of Right letters by the Company and the Schedule of

Trading, for information of all concerned.

Estd. 1957

Jiinti‹iry 20, ?026

Mr. Alobar Ali

Manager 'trading A TREC Affairs Depai Intent Pakistan Stock Exchange

Karachi

Subjccl: Crescent Star Insurer i!CeLntiiit8d 38.00000038l0"ñ rights issue at an offer price of PKR 3/- rier ordirinrY shares

Dec Sii

With refcrcnce to our ap}ilication for' issuance of Right Shares, we liei'eby fiirtliei' confirm as under

We shall abide by the CDC and PSX procedures relating to Right Shales and shall deposit ltte unpaid right in (Book Entry) within the time fi aine as stipulated under the CDC procedvues as well as PSX Regulations.

OnIine Payment Option for ! AS Accoiitit Holders: CDC has introduced Online Hay ment facility through 1 Link for flights Subsci ipt ion. The illvestor Account Holders can now make online payment Lot their' respective ri3hts siibsci'ibcd against l Bill l°ayrrient I D printed on top right hand side of the Itight Subscl'iption Rcquest (generated by CDS) though till the available oiiline bank ing channels of 1 L ink's iBcnibei' ban!‹s (such as internet banking Automated 4"elher Machine (ATM) and mobile banking)

The paynicnt of unpaid rislit letter will he rn‹ide by cash or crossed cheque or demand di'aft or pay oi'dcr made oitt to the ci edit of "Ci'esccnt Star lnsui ance Ltd Right Shares Subscription Account" though all branches of Faysal Bank Limited in Pakistan as per tentative schedule subiuiacd to you.

4 lie Shai eliolders holding oi'dinai3 shares of the Company in phys ical form should please note that under the CDC applicable Rights Shares l'roccdures, the physical shareholder can icnounce his/her letter of rights by depositing into liis/her owti CDS investor or sub account to a person who is investor or sub-account Itoldci' with CDC. Further, physical shareholder tan renounce his/her Letter of R's Its and Renotincee(s) can also get credit of right share in book-entry form iii his/tier own CDS investor or sub-account by providing his/her own CGS investor or sub account details. SH.n'eholdei's holding shai cs of the Cornpany in physical form can also get credit of right shares in his/tier own CDS investoi or sub account by pi'oviding his/her own CDS investor or sub nccoutlt details.

We shall request yoti to plense opprove the letter' of intimation, Letter of'Right to Physical Shai elioldeis, information as per Schedule I to Coiiipaiires (Ftirtliei Issue of Shares) Regulations, 2020 and tentative schedule of Right Issue and Right Subsci'iption Request ›s'liich »'eru eat lici' providcd to you.

Ci"es i1t Stai" Insrii"ancu I.iMitcd

1

Malik Melidi'Vuliarturnid

Cir ief Financial Officer/Company Secretary

, -. , .|,

Jaimai'y IG, 2026

Mr, Al‹bar Ali

Manager' Trading & TREC Affairs Dcpai'tiueiit f'akisIait Stock Exchange

Right Issue Timeline

Fni' nn oi› behalf of

C›'csc n Stai' Iitsui'ancc Lilniterl

Malik eltdi ihainit›ad

Cl›ief Financial Gfficei"/Company Soci"etai"y

Head Office: 2'dFloor, Nadir House, I.I Chundrigar Road, Karachi - 74000, Pakistan

UAN 1-52-21-111-274-000 PABX: +92-21-32415471-3 Fax : +92-21-32415474 E-mail : info@cstarinsulal1ce.com

Crescent Star I nsiirance Limited

2 ° rloor, Nadir House, I.I. Chundrigar load Karachi Phone no +92 21 32415471-3

},Veb: } tlps://cstarinsurance.com/

Share Registrar:

F.D. Registrar Services (Pvt.) I..rusted

l7'^ Floor, Saima Trade Tower-A, T.l. Chundrigar Road Karachi Tel: 021- 32271905-6, Fax: 021- 32621233

Web: c

INTIMATION Lrarn REcARDINc nieHT CNTIT1.EMENTS CONFIMATION

Issue of 40,924,116 Ordinary Shares (i.e., 3g.0000003810%) of Rs. 10/- each offered at 'Is. 3/- per share (i.e., at discount) pay able in full, on acceptance on or before Friday, February 13, 2026

lf•I1'C1It'f'ANT: NOTES AND ruse uorioNS ARE GIVEN ON PAGE-2, WHICH SHOULD DE CAltLFULLY READ AND YOU-OWLD,

Name and Address of Share-holderls)

Joint Hot der(s)

Dear Certificate-holder(s},

In accorc4ance with the provision tit Section S3 of the Companies Act, 2017, flue prox•isions o/ the Companies (1"ur1her Issue of Share) Regulations, 2020 anrl the decision of the Doard of Directors in their meeting held on Morch 27, 2025, we are pleased to inform you that your entitlement svilh respect to Right Shares in the ratio of 38 ordinary 6hares for every 1tl0 ordinary shares registered in your name ,as iwi )anuarJ 20, 202G, have been cre€iled in to your CDC Account. Thus, physical letter of offer is not required (o be issued to you.

CDS Account No.

No. of Shares Held

flight Offer Credited*

•This right offer is now available for tmding and settlement in book-entry form as per scheduled dates of trading i.e. January 22, 2026

to February 6, 2026 {both days inclusive}.

The right oiled vi ubs<•'P '•n price of lR. 3/- per shiir« (i,c., at Discount), must be accepted and paid for in full to the extent of such suliscription on or before e 26 for the purpose of exercising the right offer, you will have to request the CDC parlicipant / Investor Acctiunt Service.s (IAS) Department (on behalf of IAS account holder) toinitiate Right Subscription lte9uest transaction into CESS on your behalf. Upiin execution at night Subscription lier}uest, CDC Participant / IAS Department will provide two copies of Itighl Sut›scription ltei}uest printouts to you to make the payment wlth authorized banker'(s) to the rlght issue os mentioned in tire Itiglit Subscription Ecxjuezt printouts.

Onlinv l'ayincnl Option for IAS fSub-Account Holders -

COC his Introduced Online P;iyrueiat facility through lLink for rights subscription. The Investor Account Holder/Sub Account Plot ‹hers can notv make ordine payment for their respective rights sibsciibed against lDill Payment ID printed on the top right hand side of the Right Subscription Itequcst (generated by CDS) through all the available online bani.ing charmed of lLink's member banks (such as internet banking, Automated Teller Machines (AND) end mobile banking).

11' any right offer is not t•aken up by th CDS account on or before b 2 6 then these rig]it offers shall be decried to have tween declined by 3'ou and will be treated as cancelled. Lt that event these will be offered to and taken up as decided by the Board of Directors of the Company as yet' Sc•crion 83 of the Companies Act, 2017.

Fractional entitlements, if any, shell not be o/tered and elf fractions less than a sh0re shall be consolidated and dispo.sed of by the company and the Proceeds front such disposition shall be paid to such of the entitled shareholders as may have accepted such offvr within 5fteen days after completion of allotment.

Please note that once the !tight Subscrlption Request has been inltiaterl by COC Participant/ IAS Department into CDS, right offer to the extenl included in such request will be blocked and therefore cannot be traded further. rlease also note that shore certificates against paid Right Subscription Requested wIlJ be credited to your respective CDS account within 14 business days ftom the last payment date.

Information require‹l undet Schedule 1 to the Companies (Further Issue of Shares) Reguliitions, 2020 is enclosed herewith as Annexure "A" and the attested extract of tho resolutions passed by the Board of Directors approving the right issue is enclosed as Annexure "0"

PAYMENT OF RIC›HT OEFER DY CDS ACCOUNT HOLDERS

Details of 4'radin Subscri tion and Credit of Ri lit Securities for CDS Account Holders Activities

Date of Cretlit of Unpaid Ribht Shares into ODS

Subscription of light Offer Start Date

Date of Commencement of Trading of Un-Paid Rights at Pakistan Stock Exchange Last Date of Trading of Un-Paid Piglets

Last Date of Subscription of flight Offer

Date of Credit of Right Securities into CDS

Dates 2U01/2026

22/01/2026

22/01/2026

6/02/2026

13/02/2026

27J027202G

rayment l'rocedures:

1, Oankerls) to the Issue:

Dank Branches for Account No.

_ Isa ment

Faysal Dank Limited All Drenches A/c No. 3705301000002047

IBAN No.PK13FAYS370F30I000002047

Dranch Name & Code where the Account is Maintained

All Branches

2, Eligibility to Renounce the Rights:

a. Sl archolders of flac Company are allowed to renounce their rights in favor of any oflaer person(s) to subscribe the right certific-ates.

1. Exercising tlir Right Offer into CDS:

   1. for subscription of right offer, CDI account hplder will rec}ue.st in writing to his/leer CDC participant / IAS Department to initiate Right Subscription Request into CDS on his/her behalf and CDC participant / IAS Department will provide him / her two copies of Right Subscription n guest enablhag him/her to make the payment with authorized banker to the right issue.

   2. Right Subscription ltequest canbe initiated for full or partial right offer.

1. Payment as incticaled on Right Subscription Request sliotdd be made by cash or crossed Clieqttc or ctemnnd draft or pay order made out to the credit of "CRESCENT STAR INSURANCE LIMITED -Right Shares Subscription Account" for shares through above mendoned branches in Pakistan on or before, February 13, 2026 alonb with Right Subscription Request duly filled in and signed b) the subscriber(s).

2. Lt case of Non-ltesident Pakistan / Foreign certificate-holder, the dciJaand draft of equivalent amount in Pak Rupees should be sent to the Company' Secretary, CRESCENT STAR INSURANCE LIMITED at the registered office of the comr y along with Right Subscription 'Request (both copies) dul}' filled and signed by the subscriber(s) with certified copy of NICOP /Passport well before the last date of payment.

3. All cheques and drafts must be ctrawn on a bank situated in tlae same city ivhc*re Right Subscription itequest is deposited. Gaeque is subject to realization.

4. The Dank will not accept Right Subscription Requests delivered by post which may reach afler the closure of business on Peb 13.2026 unle.ss evidence is available that these leave been posted taefore the last date of payment.

5. Online Payment Option for IAS /Sub-Account Holders- Time Investor Account Holder/Sub Account Holders can now make online payment for their respective right subscribed against lBill l'aymciat IN printed on the top right hand side of the Right Subscription Request (generated by CDS) tliiGugL all the available online banking channels of 1.Link's member banks (such as internet banking, Automated Teller Machines (ATM) anti mobile banking).

1. accrrTxNCr or rAYhtENT THROUGH tlGHT SUBSCRIPTION CE@UEST:

   1. Payn4eiat of the amount indicated on Right Subscription n i«est to the Company's Banker to the issue on or before F b 13.2026 shall be treated as acceptance of the ltight offer.

   2. Two copies of Right Subscription llequests should be handed over to the Company's Bankers to the issue intact. Client's copy of Eight Subscription Request will be returned to the subscriber whilst Issuer's copy willbe retained by the Banker for onward transiiiission to the Company. The Client's copy must be prescrvecl and retained safely by the subscriber.