Registerecl Office
November 17, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
'^2 21) 111467 -'JU
SUBJECT: DISCLOSURE OF INTEREST BY SUBSTANTIAL SHAREHOLDER UNDER RULE 5.6.4 OF THE
PSX RULE BOOK
Dear Sir / Madam
In compliance with Rule 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited (the "PSX"), we are writing with reference to Ms. Erum Bilwani, who is a director and substantial shareholder of Intermarket Securities Limited (the "Company") holding 43.07% shares of the Company, as well as a director and substan0al shareholder of AB Holdings (Private) Limited ("AB Holdings"), holding 30% shares of AB Hqldings.
We have been informed through letter dated 10'h November 202S (enclosed) that AB Holdings, under the Share Purchase Agreement dated September 30, 2025, has acquired 102,079,820 ordinary shares of the Company (equivalent to 7.92% of the issued and paid up capital of the Company) from EFG Hermes Brokerage Holdings LLC (UAE) , at the rate of 0.01 per share. The shares of the Company are held in electronic form with the Central Depository Company (CDC). As a result of the foregoing, we understand there has been an indirect change in the beneficial shareholding and ownership of Ms. Erum Bilwani in the Company as per the details set out above.
This disclosure is being made to keep the PSX and market participants informed in accordance with the applicable regulatory requirements.
Yours faithfully
For and on behalf of Intermarket Securifies.Limited Shahid Kamal
Company Secretary
Branch - VT
Date: November 10, 2025
Company Secretary Intermarket Securities Limited
Sth Floor Bahria Complex IV, Ext Block Ch. KhaIiq-uz-Zaman Road, Gizri Karachi
Dear Sir
Subject: INTIMATION FOR PURCHASE OF SHARES OF INTERMARKET SECURITIES LIMITED [lMSj
This is to inform you that AB Holdings Limited has purchased 102,079,820 Shares of Intermarket Securities Limited [IMS] from EFG Hermes Brokerage Holding Limited under SPA executed on September 30, 2025 via NDM at the rate of Rs.
0.01 per share. The NDM was executed on October 17, 2025 on T+1 settlement.
Please acknowledge the receipt of this intimation and record the same in your register of members
Regards
For a
n behalf of
AB Holding Limited
Bahria Complex - IV, ¿'' Floor, KhaliqUz Zaman R(had, Gizri, Karachi, Pakistan