Notice of full redemption of class a preference shares of Jahangir Siddiqui & Co. Ltd.

Ref: CL - 127/25

Dated: November 28, 2025

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building, Stock Exchange Road, Karachi.

z•i•••sir suaigm a co.eta.

20th Floor, The Centre

Plot No. 28, SB-5

Abdullah Haroon Road

Saddar, Karachi - 7 too, P ki la».

https://www.js.cOM

Subject: Notice of Full Redemption of Class 'A' Preference Sharea of Jahangir Siddiqui & Co. Ltd.

Dear Sir,

This is further to our letter No. CL - 109/ 25 dated October 30, 2025.

Please find enclosed notice of full redemption of Class 'A' Preference shares of Jahangir Siddiqui & Co. Ltd. (the 'Company').

The Company's share transfer register for Class 'A' Preference Shares will be closed for determination of entitlements from January 01, 2026 to January 07, 2026 (both days inclusive).

In tins regard, please find enclosed the draft notices to be published in "The NEWS" and "JANG" newspapers (Karachi, Lahore and Islamabad editions), on December 01, 2025.

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

Yours truly,

Muhammad Babar Din Company Secretary

Copy to:

The Director / HOD

Surveillance, Supervision & Enforcement Dept. Securities & Exchange Commission of Pakistan, NIC Building, Jinriah Avenue, Islamabad.

Registered Ol•lice: Room No.413, 4th Floor, ISE Towers, 55-B, Jinnah Avenue, Islamabad

Jahangir Siddiqui & Co Ltd.

Mamne‹ i,20?z

January 01, 2026 to January 07, 2026 (both dws iMlusive) n so ‹to rty) days of the er+cl of tfl'e book closure as per

Eech Class Prefered+ce Sha e win be redeem

addition the Company will eiso pey any accumulated d vtdends on each Preference Share calculated up to the Redemption Date of December 3:I, 2025. Payments will be made to ali sherehoklers whosa name epr+ear on the register of the prefered+ce shareholders on the Redamgtion Oate of Oecember 3:I, 2025

The Reoemptlon Price as well as the amumulated dividends will be disbursed to eligible Preference St+arehoide s with n 30 thirty days ef tf+e end of the bode c osure ome. Payments shal| be made dy the oornpeny to the Preference Shareholders by a crossed payee account cheque or a bank draft or a pay order or through bank transfer. based on tha sharetiokler details eyailabTe wfth the Company's

CDC 8hare Registrar Serv ces Limited

TranWr Wrlctiona

To faciiitaw rhe reclemption process, the 0ompeny'a share tramfor register for Clees 'A' Preference Sheres will be ck›sed for transfers from Jenuery 01, 2026 to Januery 07. 2026 (both days Inclusive).

Dunng rhs period ne transfer of Class A' P enoe Pharos will be pern+Itted heroholders on record

fully redeemed and cence

2. Surr@der of Rhye1caI Shere Certi Shareho4dera who hold Class 'A' Preference Shares In physical form are required to surrender the physical share certificeles to the Company by Decen"ber

ng Add ress:

n the Active Taxpayer Let ATR ieued dy the FBR from time to tkne end a non-fllar i* a @^"^ other than a filer. To enable the Company to ••ithhokI tax et *se for fliers, all shareholders are advised to ensure that their name4 appear in the latest aveii0bie ATL on FBR website. otherwise tax on their caeh dividend will be deducted at 30% for non-fllers. Wkhhok•ling taX e¥emptl0n from the d vidend ncome shall only be allowed If a copy of va Id tax exemption cert ticate 1s made

y |gty Norj-Fller status of the principal sherehojder ae wet as the stetus of the joint hotdef' besed on their shareholding proportions. Members that hold gheres with Joim snarenolders e e requested to provide tne sfiar•no‹a ng proportiora o‹ to r incipa ehar hold and theant^°^•'T*

in orde to claim exemption frem compu|ssry deducfion of ZaXat, shareholders are requested to submit a notarized copy of Zakat Oeclaration Form "AZ-50" on hon-Judicial Stemp Paper of Rs. 300/- to the Share Registrar, CDC Share Registrar Services LimI1ad. of the Company. In caoe sheres are neld in

so‹ipieesmaim such zakat oecie atk'n r• m ‹cz -so› must be uploaded i• tne coc ecoount of tna

sharetooer, though tneir part*lpant/ ] tor km Services. Further, Non-Mem sfiafefxflders are

also requlreo B file Solemn Affirmation aYeileble onhttps://www.cd-T com/downToad with !

of zeket will be aliayed un ess the above dauments complete in all ere timely 0d

For additionaJ information or assistance with ttic redemption proceedpl,ease fael free to reech out to the Company 5eCretary of the Company et ehare Ia•coa

Jahangir Siddiqui & Co. Ltd.

Date: December 01, 2025

The Board of Directors of Jahangir Siddiqui & Co. Ltd. ("Company") at their duly conveyed meeting held on October 29, 2025 have approved the redemption of all outstanding Class 'A' Preference Shares, effective as of December 31, 2025, in accordance with the terms and conditions agreed upon at the time of issuance of the Preference Shares.

Key Details of the Redemption

Redemption Price and Dividend Payment

Each Class 'A' Preference Share will be redeemed at a price of Rs. 10/- (Rupees Ten) per share. In addition, the Company will also pay any accumulated dividends on each Preference Share, calculated up to the Redemption Date of December 31, 2025. Payments will be made to all shareholders whose name appear on the register of the preference shareholders on the Redemption Date of December 31, 2025.

Payment Disbursement Schedule

The Redemption Price as well as the accumulated dividends will be disbursed to eligible Preference Shareholders within 30 (thirty) days of the end of the book closure date. Payments shall be made by the Company to the Preference Shareholders by a crossed payee account cheque or a bank draft or a pay order or through bank transfer, based on the shareholder details available with the Company's Registrar i.e., CDC Share Registrar Services Limited.

Transfer Restrictions

To facilitate the redemption process, the Company's share transfer register for Class 'A' Preference Shares will be closed for transfers from January 01, 2026 to January 07, 2026 (both days inclusive). During this period, no transfer of Class 'A' Preference Shares will be permitted. Shareholders on record as of December 31, 2025, will be eligible for redemption and associated dividend payments.

The last date for trading of the Preference Shares will be notified to ensure that all settlements are complete by December 31, 2025.

Important Information for Shareholders

1. Final Rights and Entitlements: Upon redemption on December 31, 2025, the Class 'A' Preference Shares will no longer carry any rights, dividends, or claims, and such shares will be deemed to be fully redeemed and canceled.

2. Surrender of physical share certificates: Shareholders who hold class 'A' preference shares in physical form are required to surrender the physical share certificates to the Company by December, 31 2025 along with duly signed and verified transfer deeds (if applicable)

3. Update of Contact and Bank Details: To ensure accurate processing of payments, shareholders are requested to verify and update their registered address and banking details with the Company's Registrar, CDC Share Registrar Services Limited, no later than December 31, 2025, at the following contact details:

   Email: info@cdcsrsl.com

   Mailing Address: CDC House, 99 - B, Block 'B', S.M.C.H.S., Main Shahra-e-Faisal, Karachi-74400.

   In case any Preference Shareholders fails to notify the Company of their updated address, the Company shall dispatch the cheque/bank drafts/ pay order at his/her/ its last known address recorded with the Company at his/her/ its risk without any further obligation on part of the Company.

4. Deduction of Withholding Tax and Zakat on Dividend (as applicable): In compliance with Section 150 read with Division I of Part III of the First Schedule and read with Rule 1 of tenth Schedule of the Income Tax Ordinance, 2001, withholding tax on dividend income will be deducted for 'filer' and 'non-filer' shareholders at 15% and 30% respectively. A 'filer' is a taxpayer whose name appears in the Active Taxpayers List (ATL) issued by the FBR from time to time and a 'non-filer' is a person other than a filer. To enable the Company to withhold tax at 15% for filers, all shareholders are advised to ensure that their names appear in the latest available ATL on FBR website, otherwise tax on their cash dividend will be deducted at 30% for non-filers. Withholding tax exemption from the dividend income shall only be allowed if a copy of valid tax exemption certificate is made available to the Share Registrar, CDC Share Registrar Services Limited, of the Company by the first day of book closure.

According to the FBR, withholding tax in case of joint accounts will be determined separately based on the 'Filer/ Non-Filer' status of the principal shareholder as well as the status of the joint holder(s) based on their shareholding proportions. Members that hold shares with joint shareholders are requested to provide the shareholding proportions of the principal shareholder and the joint holder(s) in respect of shares held by them to our Share Registrar, CDC Share Registrar Services Limited, in writing. In case the required information is not provided to our Registrar it will be assumed that the shares are held in equal proportion by the principal shareholder and the joint holder(s).

In order to claim exemption from compulsory deduction of Zakat, shareholders are requested to submit a notarized copy of Zakat Declaration Form "CZ-50" on Non-Judicial Stamp Paper of Rs. 200/- to the Share Registrar, CDC Share Registrar Services Limited, of the Company. In case shares are held in scripless form such Zakat Declaration Form (CZ -50) must be uploaded in the CDC account of the shareholder, through their participant / Investor Account Services. Further, Non-Muslim shareholders are also required to file Solemn Affirmation (available on https://www.cdcsrsl.com/download) with the Share Registrar of the Company in case of shares are held in physical certificates or with CDC Participant / Investor Account Services in case shares are in scripless form. No exemption from deduction of zakat will be allowed unless the above documents, complete in all respects, are timely provided.

For additional information or assistance with the redemption process, please feel free to reach out to the Company Secretary of the Company at shareholder@js.com.

This redemption marks the end of all obligations associated of the Company in respect of the Class 'A' Preference Shares. We thank you for your continued support and trust in Jahangir Siddiqui & Co. Ltd.

By Order of the Board

Muhammad Babar Din

Company Secretary

-https://www.cdcsrsl.com/download: ¿W› /,J

- @lv shareholder@js.com

31

CDC Share Registrar Services Limited CDC House, 99B, Block 'B'

S.M.C.H.S., Main Shahra-e-Faisal Karachi-74400.

Tel: Customer Support Services (Toll Free) 0800-CDCPL (23275)

CDC Share Registrar Services Limited CDC House, 99B, Block 'B'

S.M.C.H.S., Main Shahra-e-Faisal Karachi-74400.

Tel: Customer Support Services (Toll Free) 0800-CDCPL (23275)