Auditors Certificate Regarding Directors and Substantial Shareholders Subscription to the Right Issue of LSE Ventures Limited

December 24, 202S/ f The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

Subject: Auditors' Certificate Regarding Directors' and Sub9t&naal Shareholders' Subscription to the Right leaue of LSE Ventures Limited

Dear Sir,

We would like to inform you that an amount of PKR 87,342,185/- (Rupees Eighty-seren million, three ñundced forty-tzoo thousand, oee hundred ct fity-fire only), representing the enatlement of 17,468,437 right shares at an exercise price of PKR 5 per share (43.67% of the total Right Issue} has been fully subscribed by theDirectors and the Substantial Shareholder of LSE Ventures Limited on December 23, 2025,as permitted under the Companies (Further Issue of Shares) Regulations, 2020.

An Auditof s Certificate dated December 24, 2025, issued by the Statutory Auditors, Mls Oyas Saeed & Co., Chartered Accountants, is enclosed herewith, confirming the receipt of subscription money for the issuance of Right Shares.

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

For and on behalf of

£SE Ventures Limited:

Enclosed: As above

Cc: The Execuave Directoz/HOD, Offsite•ll Department, Supervision Division, Securities and Exchange Commission of Pakismn, i"JlC Building, Blue Area, Islamabad-

Ref. No. A/0040 1/25

December 24. 2025

Ilyas Saeed & Co.

Chartered Accountants

105-1-3, Model Town, Lahore - Pakistan T : +92 42 3586 8849, 3586 1552

E info@ilyassaeed.com W : https://www.ilyassaeed.com

AUDITOR CERTIFICATE ON RECEIPT OF SUBSCRIPTION MONEY FROM DIRECTORS AND SUBSTANTIAL SHAREHOLDERS AGAINST RIGHT ISSUE OF SHARES

Dear Sir.

We have been requested by the management of LSC Ventures Limited ("the Company") to provide a certificate on receipt of subscription money from directors and substantial shareholders of the Company against right issue of shares.

Scope of Certificate

This certificate is being issued to confirm the receipt of" subscription money from the directors and substantial shareholders of the Company and is provided for onward submission to the Pakistan Stock Exchange (PSX).

Management Responsibility

The management of the Company is responsible for making compliance with requirements of relevant laws and regulations; receiving money from directors and shareholders; maintaining proper books of accounts and seeking appropriate approvals from competent authorities.

Practicing Auditor's Responsibility

Ottr responsibility is to certify that the subscription money has been received from directors and substantial shareholders in accordance with the 'Guidelines for Issue o/' CertiJicciies for Specinl Purposes by Pracficing Chartered Accountant Firms' issued by the Institute of Chartered Accountants of Pakistan. Our verification was limited to the procedures as mentioned below:

1. Obtained and reviewed copy of extracts ot" resolution ot' the Board of Directors of the Company approving issue of right shares;

2. Reviewed the approval letter from PSX for issuance or right shares;

3. Obtained and reviewed the undertakings for issuance of right shares made by the directors and substantial shareholder(s); and

4. Obtained copy of bank slaternenls provided by the Bankei to the Right Issue to trace the receipt of subscription money amounting to Rs. 87,342, 185 in Baud Account No. 3192301000005270 maintained willi Faysal f3ank Limited.

Ilyas Saeed ‹R. Co. isa partnership tram registered in Pakistan and an independent member of MGI Worldwide, a network oI independent accounting, auditing, tax and coms tilting firms worldwide.

mgiworldwide/

Ilyas Saeed & Co.

Based on the procedures iiiciilioned atiove, we certify that an amount «r R . 87.342, I 85/- (Rupees Eighth'-sc›'en milIit›n. llH-cc l»Miccl I‹›i1y-lwt› thous‹net, ‹Inc hin‹Ired mighty- fi ve only) has been

Restriction on Use and Distribution

This certificate is being issued on the request of the management, solely for onward submission to the Pakistan Stock Exchange (PSX) and shall not be distributed or subrnined to any other part. without our prior consent. This certificate is not to be presented as a testimony in any court of law.

Ilyas Saecd & Cu.

L bartered Account a‹ils Lahurc.