Decision of the Board of Directors

MEL/OFR/2026

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

June 15, 2026

DECISION OF THE MEETING OF THE BOARD OF DIRECTORS

Dear Sir,

The Board of Directors of Mughal Energy Limited, in its meeting held on June 15, 2026, has approved the early settlement of the long-term loan amounting to Rs. 2,500 million obtained from Mughal Iron & Steel Industries Limited (Holding Company). This is due to having secured long-term financing from United Bank Limited (UBL) for 05-year period including 01-year grace period.

The above information is being conveyed to the Exchange in compliance with the applicable regulatory requirements.

Yours Sincerely

for MUGHAL ENERGY LIMITED

(Company Secretary)

Offsite-II Department, Supervision Division, Securities & Exchange Commission of Pakistan

63, NIC Building, Jinnah Avenue, Blue Area, Islamabad.