Issuance of Rated, Secured, Listed and Privately Placed Short-term Sukuk Certificates

MISIL/Sukuk-VII/2025 November 17, 2025

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

By PUCAR & Courier

ISSUANCE OF SUKUK -VII

Dear Sir,

This is to inform that the Company has issued rated, secured, listed and privately placed short-term sukuk certificates ("Sukuk-VII") amounting to Rs. 1,500,000,000/- to qualified institutional buyers (QIBs) having tenure of 09 Months for the purpose of meeting the working capital requirements of the Company. The transaction was completed on Friday, November 14, 2025 being the issue date.

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

Yours Sincerely,

For MUGHAL IRON & STEEL INDUSTRIES LIMITED

(Company Secretary)

CC: The Director / HOD

(Surveillance, Supervision and Enforcement Department), Securities & Exchange Commission of Pakistan, Islamabad.

The Director (Enforcement Department), Securities & Exchange Commission of Pakistan, Islamabad.