Sukuk - VIII - Issuance

MISIL/Sukuk-VIII/2026 August 06, 2026

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

By PUCAR & Courier

ISSUANCE OF SUKUK -VIII

Dear Sir,

This is to inform that the Company has successfully issued rated, secured, privately placed, Otc listed, mid-term Sukuk Certificates ("Sukuk-VIII") amounting to Rs. 2,000,000,000 to Qualified Institutional Buyers (QIBs), representing the minimum subscription amount under the issue. The Sukuk has a tenure of three (03) years and has been issued for the purpose of meeting the Company's working capital requirements. The transaction was completed on Wednesday, August 05, 2026, being the issue date.

The total issue size is up to Rs. 2,500,000,000, inclusive of a Green Shoe Option of Rs. 500,000,000. The Green Shoe Option remains open, and the Company will notify separately upon its successful placement and completion (if any).

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.