National Refinery LimitedPSX: NRL

Clarification in response to PSX Letter regarding Unusual Movement in Share Price of National Refinery Limited

· Issued by National Refinery Limited




NatnoriaJ ReHn ry

7-B, Korangi Industrial Zone, Korangi. P.O. Box: 8228, Karachi-74900 - Pakistan

PABX : 35064977-79

35064981-86

UAN 111-675-675

website : https://www.nrIpak.com



Ref. 06/0925 September 15, 2025

Hafiz Maqsood Munshi

Unit Head, Listed Companies Compliance, Regulatory Affairs Department,

Pakistan Stock Exchange Limited, Stock Exchange Building ,

Stock Exchange Road,

KARACHI

Subject: UNUSUALMOVEMENT IN PRICE OF THESHARES OFNATIONAL REFINERY LIMITED ("NRL")

Dear Sir,

This is with reference to your letter No. PSX/Gen-1674 dated September 12, 2025 regarding the captioned subject.

In this regard, we would like to state that in terms of clause 5.6.3 of PSX Regulations and Section 97 of the Securities Act, 2015, we are not aware of any reason/material information which may have resulted in unusual movement in share price and which has not been announced previously.

The Company is fully cognizant of all applicable legal and regulatory requirements and will continue to ensure compliance of the same.

Regards,



Badruddin Khan Company Secretary

c.c. Head of Supervision Division- SECP The Chief Regulatory Officer- PSX

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