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Publication of Public Announcement of Intention to acquire shares and control of Pioneer Cement Limited by Maple Leaf Cement Factory Limited in Newspapers

· Issued by Next Capital Limited


November 17, 2025 The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building, Stock Exchange Road, Karachi

Executive Director

Public Offering and Regulated Persons Department Securities Market Division

Securities and Exchange Commission of Pakistan

NIC Building, Jinnah Avenue, Blue Area, Islamabad

Mr. Talha Saif

Company Secretary Pioneer Cement Limited 64-B/I, Gulberg-III Lahore

Subject:

Dear Sir(s),

Publication of Public Announcement of Intention to acquire shares and control of Pioneer Cement Limited by Maple Leaf Cement Factory Limited in Newspapers

Reference to the captioned and our letter dated November 13, 2025, public announcement of intention has been published in 'Business Recorder' and 'Nawa-e-Waqt' on November 17, 2025, in accordance with regulation 6(S) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

Copies of the aforementioned newspapers are attached.

Should you require further information, feel free to contact the undersigned.

Sincerely,

For and on behalf of Manager to the Offer



Aamna Rasheed

Senior Analyst, Investment Banking

Encl: as above







12-Main Gulberg, Lahore

Composite Lahore













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