Issuance of SUKUK-PKR 2,000,000,000/-

Head Office: Panther House, 97-B, Aziz Avenue, Jail Road, Lahore-Pakistan

UAN: +92 42 11155 4444

info pantherIyres.com

https://www.pantherlyres.com

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building/Road. Karachi.

PANTHER

Dear Sir,

We are pleased to inform you that the Company has successfully issued rated, secured, and privately placed short-term Sukuk certificates amounting to Rs. 2,000.000,000.

The Sukuk carries a tenor of six (06) months and has been priced at 6-month KIBOR plus 0.50%. The issuance has been rated A-l by PACRA. The proceeds from the Sukuk have been utilized to meet the working capital requirements of the Company.

The successful completion of this Sukuk issuance strengthens the Company's liquidity position and reflects the confidence of institutional investors in Panther Tyres Limited's financial strength and governance framework. The issuance further demonstrates the Company's continued focus on diversifying its funding mix through Shariah-compliant financing instruments, in line with its long-term strategy of being a Shariah Compliant Company.

Yours faithfully,

Company Secretary

C.C.

Executive Director/HOD, Offsite-11 Department, Supervision Division,

Securities & Exchange Commission ofPakistan, 63, NIC Building, Jinnah Avenue. Blue Area.

Islamabad.