RafhanMziize
P RO D CI C TS CO LT D
Cetyerate Headquarters & Registered Office
Rakh Canal East Road Falsalabad - 38860 - Pakistan Tel: +92 41 8540121-23
Fax: +92 41 8711016, 8502197
General Manager
Pakistan Stock Exchange Limited,
Stock Exchange Building, Stock Exchange Itoad Karachi
SUBJi:c r: DiSCI.OSURE PURSUAN'I TO R«G«I.A"I"ION 5
COMPANIES (SUBS"I"AN"I"lac acquIsIrIoN Or vo'iINti SIIAREs
REGULATIONS, 2017 ("I"fIL 'RrorI.ArIoNb•')
Dear Sirs
December 19, 2025 or rrIE LISI"ED AND TAKEOV13RS)
It is hereby informed that Rafhan Maize Products Company 1.imited (the rarget Company") has received firm intention by way of an Addendum to the Public Announcement of Intention dated 14 May 2025 and the corrigendum dated 28 July 2025 from:
Nishat Hotels and Properties Limited;
D.G. Khan Cement Company Limited;
Nishat Mills Limited;
Nishat Power Limited;
Nishat Chunian Power Limited;
Lalpir Power Limited;
Pakgen Power I.imited;
Mrs Naz Mansha;
Mr Itaza Mansha;
Mr Umer Mansha;
1l)Mr Hassan Mansha, (together the "Acquirers")
to acquire control and up to 75.69% voting shares of the "1"arget Company, beyond the thresholds
prescribed under section 11 l of the Securities Act, 20 15. 4"his intention has been notified to the board
of directors of the target company on 18 December 2025. A copy (›f the said Addendumis attached
herewith.
The Pakistan Stock Exchange is requestcd to make the above information immediately available to thc
shareholders of the Target Company under regulation 5(1), by placing it on the notice board and
through notification on automated information system and make an announcement on the house of the exchange.
Yours faithfully
For and on behalf of
Rafhan Maize Products Company Limited
M MST FA PAL ZLJ BE R I
I Icf LG@fi Officer & re p n ra y cc i-eta r-y
cc: Director / HOD, Surveillance Supervision and Enforccment Department,SECP
¿"••¿ Regional Office: 1st Floor Finlay House, I.I. Chundrigar Road, Karachi-74000 - Pakistan. Tel:+92 2132410848, 32427731 Fax: +92 2132428651
December 18, 2025
The Executive Director
Public Offering and Regulated Persons Department Securities and Exchange Commission of Pakistan NIC Building, Jinnah Avenue
Islamabad
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
The Chief Executive Officer
Rafhan Maize Products Company Limited Rakh Canal East Road
Faisalabad
Subject: Addendum to the Public Announcement of Intention dated May 14, 2025 in relation to the acquisition of shares and control of Rafhan Maize Products Company Limited by Nishat Hotels and Properties Limited
Dear Sir(s),
This is with reference to the Public Announcement of Intention dated May 14, 2025 ("PAI") and the Corrigendum dated July 28, 2025, both issued by Nishat Hotels and Properties Limited and published in the Business Recorder and Nawa-e-Waqt on May 16, 2025, and July 30, 2025, respectively.
On behalf of our client(s), we hereby submit an Addendum to the PAI ("Addendum") to update Part B of the PAI, which contains information relating to the acquirers.
Enclosed herewith is a copy of the Addendum. The same is proposed to be published in the Business Recorder and Nawa-e-Waqt on December 19, 2025.
You may contact the undersigned for any additional information or clarification. For and on behalf of
Manager to the Offer
Aamna Rasheed
Senior Analyst, Investment Banking
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ADDENDUM TO PUBLIC ANNOUNCEI"1ENT OF INTEFITION TO ACQUIRE UP TO 75.69% SHARES AND CONTROL OF RAFHAN MAIZE PRODUCTS COMPAI'4Y LIMITED BY NISHAT HOTELS AND PROPERTIES LIMITED
This addendum is being issued to update the list and information of the acquirers in relation to the Public Announcement of Intention dated May 14, 2025 ("PAI") and the corrigendum dated July 28, 2025, both issued by Nishat Hotels and Properties Limited and published in the Business Recorder and Nawa-e-Waqt on May 16, 2025, and July 30, 2025, respectively.
All actions taken pursuant to the original PAI shall remain valid. Except for the updates provided in this
addendum, all other terms and information contained in the original PAI remain unchanged.
Through this addendum, Part B of the PAI, as updated through the corrigendum. shall stand replaced in its entirety.
Part B
Information about the acquirer:
Name(s) and address(es) of acquirer along with persons acting in concert, if any:
Name{s) of Acquirer(s)
Address
Nishat Hotels and Properties Limited ("NHPL")
Nishat House 53-A, Lawrence Road Lahore, Pakistan
D. G. Khan Cement Company Limited ("DGKC")
Nishat House 53-A, Lawrence Road Lahore, Pakistan
Nishat Mills Limited ("NML")
Nishat House 53-A, Lawrence Road Lahore, Pakistan
Nishat Power Limited ("NPL")
Nishat House 53-A, Lawrence Road Lahore, Pakistan
Nishat Chunian Power Limited ("NCPL")
59-Shadman Colony II, Shadman, Lahore, Pakistan
Lalpir Power Limited ("LPL")
Nishat House 53-A, Lawrence Road Lahore, Pakistan
Pakgen Power Limited ("PKGP")
Nishat House 53-A, Lawrence Road Lahore, Pakistan
Mrs. Naz Mansha
28-Main Gulberg, Lahore, Pakistan
Mr. Raza Mansha
43-Tufail Road, Lahore Cantt, Lahore, Pakistan
Mr. Umer Mansha
319-West Canal Bank, Lahore, Pakistan
Mr. Hassan Mansha
28-Main Gulberg, Lahore, Pakistan
Name(s) of the ultimate acquirer or the ultimate controlling shareholder:
Name of Acquirer
Names of utimate controling shareholders
Nishat Hotes and
Properties Limited
Name
Mrs. Naz Mansha Mr. Raza Mansha Mr. Umer Mansha Mr. Hassan Mansha
Security General Insurance Co. Ltd.
D. G. Khan Cement Co. Ltd.
Shareholding (%)
6.14
20.36
20.47
20.47
17.94
8.55
Nishat Mills Ltd.
6.08
Nishat I"1ils Limited
Name
Mian Muhammad Mansha Mrs. Naz Mansha
Mr. Raza Mansha Mr. Umer Mansha Mr. Hassan Mansha
Shareholding (%)
0.11
8.30
8.41
12.60 12.62
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Mrs. Ammil Raza Mansha
Mr. Mil‹ail Raza Mansha
D. G. lthan Cement Co. Ltd.
1.39
0.07
8.61
D. G. Khan Cement
Name
Shareholding (%)
Company Limited
Mian Muhammad Mansha
0.01
Mrs. Naz Mansha
0.05
Mr. Raza Mansha
2.92
Mr. Umer Mansha
6.29
Mr. Hassan Mansha
6.19
Mrs. Ammil Raza Mansha
1.34
Nishat Mills Limited
31.40
Security General Insurance Co. Ltd.
0.10
Nishat Power
Limited
Name
Nishat Mills Limited
Shareholding (%) 51.01
Nishat Chunian
Name
Shareholding (%)
Power Limited
Mian Muhammad Mansha
4.18
Mrs. Naz Mansha
0.03
Mr. Raza Mansha
4.16
Mr. Umer Mansha
4.44
Mr. Hassan Mansha
3.86
Nishat Mills Limited
24.13
D. G. Khan Cement Co. Ltd.
1.55
Security General Insurance Co. Ltd.
3.12
Adamjee Insurance Co. Ltd.
7.44
Lafplr Power
Name
Shareholding (%)
Limited
(Post Buy-back)
Mrs. Naz Mansha
0.02
Mr. Raza Mansha
0.34
Mr. Umer Mansha
0.32
Mr. Hassan Mansha
9.29
Nishat Mills Limited
39.27
Security General Insurance Co. Ltd.
5.59
Adamjee Insurance Co. Ltd.9.77
Nishat (Aziz Avenue) Hotels and Properties Ltd.
0.13
Pakgen Power
Name
Shareholding (%)*
Limited
Mrs. Naz Mansha
0.25
Mr. Raza Mansha
0.05
Mr. Umer Mansha
0.04
Mr. Hassan Mansha
3.93
Nishat Mills Limited
30.25
Security General Insurance Co. Ltd.
2.02
Adamjee Insurance Co. Ltd.
6.89
Nishat (Aziz Avenue) Hotels and Properties Ltd.
0.02
Nishat Real Estates Development Co. (Pvt) Ltd.
0.01
" It may be noted that Pakgen Power Limited is currently undergoing a 6uyback process, and the shareholding disclosed heréin is based on the pre-buyback position and is subject to change depending on the outcome o/'file buyback.
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NISHAT GROUP Jo[dr TLtnt Lore P@stn;tflame(s) and address(s) of manager to the offer of the acquirer:
Name Address
Next Capital Limited 2"dFloor Imperial Court Building, Dr. Ziauddin Ahmed Road, Karachi, Pal‹istan
Principal areas of business of the acquirers and relevant experience:
and Pr i
NHPL operates one of Pakistan's premier shopping malls, Emporium Mall, alongside multiple state-of-the-art hotels under the Nishat Hotel chain. NHPL also owns and operates Nishat Residences comprising of luxury apartments. NHPL serves both domestic and international customers, maintaining strong financial performance and a commitment to corporate governance and sustainability.
NHPL is part of the Nishat Group ("Group") which is one of Pakistan's largest and most diversified conglomerates. The premier public listed companies in the Group include MCB Bank Limited (one of the largest banks in Pakistan), Adamjee Insurance Company Limited (the largest general insurance company in Pakistan), Nishat Mills Limited (one of the largest vertically integrated textile companies in Pakistan), D.G. Khan Cement Company Limited (one of the largest cement manufacturers in Pakistan) and numerous power sector companies such as Nishat Power Limited Nishat Chunian Power Limited, Lalpir Power Limited and Pakgen Power Limited.
The Group's extensive experience in managing large scale operations, combined with its strong financial and governance frameworks, positions NHPL as a strong and capable acquirer of the Target Company.
D.G. Khan Cement Company Limited (DGKCCL) is a public listed company in Pakistan, primarily engaged in the production and sale of clinker and cement. Since its incorporation in 1 978, DGKCCL has developed a strong national presence with three strategically located manufacturing plants across the country, having a combined clinker production capacity of 22,400 MT/day, and an extensive network of over 2,300 dealers providing distribution coverage nationwide. The Company is listed on the Pakistan Stock Exchange.
The Company also has a growing international footprint, exporting to markets including Bangladesh, West Africa, Afghanistan, the USA, China, Sri Lanl‹a, Madagascar, Kenya, and parts of Central Africa, and continues to explore new opportunities through its HUB plant near the port.
DGKCCL holds significant stakes in subsidiaries such as Nishat Packaging Limited, Nishat Dairy (Private) Limited, and DG Khan Cement Company USA LLC, and maintains strategic investments in prominent group companies, generating consistent financial returns. Equity interests within the group include MCB Bank Limited, Nishat Mills Limited, Adamjee Insurance Company Limited, Nishat Hotels and Properties Limited, Hyundai Nishat Motors (Private) Limited, and Nishat Chunian Power Limited.
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Nishat Mills Limited ('NML') is a public limited company incorporated in Pal‹istan under the repealed Companies Act, 1913 (Now Companies Act, 2017) and listed on Pakistan Stock Exchange Limited. Its registered office is situated at 53-A, Lawrence Road, Lahore. NML is engaged in the business of textile manufacturing and of spinning, combing, weaving,
Head Once: Inst Aziz Az/exuet Gnxa B4 Gxtf›srg Vt L ore Page 3 of 15
NiSHAT GROUP
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bleaching, dyeing, printing, stitching, apparel, buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fibre and cloth and to generate, accumulate, distribute, supply and sell electricity.
NML is a leading name in Pakistan's textile industry, renowned for its large-scale operations and global presence. NML serves as the flagship company of the Nishat group, one of Pakistan's largest conglomerates. As a fully integrated textile powerhouse, it operates across the entire textile value chain.
Nishat power Limited
Nishat Power Limited ('NPL') is a public Company limited by shares incorporated in Pakistan on 23 February 2007. The Company's ordinary shares are listed on the Pakistan Stock Exchange Limited. NPL is a part of the power sector businesses of the Nishat Group.
The principal activity of NPL is to build, own, operate and maintain a fuel fired power station having gross capacity of 200 MW in Jamber Kalan, Tehsil Pattoki, District Kasur, Punjab, Pakistan. The address of the registered office of NPL is 53-A, Lawrence Road, Lahore. The power station was installed under the Policy for Power Generation Projects Year 2002 of the Government of Pakistan. NPL has entered into a Power Purchase Agreement with its sole customer, Central Power Purchasing Agency (Guarantee) Limited for twenty-five years and sixty-eight, which commenced from 09 June 2010 and will end on 15 August 2035.
Nishat Chunian Power Limited
Nishat Chunian Power Limited ('NCPL') is a public Company limited by shares incorporated in Pakistan on 23 February 2007. The Company's ordinary shares are listed on the Pakistan Stock Exchange Limited. NCPL is part of power sector businesses of the Nishat Group.
The principal activity of NCPL is to bu.Id, own, operate and maintain a fuel fired power station having gross capacity of 200 f•1W and net capacity of 195.722 MW at Jamber Kalan, Tehsil Pattoki, District Kasur, Punjab, Pakistan. The address of the registered office of the NCPL is 59 Shadman Colony-II, Shadman, Lahore. The power station was installed under the Policy for Power Generation Projects Year 2002 Power Policy of the Government of Pakistan. NCPL has entered into a Power Purchase Agreement with its sole customer, Central Power Purchasing Agency (Guarantee) Limited for twenty-five years and seventy-five days, which commenced from 21 July 2010 and will end on 04 October 2035.
Latpir Power Limited
Lalpir Power Limited ("LPL") was incorporated in Pakistan on 08 May 1994. The registered office of the Company is situated at 53-A, Lawrence Road, Lahore. The ordinary shares of the Company are listed on the Pakistan Stock Exchange Limited.
The principal activities of the LPL are to own, operate and maintain a fuel fired power station having gross capacity of 362 MW in Mehmood Kot, Muzaffargarh, Punjab, Pakistan. The LPL had been supplying electricity to the National Transmission & Despatch Company Limited / Central Power Purchasing Agency (Guarantee) Limited, for around twenty-seven years. LPL also has substantial investments, earning a decent return.
Palcgen Power Limited ("PGPL") was incorporated in Palcistan on 22 June 1 995 . The registered office of the Company is situated at 53-A, Lawrence Road, Lahore. The ordinary shares of the Company are listed on the Pal‹istan Stoclc Exchange Limited.
NISI-L$T HOTELS AND PROPERTIES LIMITED
NISHAT GROUP
The principal activities of the PGPL are to own, operate and maintain a fuel fired power station ("the Complex") having gross capacity of 365 MW in Mehmood Kot, Muzaffargarh, Punjab, Pal‹istan. The PGPL had been supplying electricity to the National Transmission & Despatch Company Limited / Central Power Purchasing Agency (Guarantee) Limited, for around twenty-seven years. PGPL also has substantial investments, earning a decent return.
Mrs Naz Mansha
Mrs. Naz Mansha has over 38 years' experience as a Director on the Board of different companies. She has been associated with D. G. Khan Cement Company Limited (DGKCC) since 1994 and she is also a Chief Executive of Nishat Linen (Private) Limited, a subsidiary of Nishat bills Limited and Director/Chief Executive of Emporium Properties (Pvt) Limited and Director on the Board of Golf View Land (Pvt) Limited, Adamjee Life Assurance Company Limited and Nishat (Aziz Avenue) Hotels & Properties Ltd. She is a graduate from Kinnaird College, Lahore.
Mr. Raza Mansha
Mr. Raza Mansha has more than 28 years diversified professional experience in various business sectors including Banking, Textile, Power, Cement, Insurance, Hotels, Properties, Natural Gas, Agriculture, Dairy etc. He received his Bachelor degree from the University o f Pennsylvania, USA. Currently he is acting as Chief Executive of D. G. Khan Cement Company Lir›Jitcd, Nishat: Packaging Limited and Nishat Developers (Pvt.) Lir›itud. He is acting on the Boards of f1CD Islam ic Bank Limited, lflishat: Hotels & Properties Limited, Nishat (Raiwind) Hot:els and Properties Limited, Nisha't (Aziz Avenu'e) Hotels and Pruperlies L.irnited, Nisf›ut Dairy (Pvt.) Limited, Euronet Pakistan (Pvt.) Limited, Nishat Agriculture Farming (Pvt.) Limited, Hyundai Nishat Motor (Pvt.) Limited and Nishat Agrotech Farms (Pvt.) Limited.
f'1r Umer f'1ansha.
Mian Umer Mansha was co-opted as a Director on the Board of MCB Bank in Novem ber, 1997 and served till September, 2007. Then he was elected as a Director in the Bank's 61 st AGM held in March, 2009.
Presently, at MCB Bank he is the Chairman of the Board's Business Strategy & Development Committee, IT Committee, Compliance Review & Monitoring Committee, Committee on Physical Planning & Contingency Arrangements, and Write-off & Waiver Committee and is also a member of Audit Cotcmittee, Risl‹ Management & Portfolio Review Committee and Human Resource & Remuneration Committee.
In addition, he has been serving on the board of various other businesses. Mr. Umer received his Bachelor's degree from Babson College, Boston, USA. He is acting on the Boards of Nishat Mills Limited, Adamjee Insurance Company Limited, Adamjee Life Assurance Company Limited, Nishat Hotels & Properties Limited, Nishat Developers (Pvt) Limited, Nishat (Raiwind) Hotels and Properties Limited, Nishat Dairy (Pvt) Limited, Nishat Agriculture Farming (Pvt) Limited, Hyundai Nishat Motor (Pvt) Limited, Nishat Agrotech Farms (Pvt) Limited, Nishat Sutas Dairy Limited.
Mr Hassan Mansha
Mian Hassan Mansha has been serving on the Board of various listed companies for several years. He also serves on the Board of Nishat Mills Limited, Nishat Power Limited, Security General Insurance Company Limited, Lalpir Power Limited, Pakgen Power Limited, Nishat Hotels and Properties Limited, Nishat (Aziz Avenue) Hotels and Properties Limited, Nishat (Raiwind) Hotels and Properties Limited, Nishat Dairy (Private) Limited, Pakistan Aviators and Aviation (Private) Limited, Nishat Real Estate Development Company (Private) Limited, Nishat
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Agriculture Farming (Private) Limited, Hyundai Nishat Motor (Private) Limited and NexGen Auto
(Pvt.) Limited.
In case the acquirer is a fund/ company(s):
fan f th
Name of Company
Name of Directors
Nishat Hotels and Properties Limited
Nishat Nilfs Limited
D. G. Khan Cement Company Limited
Nishat Power Limited
Nishat Chunian Power Limited
Lafpir Power Limited
Pakgen Power Limited
Mr. Raza Mansha - Chairman
Mr. Umer Mansha
Mr. Hassan Mansha - CEO
Mrs. lqraa Hassan Mansha
Mr. Ahab Ahmad Khan
Mr. Muhammad Azam
Mr. lnayat Ul(ah Niazi
Mr. Umer Mansha - CEO
Mr. Hassan Mansha-Chairman
Mrs. Mehak Adil
Mrs. Sara Aqeel
Syed Zahid Hussain
Mr. Farid Noor Ali Fazal
Mr. Mahmood Akhtar
Mrs. Naz Mansha-Chairperson
Mr. Raza Mansha - CEO
Mr. Shehryar Ahmad Buksh
Mr. Khalid Niaz Khawaja
Mr. Usama Mahmud
Mr. Farid Noor Ali Fazal
Mr. Shahzad Ahmad Malik
Mr. Hassan Mansha-Chairman
Mr. Ghazanfar Hussain Mirza-CEO
Mr. Humayun Maqbool
Ms. Maleeha Humayun Bangash
Mr. Mahmood Akhtar
Mr. Shahzad Ahmad Malik
Mr. Muhammad Aqib Zulfiqar
Mr. Hassan Mansha
Mr. Ghazanfar Hussain Mirza-Chairman
Mr. Aftab Ahmad Khan
Sheikh Muhammad lqbal
Ms. Leila Khan
Mr. Mustaqeem Talish
Mr. Farrukh lfzal-CEO
Mr. Hassan Mansha - Chairman
Mr. Mahmood Al‹htar-CEO
Mr. Muhammad Azam
Mr. Zaheer Ahmad Ghangroo
Mr. Inayat Ullah Niazi
Mrs. Hajra Arham
Mr. Amir Mahmood
f•1r. Hassan Mansha - CEO
Mrs. Sadia Younas Mansha
NISHAT GROBP
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Properties Limited
Name
Mr. Raza Mansha Mr. Umer Mansha Mr. Hassan Mansha
% of Shareholding
20.36
20.47
20.47
17.94
Security General Insurance Co. Ltd.
Nishat Mills Limited
Name
Mr. Umer Mansha
Mr. Hassan Mansha
% of Shareholding
12.60
12.62
D. G. Khan Cement
Company Limited
Na e
Nishat Mills Limited
% of Shareh d g
31.40
Nishat Power
Limited
Na e
Nishat Mills Limited
% of Shareho d ng
51.01
Nishat Chunian
Power Limited
a e
Nishat Mills Limited
of Sha eho ding
24.13
Lalpir Power Limited
Na e
Nishat Mills Limited
e% of Scha hdingo
39.27
Pakgen Power
Limited
Na e
Nishat Stilts Limited
% of Shareho d g
30.25
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Mr. Muhammad Ali Zeb - Chairman
Mr. Samir Mustapha Chinoy
Sheikh Muhammad Shakeel
Mr. Ghazanfar Hussain Mirza
Mr. Omer Zubair Khan
Mr. Farrukh lfzal
Nishat Hotels and Properties Limited
4'" of October 2007
D. G. Khan Cement Company Limited
27'" of September 1978
Nishat Mills Limited
16'" of November 1959
Nishat Power Limited
23'" of February 2007
Nishat Chunian Power Limited
23" of February 2007
Lalpir Power Limited
08'hof May 1994
Palcgen Power Limited
22'dof June 1995
Lahore, Pakistan
hlame of Company
Authorised Capital Paid up Capital
(v) iAu h nitl
(PKR)
(PKR)
Nishat Hotels and Properties Limited
15,408,890,270
12,182,750,450
D. G. Khan Cement Company Limited
10,000,000,000
4,381,191,180
Nishat Mills Limited
11,000,000,000
3,515,998,480
Nishat Power Limited
5,000,000,000
3,540,885,000
Heab Once: zip Aziz Awexuet Coxo B« Gx erg Vt Loose Page 7 of 15
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Nishat Chunian Power Limited
3,850,000,000
3,673,469,390
Lalpir Power Limited
5,000,000,000
2,798,387,320
Pakgen Power Limited
4,000,000,000
3,720,815,910
Detail of companies, where the intended acquirer(s) hold more than thirty percent voting shares:
Name of Acquirer
Name of
Company
Registration AIo.
Nature (listed/ unlisted/ Private)
Nature of
business
Jurisdiction of incorporation
Description held control/more than thirty %
shares or both
Nishat Hotels and Properties
Limited
Nishat Hospitality (Private)
Limited
0076458
Private
Hotel Business
Lahore-Pakistan
1000/»
D. G. Khan Cement Company Limited
Nishat
Packaging Limited
0048043
Public
Unlisted
Packaging
Products
Lahore-Pakistan
55%
Nishat Dairy (Pvt) Limited
0077490
Private
Dairy Products
Lahore-Pakistan
55.10%
D. G. Khan Cement
Company (USA) LLC
33-2348178
Limited Liability Company
Cement
Texas-USA
100%
Nishat Mills Limited
Nishat Linen (Private)
Limited
0075247
Private
Textile
Manufacturing
Lahore-Pakistan
100%
Nishat Commodities (Pvt) Ltd.
0094426
Private
Commodities
Lahore-Pakistan
100%
Nishat Power Limited
0059637
Public Listed Company
Power Generation
Lahore-Pakistan
51.010/0
Nishat USA
Inc.
20-4921186
Corporation
Marketing services and sales of textile and related
products
USA
100%
Nishat Linen Trading LLC
100012787600001
Limited Liability Comp an
Retail outlets for sale of textile and related
products
UAE
100%
Nishat
International FZE
104435544200001
Limited
Liability Company
Sale of textile
and related products
UAE
100%
China
Guangzhou
4401 0408037954X
Limited Liability
Company
Trading
China
100%
Head O G9: IN, Aziz A exuet Cnxo Bo Gulberg Vt more Page8 of 15
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Nishat Global Co., Ltd.
Nishat UK
(Private) Ltd.
16020084
Private
Sales of textile and related products
UK
1 0 00/0
Wernerfelt A/S
28120192
Joint stoclc
company
Trading of textile products
Denmark
100%
Wernerfelt Sverige AB
556653-5729
Joint stock
company
Textile
Sweden
10000
D.G. Khan Cement Company
Limited
0006469
Public Interest Company
Cement manufacturing
Pakistan
31.40%
Nishat Sutas Dairy Limited
0136709
Unlisted Public Limited
Company
Dairy
Pakistan
49.07%
Pal‹gen Power Limited
35039
Public Interest Company
Power
Pakistan
30.250/«
Lalpir Power Limited
0032510
Public Interest Company
Power
Pakistan
39.270/»
Nishat Power
Limited
NexGen Auto (Private)
Limited
0265860
Private
Automobile
Lahore-Pakistan
33.33%
Nishat Chunian Power Ltd.
NexGen Auto
(Private)
Limited
0265860
Private
Automobile
Lahore-Pakistan
33.33%
lMrs. NaZ
Mansha
YAIt TRUST
Trust
Holding Asset under Trust
Mauritius
100.00%
Mr. Raza Mansha
Nishat (Raiwind) Hotels and Properties
Limited
0083433
Public
Unlisted
Hote I Business
Lahore-Pakistan
33.26%
Nishat (Aziz Avenue) Hotels and Properties
Limited
0083427
Public Unlisted
Hotel Business
Lahore-Pakistan
33.26%
Silver Chroma Finance
Limited
1 16300
Private
Investment
Company
Mauritius
45.750/0
Nishat Developers (Private)
Limited
0048146
Private
Real Estate Development
Lahore-Pakistan
33.33%
White Cers Finance INC
AU21103289
Private
Investment Company
i'dauritius
4 00.00%
Nishat Agriculture
0080108
Private
Agriculture Farming
La hore-Pakistan
33.330/
Vt L Pane 9 of 15
NISHA.T HOTELS AND PROPnRTOS LIMITEDR
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Farming (Pvt)
Ltd
Best Eagles
Holding inc
C28453
Private
Property Holding
Company
Mauritius
1 00.00%
Pakistan
Aviators and Aviation (Pvt)
Ltd.
0030641
Private
Aviation Services
Lahore-Pakistan
33.33%
Croft Limited
C37477
Private
Property Holding
Company
Mauritius
1 00.00%
Nishat
Agrotech (Private) Limited
0120259
Private
Agriculture
Farming
Lahore-Pakistan
50.00%
Mr. Ume
Mansha
Nishat
(Raiwind) Hotels and Properties Limited
0083433
Public
Unlisted
Hotel Business
Lahore-Pakistan
33.26%
Nishat (Aziz
Avenue) Hotels and Properties
Limited
0083427
Public
Unlisted
Hotel Business
Lahore-Pakistan
33.26%
Infinity Global
Finance Ltd
1736275
Private
Property Holding
Company
British Virgin
Island
1 00.00%
Nishat
Developers (Private) Limited
00481 46
Private
Real Estate
Development
Lahore-Pakistan
33.33%
Chianti
Classico Management Inc.
1721 866
Private
Investment
Company
British Virgin
Island
96.21 %
Nishat
Agriculture Farming (Pvt) Ltd
0080708
Private
Agriculture
Farming
Lahore-Pakistan
33.339a
Maple Leaf
Investment
Limited
1 4227
Private
Property Holding
Company
Guernsey
50.00%
Nishat
Agrotech (Private) Limited
01 20259
Private
Agriculture
Farming
Lahore-Pakistan
50.00%
Pakistan
Aviators and Aviation (Pvt)
Ltd.
0030641
Private
Aviation Services
Lahore-Pakistan
33.33%
Mr. Hassan
Mansha
Nishat
(Raiwind) Hotels and Properties
Limited
0083433
Public
Unlisted
Hotel Business
Lahore-Pa kistan
33.26%
Fourjay
Aviation Limited
GC 291337
Private
Aviation
Cayman Islands
J 00.000/0
Head Once: ill Aziz ArexHe Grinds B‹ixl; ‹sxfhrq v, LafO" Page10 of 15
H e 3 A Lnirrettce
NISHAT GRObP
Nishat (Aziz Avenue) Hotels and
Properties Limited
0083427
Public Unlisted
Hotel Business
Lahore-Pakistan
33.26%
Sea Capital
Ltd
07412395
Private
Hospitality
Services
Marshall Islands
38.00%
Nishat
Developers (Private) Limited
0048146
Private
Real Estate
Development
Lahore-Pakistan
33.33%
Dremworkz
International Ltd
1 726270
Private
Property Holding
Company
British Virgin
Island
100.00%
Nishat
Agriculture Farming (Pvt) Ltd
0080108
Private
Agriculture
Farming
Lahore-Pakistan
33.33%
Silver Chroma
Finance
Limited
1 16300
Private
Investment
Company
Mauritius
54.25%
Nishat Real
Estates Development Company (Pvt) Limited
0081920
Private
Agriculture
Farming
Lahore-Pakistan
50.00%
Willdfire
Investments
Ltd
1915155
Private
Property Holding
Company
British Virgin
Island
50.00%
Coestifield
Limited
083735
Private
_
Property Holding
Company
Mauritius
100.00%
Pakistan
Aviators and Aviation (Pvt) Ltd.
0030641
Private
Aviation Services
Lahore-Pakistan
33.33%
Lalpir
Power Limited
Nil
Nil
Nil
Nil
Nil
Nil
Pakgen
Power Limited
Nil
Nil
Nil
Nil
Nil
Information about ultimate beneficial owner of the intended acquirer(s):
(i)
Name CNIC Nationality Address
Mian Muhammad 35202-8696549-9 Pakistan 28-Main Gulberg, Lahore Mansha
Mrs. Naz Mansha
35202-2851133-6
Pakistan
28-Main Gulberg, Lahore
Mr. Raza Mansha
35202-2539500-5
Pal‹istan
43-Tufail Road, Lahore Cantt
Mr. Umer Mansha
35202-0842523-5
Pakistan
319-West Canal Bank, Lahore
Mr. Hassan Mansha
35202-1479111-5
Pakistan
28-Main Gulberg, Lahore
Mrs. Ammil Raza
Mansha
35202-2418047-0
Pakistan
43-Tufail Road, Lahore Cantt
H9‹zb Once: Ill Aziz Avexftet Gox/Zt B4 GTt erg Vt L ore Page11 of 15
R*i)isen# oJice:Nis(at xoie 5J-A, ux«ence R0& L‹$ei•, P‹lést^nRll: **'-**3-›3›
BISHAT GROUP
Mrs. lqraa Hassan 42000-0438842-4 Pakistan 28-Main Gulberg, Lahore
Mansha
(ii) D f u k st n h t t
mu o t c ntr ent vot n
Sr.
No.
Name of
Utimate Benefici at Owner
Name of
Company
Registration
No.
Nature
(isted /
Unlisted
/Private)
Nature of Business
Jurisdictio
n of
Incorpora tion
Description
held control/mor e than thirty
% shares or
both
1
Mian
Muhamm ad Mansha
Nil
Nil
Nil
Nil
Nil
Nil
2
Mrs. Naz
Mansha
YAK TRUST
Tru st
Holding Asset
under Trust
Mauritius
100.00%
3
Mr. Raza
Mansha
Nishat
(Raiwind)
0 083433
Public
Unlisted
Hotel
Business
Lahore-
Pakistan
33.26%
Hotels and
Properties
Limited
Nishat (AZiz
0083427
Public
Hotel
Lahore-
33.26%
Avenue)
Unlisted
Business
Pakistan
Hotels and
Properties
Limited
Silver
1 16300
Private
Investment
Mauritius
45.750/a
Chroma Finance
Company
Limited
Nishat
0048146
Private
Real Estate
Lahore-
33.33%
Developers
Development
Pakistan
(Private)
Limited
White Cers
AU21 103289
Private
Investment
Mauritius
1 00. 00%
Finance
INC
Company
Nishat
0080108
Private
Agriculture
Lahore-
33. 83%
Agriculture
Farming
Pakistan
Farming
(Pvt) Ltd
Best Eagles
Holding Inc
C28453
Private
Property
Holding
Mauritius
1 00.00%
Company
Pakistan
0030641
Private
Aviation
Lahore-
33.33%
Aviators
Services
Pakistan
and
Aviation
(Pvt) Ltd.
Croh
Limited
C37477
Private
Property
Holding
Mauritiu s
100.0000
Company
Hem Once: ill Aziz Areitxe Gaim Bar Giiberg V Laze Page 12 of 15
NISHAT 6ROUP
tg @ OJ N' tH0A8LntiTexce7e +9*-4*-y*5e4o%+9*-4*-3s9*ooo
Nishat
Agrotech (Private) Limited
0120259
Private
Agriculture
Farming
Lahore-
Pakistan
50.00%
4
.Mr. Umer
Nishat
0083433
Public
I-iotel
Lahore-
33.26%
Mansha
(Raiwind)
Unlisted
Business
Pakistan
Hotels and
Properties
Limited
Nishat (Aziz
0083427
Public
Hotel
Lahore-
33.26%
Avenue)
Unlisted
Business
Pakistan
Hotels and
Properties
Limited
Infinity
1736275
Private
Property
British
100.00%
Global
Holding
Virgin
Finance
Company
Island
Ltd
Nishat
Developers
0048146
Private
Real Estate
Development
Lahore-
Pakistan
33.33%
(Private)
Limited
Chianti
J721866
Private
Investment
British
96.21%
Classico
Company
Virgin
Manageme
Island
nt Inc.
Nishat
0080108
Private
Agriculture
Lahore-
33.33%
Agriculture
Farming
Pakistan
Farming
(Pvt) Ltd
Maple Leaf
14227
Private
Property
Guernsey
50.00%
Investment
Holding
Limited
Company
Nishat
Agrotech
0120259
Private
Agriculture
Farming
Lahore-
Pakistan
50.00%
(Private)
Limited
Pakistan
Aviators
0030641
Private
Aviation
Services
Lahore-
Pakistan
33.33%
and
Aviation
(Pvt) Ltd.
S
Mr.
Nishat
0083433
Public
Hotel
Lahore-
33.26%
Hassan
(Raiwind)
Unlisted
Business
Pakistan
Mansha
Hotels and
Properties
Limited
Fourjay
GC291 337
Private
Aviation
Cayman
100.00%
Aviation
Islands
Limited
Nishat (Aziz
0083d27
Public
Hotel
Lahore-
33.26%
Avenue)
Unlisted
Business
Pakistan
Hotels and
Properties
Limited
Sea Capital
07412395
Private
Hospitality
Marshall
38.00%
Ltd
Services
Islands
Herb Oleg: Int Aziz Avexuet Coxn Bn Gx erg Vy Page13 of 15
' te & OJ N' t Hoxso $3 A LnivHme Rom LyonTO+9 4*3J94 %+9 4*-Vi9* OO
Nishat Developers (Private)
Limited
0048146
Private
Real Estate
Development
' Lahore-
Pakistan
33.33%
Dremworkz
lnternation al Ltd
1736270
Private
Property
Holding
Company
British
Virgin
Island
100.00%
Nishat
Agriculture Farming (Pvt) Ltd
0080108
Private
Agriculture
Farming
Lahore-
Pakistan
33.33%
Silver
Chroma Finance Limited
116300
Private
Investment
Company
Mauritius
54.25%
Nishat Real
Estates Developme nt Company
Limited Willdfire Investment s Ltd
0081 920
Private
Agriculture
Farming
Lahore-
Pakistan
50.00%
1915155
Private
Property I-iolding
Company
British Virgin Island
50.00%
Coestifield Limited
083735
Private
Property Holding
Company
Ma uritiu s
100.00%
Pakistan Aviators and Aviation
(Pvt) Ltd.
0030641
Private
Aviation Services
Lahore-Pakistan
33.33%
6
Mrs.
lqraa Hassan Mansha
Emporium
Properties (Private)
Limited
0126842
Private
Real Estate
Developers
Lahore-
Pakistan
50.00%
50.0 0%
Jermyn Property Holding Ltd
2009038
Private
Property Holding Company
British Virgin Island
Nishat Real Estates Developme nt Company (Pvt) Limited
0081 920
Private
Agriculture Farming
Lahore-Pakistan
49.99%
7
Mrs.
Ammil Raza Mansha
Sea Capital
Ltd
07412395
Private
Hospitality
Services
Marshall
Islands
49.93%
Jermyn Property
Holding Ltd
2009038
Private
Property Holding
Company
British virgin
Island
50.00%
Hent Once: z6t Aziz Wexxst G«xo Bn Gx 'rg Vt L Page14 of 15
NIS8A7 GROUP
Details of any existing holding of voting rights in the target company:
which the acquirer owns or over wñ:ich it.has control or direction
None.
her l rdirx y any.persor a ting.in. concen wJth tlemf
acquirer"
S.No.
Name
Percentage of
Shareholding in Rafhan
1
MCB Bank Limited
1.00%
2
Adamjee Insurance Company Limited
0.76%
in respect of which the acquirer or any person actinpln concert with him has received
rd rr nts or th None.
(iJ
API conditions (including normal conditions relating to acceptance, listing and increase of capital) to which the public offer or the posting of it is subject:
The consummation of the acquisition shall be subject to, inter alia, completion of due diligence, finalization of acquisition terms, execution of appropriate agreement(s), and receipt of all regulatory and corporate approvals, where required. The minimum level of acceptance,
i.e. number and percentage shares, to which the offer is subject, if any, will be specified in the public offer.
The Acquirers are responsible for the accuracy, adequacy, and completeness of all information disclosed in this document.
/Vext Capital Limited is acting as the Manager to the Offer, and all queries and correspondence in relation to his announcement should be addressed to the Manager to the Offer at the address provided below:
Next Capital Limited
Investment Banking Team
2"° Floor Imperial Court Building, Dr. Ziauddin Ahmed Road, Karachi, Pakistan,
+92 21 111-639-825
r: ‹1 :'t‹ r.i:›i*‹.,1.I..r›‹ ,{eI
Best regards,
For and on 6ehal Ac uire
Khalid Mahmood Chohari "
Company Secretary
Nishat Hate/s and Properties Limited
He«8 Once: Int Aziz Avexxet Conn Bn Gu Berg Vt L ore Page15 of 15