Increase in Authorized Capital and Amendment in Prospectus of Modaraba

WASL I

M 0 BIu ITY

iV 0DARA 9A

(Formerly First Prudential Modaraba)

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building, Stock Exchange Road Karachi

Ref: WASL/PSX/2025

December 31, 2025

SUBJECT: Increase in Authorized Capital and Amendment in Prospectus of Modaraba

Dear Sir,

This is to inform you that the Authorized Capital of Wasl Mobility Modaraba (Formerly First Prudential Modaraba) has been increased from Rs 1,522,176,600/ divided 152,217,660 Modaraba Certificates to Rs 2,000,000,000/- divided 200,000,000 Modaraba Certificates vide approval of the Registrar Modaraba, Securities & Exchange Commission of Pakistan letter No :SC/M/RS/WASLMM/36/2025/235 dated 30" December, 2025. Copy of letter is enclosed.

Further, the Registrar Modaraba has allowed to incorporate amendments relating authorized Modaraba Fund in the prospectus of Modaraba.

You may please inform the TRE Certificate Holders of the Exchange accordingly.

Yours Sin

Syed Shahid Owais

Company Secretary

1. The Director/HOD, Offsite-II Department, Supervision Division,

   Securities & Exchange Commission of Pakistan, 63, NIC Building, Jinnah Avenue, Islamabad

2. The Director, Securities Market Division,

   Securities & Exchange Commission of Pakistan, 63, NIC Building, Jinnah Avenue, Islamabad

3. The Registrar Modaraba Companies & Modaraba,

Securities & Exchange Commission of Pakistan, 63, NIC Building, Jinnah Avenue, Islamabad

Managed by: WASL Modaraba Management Limited (Formerly Awwal Modaraba Management Ltd) Head Office: 818, 8th Floor, Hi-Q Tower, Jail Road, Lahore Telephone: (+92-42) 35135117

Karachi Office: Suit No. A&B 3rd Floor Plot No. 31-C, Khayaban-e-Shamsheer, DHA Phase V, Karachi.

Telephone: (+92-21) 35155610

SECURITIES & EXCHANGE COMMISSION OF PAKISTAN

Specialized Companies Division

Islamic EJzza•ce Department

No. SC/M/RS/WASLMM/36/2025 Jy 2 December 30, 2025

The ChiefExecutive Officor, WASL Mobility Modaraba, (formerly First Prudential Modaraba),

Managed by WASL Modamba Management Limited, (formerly Awwal Modaraba Management Limited), 818,P floor, Hi-Q Tower, Jail Road,

Lahore

SUBJECT: A i ati n o I ea u horized Ca tal and Amendments to the

Dear Sir,

This is with reference to your application dated December 15, 2025, seeking approval for an increase inthe authorized Modaraba fundand amendmentstothe prospectus ofWASLMobility Modaraba (formerly First Prudential Modaraba) (the "Modaraba").

1. In this regard, I am déected to inform you that, in tenns of Rule 20-A of the Modaraba Companies and Modaraba Rules, 1981, the Registrar has granted approval for an increase in the authorized Modaraba fund from Rs. 1,522,176,600/-, divided into 152,217,660 Modaraba Certificates ofRs. 10 each, toRs. 2,000,000,000/-, divided into 200,000,000 Modaraba Certificates ofRs. 10 each.

2. Further, onthe basis ofthe documents submitted, including the approval ofthe Modaraba's Board of Directors dated September 29, 2025, I am déected to inform you that the Registrar Modaraba has allowed the Modaraba to incorporate the amendments relating to the authorized Modaraba fund in the prospectus. The remaining contents of the prospectus shall remain unchanged.

3. WASL Modaraba Management Limited is required to submit an amended copy of the prospectus of the Modaraba for the record ofthis olTice.

Yours truly.

Muhaiitmad Umer

Assistant Director

5* floor, NIC Building, 63-Jinnah Avenue, Islamabad

DID +92-51-9195467 { (PABX): +92 ‹51) I 11-117-327 (467) Email: muliammcd.utrrer@seep.gov.pk