CS-04-08 (PSX/LSE/SECP)

October 25, 2022

Subject:     RESOLUTIONS PASSED BY THE SHAREHOLDERS IN 25^th ANNUAL GENERAL MEETING HELD ON OCTOBER 25, 2022

Dear Sir,

As required under 5.6.9(b) of the rule book of Pakistan Stock Exchange, we are pleased to inform you that the following resolutions have been passed by the shareholders in the Annual General Meeting held on October 25, 2022 and the same have been adopted and become effective.

RESOLVED that minutes of Annual General Meeting of Oil & Gas Development Company Limited held on October 28, 2021 be and are hereby approved.

RESOLVED that the Directors' and Auditors' Reports and Company's accounts for the year ended June 30, 2022 be and are hereby approved and adopted.

RESOLVED that a final cash dividend of 25% of the par value of the shares i.e. Rs 2.5/- per ordinary share of Rs 10 each recommended by the Board of Directors (in addition to the three interim dividends already paid during the year) be and is hereby approved for the year ended June 30, 2022.

RESOLVED that appointment of M/s KPMG Taseer Hadi & Co., Chartered Accountants and M/s A.F. Ferguson, Chartered Accountants as the Statutory Auditors of the Company for the year 2022-23 at the fee as recommended by the Board, be and is hereby approved.

Yours sincerely,

                                                                                                                      (Ahmed Hayat Lak)

Company Secretary

Copy:

Executive Director/HOD,

Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,

63, NIC Building, Jinnah Avenue, Blue Area,

Islamabad.