Secretary's Department

SD/PSX/EOGM-2023/23

01 June 2023

The General Manager                                                                     

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi

Dear Sir,

EXTRAORDINARY GENERAL MEETING (EOGM) OF THE

SHAREHOLDERS OF UBL TO INCREASE AUTHORIZED CAPITAL

The Board of Directors of United Bank Limited (UBL) has recommended as under:

1-   To increase Authorized Shares Capital of the Bank from Rs.20,000,000,000 (Rupees Twenty Billion Only) divided into 2,000,000,000 (Two Billion) ordinary shares of Rs.10/- (Rupees Ten Only) to Rs.81,000,000,000 (Rupees Eighty-One Billion Only) divided into 8,100,000,000 (Eight Billion One Hundred Million) ordinary shares of Rs.10/- (Rupees Ten Only) each.

2-   To amend relevant clauses of the Memorandum and Articles of Association of UBL.

3-   To hold an Extraordinary General Meeting of UBL on Thursday 22 June 2023 at 10:00 a.m. at Islamabad to approve the aforementioned businesses.

A disclosure form is attached herewith.

The Share Transfer Books of UBL will remain closed from 16 June 2023 to 22 June 2023 (both days inclusive).  Transfers received at the office of our Share Registrar, M/s. THK Associates (Pvt.) Limited, Plot No. 32-C, Jami Commercial Street-2 D.H.A. Phase-VII Karachi-75400 at the close of business on Thursday, 15 June 2023 will be treated in time in this regard.

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

Yours faithfully,

Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

C.C to:

1)   London Stock Exchange, London UK.

2)   The Commissioner, Enforcement & Monitoring Division, SECP, Islamabad.

ANNEXURE - A

DISCLOSURE FORM

IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015

 [ü] Disclosure of inside information by listed company in terms of section 15D.

Public disclosure of price sensitive / inside information, which directly concerns the listed securities:

The Board of Directors of United Bank Limited (UBL) has recommended:

1-         To increase Authorized Shares Capital of the Bank from Rs.20,000,000,000 (Rupees Twenty Billion Only) divided into 2,000,000,000 (Two Billion) ordinary shares of Rs.10/- (Rupees Ten Only) to Rs.81,000,000,000 (Rupees Eighty-One Billion Only) divided into 8,100,000,000 (Eight Billion One Hundred Million) ordinary shares of Rs.10/- (Rupees Ten Only) each.   

2-         To amend Clause V of Memorandum of Association and relevant clause of Articles of Association accordingly.

                                                                                                                                   Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel