Secretary's Department

             UBL/BOD-254/PSX/Results/25

             19 February 2025

    The General Manager                      

    Pakistan Stock Exchange Limited

   Stock Exchange Building,

   Stock Exchange Road,

   Karachi.

  Dear Sir,

FNANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024

  We have to inform you that the Board of Directors of the Bank in their 254^th meeting held on Wednesday, 19 February 2025 at       

  Islamabad at 10:00 a.m. inter-alia recommended the following:

(i)            Cash Dividend

A Final Cash Dividend for the year 31 December 2024 at Rs.11/- per share i.e.110%. This is addition to interim cash dividend already paid at Rs.33/- per share i.e.330%

(ii)           Bonus Shares

Nil

(iii)          Right Shares

Nil

(iv)         Any Other Entitlement / Corporate Action:

Nil

(v)          Any Other Price-Sensitive Information:

"With a view to strengthen the regulatory capital adequacy and support long term strategic plan of the United Bank Limited ("Bank"), the Board of Directors has accorded its approval for the Bank to issue privately placed and listed Additional Tier 1 instruments in accordance with the minimum terms and conditions as prescribed under the Basel III guidelines issued by the State Bank of Pakistan vide BPRD Circular No. 6 of 2013 dated August 15, 2013 of up to PKR 20 billion (inclusive of green shoe option) ("Proposed ADT 1 Issuance"), subject to obtaining of all applicable corporate and regulatory approvals and completion of necessary formalities."

Following Statements are attached as:

Annexure-A (Unconsolidated)

1.    Standalone Statements of Financial Position

2.    Standalone Statements of Profit and Loss

3.    Standalone Statement of Changes in Equity

4.    Standalone Statements of Cash Flows

       Annexure-B (Consolidated)

1.    Consolidated Statements of Financial Position

2.    Consolidated Statements of Profit and Loss

3.    Consolidated Statement of Changes in Equity

4.    Consolidated Statements of Cash Flows

The 66^th Annual General Meeting of the Bank will be held on Wednesday 09:30 a.m. 19 March 2025 at Islamabad.

The Share Transfer Books of the Bank will be closed from 13 March 2025 to 19 March 2025 (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 Wednesday, 12 March 2025 will be treated in time for the purpose of above entitlement to the transferees.     

Annual Report of the Bank will be transmitted through PUCARS at least 21 days before the date of Annual General Meeting.

Yours faithfully, 

          Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

C.C. to:

1)    London Stock Exchange.

2)    The Commissioner, Enforcement & Monitoring Division, Securities and Exchange

Commission of Pakistan, NIC Building, Jinnah Avenue, Islamabad.

                                                                                               ANNEXURE - C"

DISCLOSURE FORM

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

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

Disclosure of Inside Information by Listed Company in Terms of Section 96 & 131 of the Securities Act, 2015.

"With a view to strengthen the regulatory capital adequacy and support long term strategic plan of the United Bank Limited ("Bank"), the Board of Directors has accorded its approval for the Bank to issue privately placed and listed Additional Tier 1 instruments in accordance with the minimum terms and conditions as prescribed under the Basel III guidelines issued by the State Bank of Pakistan vide BPRD Circular No. 6 of 2013 dated August 15, 2013 of up to PKR 20 billion (inclusive of green shoe option) ("Proposed ADT 1 Issuance"), subject to obtaining of all applicable corporate and regulatory approvals and completion of necessary formalities."

           Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel