BOARD MEETING AND CLOSE PERIOD

OIL & GAS DEVELOPMENT COMPANY LIMITED

(BOARD SECRETARIAT)

No.CS04-08/ (PSX/LSE/SECP)                                                                   October 21, 2020

Subject:                 BOARD MEETING AND CLOSE PERIOD

Dear Sir,

This is to inform you that a meeting of the Board of Directors of the Company will be held on October 28, 2020 at 1330 hours at Islamabad to consider the quarterly accounts for the period ended September 30, 2020 and for declaration of entitlement, if any.

2.       The Company has declared the "Closed Period" from October 21, 2020 to October 28, 2020 (both days inclusive) as required under PSX Regulations.  Accordingly, no Director, CEO or Executive shall, directly / indirectly, deal in the shares of the Company in any manner during the closed period.

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

Yours sincerely,

(Ahmed Hayat Lak)

Company Secretary

Copy to:

Director/HoD,

Surveillance, Supervision and Enforcement,

Securities & Exchange Commission of Pakistan,

NIC Building, 63 Jinnah Avenue, Blue Area,

Islamabad.