af$B Arif Habib Corp

9thJuly 2025

Executive Director / HOD

Offsite-11 Department, Supervision Division Securities & Exchange Commission of Pakistan 63, NIC Building, Iinnah Avenue, Blue Area Islamabad

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi

Subject: Pre-Oualification in the Privatisation Process of Pakistan International

Airlines Corporation Limited (PIACL)

Dear Sir

Arif Habib Corporation Limited (AHC L) is an investment holding company, primarily focusing on strategic investments in subsidiary companies and associates across various sectors. Evaluating potential investment opportunities is an integral part of our business activities.

We are pleased to inform you that AHC L, as the Lead Member of a consortium, submitted an Expression of Interest (EOI) and Statement of Qualification (SOQ) to the Privatisation Commission of Pakistan (PC) for participation in the privatisation process of Pakistan International Airlines Corporation Limited (PIACL).

As per Press Release No. 11/2025 issued by the Privatisation Commission and published on its official website, the consortium led by AHCL, comprising Arif Habib Corporation Limited, Fatima Fertilizer Company Limited, City Schools (Private) Limited, and Lake City Holdings (Prlvate) Limited, has been pre-qualified to participate in the bidding process. In total, four parties (including three other companies/consortia) have been declared pre-qualified.

The pre-qualified parties will now proceed to the buy-side due diligence phase, a hey step in the competitive and transparent privatisation process of PIAC L. The consortium's continued participation in the process will be contingent upon the outcome of the due diligence exercise and subsequent guidance from our Board of Directors.

Subject to confidentiality obligations and considerations of national interest, A HCL remains committed to timely disclosure of all material and price-sensitive information to the Commission and the Exchange, in compliance with applicable laws and regulations.



Arif Habib Corporation Limited

Registered & Corporate Office: Arif Habib Centre, 23, M.T. Khan Road, Karachi - 74000 Phone: +92 21 32460717-9 | Fax: +92 21 32468117, 32429653

Email: info@arifhabibcorp.com | Web: https://www.arifhabibcorp.com

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Arif Habib Corporation Ltd. published this content on July 09, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 09, 2025 at 09:14 UTC.