Certain Ordinary Shares of Trust Islami Life Insurance Ltd. are subject to a Lock-Up Agreement Ending on 11-MAY-2024. These Ordinary Shares will be under lockup for 389 days starting from 18-APR-2023 to 11-MAY-2024.

Details:
Ordinary shares of the issuer shall be subject to lock-in, from the date of issuance of prospectus or commercial operation, whichever comes later, in the following manner: (1) All shares held, at the time of according consent to the public offer, by sponsors, directors and shareholders holding ten percent (10%) or more shares, other than alternative investment funds, for03(three) years. (2) In case any existing sponsor or director of the issuer transfers any share to any person, other than existing shareholders, all shares held by those transferee shareholders, at the time of according consent to the public offer, for 03 (three) years. (3) If the shares are distributed through the fresh allotment before 4 (four) years or moreshall be subject to lock-in for 1 (one) year. (4) All shares held by alternative investment funds, at the time of according consent to the public offer, for 01 (one) year. (5) All shares held, at the time of according consent to the public offer, by any person other than the persons mentioned in sub-rules (1), (2) and (3) above, for 01 (one) year.