United Distributors Pakistan : Material Information

Annexure 'A"

Dated: April 28, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi

Dear Sirs,

Disclosure of Material Information

In accordance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of Rule Book of Pakistan Stock Exchange Limited ("PSX") we hereby convey the following:

At a meeting of the Board of Directors of M/S United Distributors Pakistan Limited (the "Company") held at 3:00 PM on Friday, April 28, 2023 at Plot#105, Korangi Industrial Area, Karachi has approved the divestment of equity shares of International Brands (Private) Limited (i.e. 11,079,852 shares constituting approximately 4.7%) held by the Company to Universal Ventures (Private) Limited. Further, the Board has authorized the Chief Executive Officer and Board Investment Committee Chairman of the Company to carry out the valuation, negotiation and finalizing the terms of the transaction along with preparation of necessary documents for the consideration of the Board.

You may please inform the members of the Exchange, accordingly.

Yours faithfully,

___________________

Muhammad Imran

Company Secretary

Cc:

Director / HOD

Surveillance, Supervision and Enforcement Department

Securities and Exchange Commission of Pakistan

NIC Building, 63 Jinnah Avenue

Blue Area, Islamabad

UNITED DISTRIBUTORS PAKISTAN LIMITED

Plot No. 105 Sector 7-A Mehran Town Korangi Industrial Area, Karachi.

Tel: [phone] ([phone] Email: [e-mail]