American Life Insurance Company (Pakistan) Limited’s material information

Karachi, January 22, 2013 (PPI-OT): In accordance with Clause (xx) of the Listing Regulation No. 35 under Code of Corporate Governance, we, American Life Insurance Company (Pakistan) Limited (ALICO) (the Company’), are pleased to convey the following information: subsequent to IGI Insurance Limited’s (‘IGI’) public announcement of intention, dated September 25, 2012, to acquire majority shareholding in the Company from American Life Insurance Company USA (‘ALICO’), and following the completion of the due diligence in respect of the Company, IGI and ALICO intend to enter into a share purchase agreement in respect of the sale by ALICO of their entire shareholding in the Company (40,986,690 ordinary shares of PKR 10 each, approximately 81.97% of the total issued, subscribed and paid up capital of the Company).

For more information, contact:
American Life Insurance Company (Pakistan) Limited
Floor 13, Dolmen Executive Tower
Marine Drive Block 4, Clifton
Karachi 75600
Tel: (9221) 3536-0040
UAN: (9221) 111-111-711
Fax: (9221) 3579-0042

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