Dawood Hercules Corporation Limited’s acquisition of Shares of the Hub Power Company Limited (Hubco)

Karachi: We, Dawood Hercules Corporation Limited (DAWH) (the Company), would like to inform you that the Company and DH Fertilizers Limited (which is a wholly owned subsidiary of the Company) have executed a Share Purchase Agreement for proposed acquisition of ordinary shares of Hubco from the National Power International Holdings BV at a price of PKR 31/- per share as follows:

(a) 35.48 million ordinary shares of Hubco by the Company; and
(b) 102.26 million ordinary shares of Hubco by DH Fertilizers Limited

It may be noted that consummation of above acquisition of shares of Hubco by the Company and DH Fertilizers Limited is conditional upon certain regulatory consents and approvals.

For more information, contact:
Shahid Pracha
Chief Executive Officer
Dawood Hercules Corporation Limited
11th Floor, Dawood Centre, M.T. Khan Road,
Karachi, 75530, Pakistan
Tel: (+92-21) 35686001
Fax: (+92-21) 35693416
Website: www.dawoodhercules.com
E-mail: info@dawoodhercules.com

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