First Capital Mutual Fund Limited’s notice of book closure, suspension of trading at KSE and LSE and Conversion of the Fund into an Open-End- Scheme

Karachi, July 22, 2013 (PPI-OT): Notice is hereby given to the Shareholders of First Capital Mutual Fund Limited (CPMFI) (closed end fund) that:

1. The Members Register shall remain closed on 29 July 2013 for determining, the entitlement to the Initial Units of the Open end scheme (after conversion) in lieu of the Shares of the closed end fund upon its conversion into and Open-end scheme on the ‘Effective Date’;

2. The trading of the Shares of First Capital Mutual Fund Limited on Karachi and Lahore Stock Exchanges shall stand suspended from 24 July 2013;

3. 30 July 2013 shall be the “Effective Date” of conversion of the Fund from Closed-End Fund into an Open-Ended Scheme;

4. From the “Effective Date”, the Trust Deed, of the Open-end scheme shall become Effective;

5. From the Effective date of Conversion, the status of all existing Shareholders whose name appear in the Register at the close of Business on 26 July 2013 shall automatically stand changed to the Initial Unit Holders of the Open-end scheme;

6. The Shareholders whose names appear in the Members Register at the close of Business on 26 July 2013 shall also be treated in time for the purpose of pay out i.e. dividend or bonus (if any) for the year ended 30 June 2013:

7. From the Effective Date of Conversion, all existing shares issued by the First Capital Mutual Fund Limited and held by the Shareholders at close of business on 26 July 2013 shall automatically stand converted into initial units in the ratio of 1:1 so that every Shareholder shall be issued One (01) unit of the Par Value of Rs. 10/- each for every one (1) Share of Par Value of Rs. 10/- each that were held by him prior to conversion and physical shares, if any, issued to shareholders under the closed end fund shall stand cancelled upon issuance of such initial units. The initial units shall be subject to the back end load of 20% of the net asset value per initial unit for redemption within twelve months of the ‘Effective Date’ as per Shareholders Resolution and approved by SECP.

You may inform the members of Exchange accordingly.

For more information, contact:
Tariq Majeed
Company Secretary
First Capital Mutual Fund Limited
Head Office: 103-C/II,
Gulberg-III, Lahore-Pakistan
UAN: 92- 42-111-111-603
PABX: 92-42-5757591-94
Fax: 92-42-5757590, 5877920