ICI Pakistan Limited’s public announcement of intention to acquire 75.81% shares or control

Karachi, June 18, 2012 (PPI-OT): We refer to your letter No. C/54-4727 dated June 11, 2012.

Consequent upon the demerger of the Paints Business of ICI Pakistan Limited (ICI) and its vesting into Akzo Nobel Pakistan Limited, the paid up share capital of ICI Pakistan Limited stands reduced to Rs. 923,590,500 divided into 92,359,050 ordinary shares of Rs. 10 each.

As you are aware the Record Date, being the date with reference to which the entitlements of the Qualifying Shareholders will be determined, has been fixed as June 27, 2012 (please refer to our letter to you of June 4, 2012).

In accordance with the scheme of arrangement for the demerger, the shareholders of ICI Pakistan Limited as of the Record Date will be entitled to 66.54 shares of ICI Pakistan Limited in the reduced capital of ICI Pakistan Limited for every 100 shares of ICI Pakistan Limited held by them prior to the reduction of capital.

On that basis, ICI Omicron B. V. will own 75.81% of the total issued share capital in the reduced capital of ICI Pakistan Limited.

I trust that the above explains the post demerger holding of ICI Omicron B.V. in ICI Pakistan Limited.

For more information, contact:
Ambreen Shah
Company Secretary
ICI Pakistan Limited
ICI House, 5 West Wharf,
P.O. Box.4731, Karachi 74000
T: + 92 21 111 100 200
T: + 92 21 3231 3717-22
F: + 92 21 3231 1739
Web: www.icipakistan.com

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