ICI Pakistan Limited’s transfer of rs. 2 Billion to AKZO Nobel Pakistan Limited

Karachi, July 13, 2012 (PPI-OT): Kindly refer to our letter dated July 3, 2012 in connection to the above captioned subject, this is to inform you that today ICI Pakistan Limited (ICI) has transferred Rs. 2 billion to Akzo Nobel Pakistan Limited as part settlement of a sum of around Rs. 3.6 billion that is payable by the Company to Akzo Nobel Pakistan Limited. The rest of the amount shall be paid in due course after the finalization and Audit of completion accounts.

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 3231 062
T: + 92 21 3231 0622
F: + 92 21 3231 0617
Web: www.icipakistan.com