Material Information of Standard Chartered Leasing Limited

Karachi, Standard Chartered Leasing Limited informed Pakistan Stock Exchange that on March 15, 2016, respective members of Standard Chartered Leasing Limited and Orix Leasing Pakistan Limited (ORIX) approved the scheme of amalgamation for the merger of the company with and into ORIX (scheme) in accordance with section 282L of the companies ordinance, 1984.

The SECP has sanctioned the scheme by its order dated May 27, 2016 and according to such sanction order, the scheme shall be effective from May 27, 2016.

Standard Chartered Leasing Limited was established in 1993 and has maintained a market position by catering to the customers leasing and investment needs, through customized solutions which are cost effective and simple. The core business of the company is lease financing with a focus on corporate, small and medium enterprises. It also offers unique investment opportunities to individual and corporate / SME customers through Certificates of Investment, which provide flexible investment options. The company is a subsidiary of Standard Chartered Bank Pakistan Limited which holds 86.45% shares of the company. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The authorized capital of SCLL is Rs. 1 billion with paid up capital of Rs. 978 million. This amply meets the minimum capital requirement of the Securities and Exchange Commission of Pakistan.

The symbol “SCLL” is being used by the stock exchanges for the shares of Standard Chartered Leasing Limited.