Material Information of The Hub Power Company Limited

Karachi, The Hub Power Company Limited informed Pakistan Stock Exchange that the to their intimation to the Stock Exchange dated October 18, 2016 the Private Power Infrastructure Board has now called for a meeting to discuss the extension in the Financial closing and the signing of the Implementation agreement for 2x660MW (1,320MW) imported coal based Power Plant at Hub. HUBCO was incorporated in Pakistan in 1991as a limited liability company. The company owns oil-fired power station with installed net capacity of 1,200 MW in Baluchistan and 214 MW Punjab. The Hub Power Company is listed on the Karachi, Lahore and Islamabad Stock Exchanges. The Global depository receipts are also listed on the Luxemburg Stock Exchange. The production capacity of the power stations varies. The business partners of HUBCO are Water and Power Development Authority, Pakistan State Oil, National Transmission and Despatch Company Limited, BAKRI Trading Company Pakistan, Government of Pakistan, Government of Baluchistan and International Power. The symbol “HUBC” is being used by the stock exchanges for the shares of the Hub Power Company Private Limited.