Nishat Mills Limited’s material information

Karachi, June 11, 2012 (PPI-OT): We have to inform you that the Board of Directors of Nishat Mills Limited (NML) (“the Company”) has decided to carry out due diligence process to assess the viability of acquisition of approximately 75.81% stake comprising of 70,019,459 ordinary shares of Rs. 10 each of ICI Pakistan Limited from ICI Omicron B.V., after completion of its demerger recently approved by the honorable Sindh High Court at Karachi.

In this respect, KASB Bank Limited has been appointed as financial advisor for the proposed transaction.

The proposed transaction will be subject to the approvals of shareholders and compliance with other necessary legal formalities including formalities under the Listed Companies (Substantial Acquisition of Voting Shares and Take-overs) Ordinance, 2002.

For more information, Contact:
Khalid Mahmood Chohan
Company Secretary
Nishat Mills Limited
7- Main Gulberg Lahore, Pakistan.
UAN: 111 33 22 00
Tel: 92-42-35716351-59
Fax: 92-42-35716350