PICIC Asset Management Company Limited’s conversion of PICIC Energy Fund into an open-end scheme in terms of regulation 65 of the NBFC and NE regulations, 2008

Karachi, June 03, 2013 (PPI-OT): This is with reference to our earlier letter dated May 6, 2013 regarding the approval of SECP on conversion of PICIC Energy Fund into an open-end scheme. We are pleased to inform the Securities and Exchange Commission of Pakistan has issued its approval for amended and restated (Second Supplemental) Trust Deed of PICIC Energy Fund for conversion of Fund from a close end scheme to an open-end scheme. Approval of the SECP is enclosed for reference.

Amended and restated (second supplemental) Trust Deed of PICIC Energy Fund shall be placed on the website of the company i.e. www.picicamc.com after it is registered with the sub-registrar.

You may please inform the members of the exchange.

Securities and Exchange Commission of Pakistan Specialized Companies Division Policy, Regulation and Development Department

Approval for Amended and Restated (Second Supplemental) Trust Deed of PICIC Energy Fund for Conversion of Fund from a Close End Scheme to an Open-End Scheme

Please refer to your e-email dated May 27, 2013 and letter dated May 27, 2013 wherein you have sought approval for the Amended and Restated (Second Supplemental) Trust Deed of PICIC Energy Fund (PEF).

In this regard, I am pleased to inform you that the Amended and Restated (Second Supplemental) Trust Deed of PEF, enclosed with your above referred letter has been approved by the Securities and Exchange Commission of Pakistan.

Furthermore, you are also requested to inform/notify the unit holders regarding the proposed amendments in the trust deed as per provisions of the constitutive documents of PEF.

For more information, contact:
Javed Akhter Malik
Deputy Director
PICIC Asset Management Company Limited
9th Floor Muhammadi House,
I. I. Chundrigar Road,
Karachi – 7400, Pakistan.
UAN: 1111 PICIC (74242)
Fax: 021-32418055-56
E-mail: customservice@picicamc.com
Web: www.picicamc.com