PICIC Asset Management Company Limited’s PICIC Energy Fund (a Closed-End Scheme) compliance with regulation 65 of the NBFC regulations, 2008

Karachi, July 12, 2012 (PPI-OT): Pursuant to the Securities and Exchange Commission of Pakistan’s (“SECP”) Directive dated January 25, 2012, we had informed you that a meeting of the certificate holders of PICIC Energy Fund (“PEF”) is expected to be convened within the stipulated time allowed by NBFC Regulation 65, to decide as to whether to convert PEF into an open-end scheme, or to revoke PEF, as required by NBFC Regulation 65.

In compliance with the second requirement of the SECPs Directive, the Directors of PICIC Asset Management Company Limited (“PICICAMC”) have now tentatively fixed the date of Thursday, December 13, 2012 for holding the general meeting of the certificate holders of PEF for the purpose of implementation of NBFC Regulation 65.

The above information has also been placed at PICIC AMC’s website www.picicamc.com and will also be disclosed in the ensuing published accounts of PEF.

For more information, Contact:
Imad Zahid Nagi
CFO and Company Secretary
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