PICIC Insurance Limited’s notice from shareholders

Karachi, October 23, 2012 (PPI-OT): We have today received a notice from some shareholders that certain reports for acquisition of the Company are circulating in the market. We are enclosing copy of the notice for your record and any action under Rule 5 (b) of Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2008.

We would like to confirm that no such information or notice from any acquirer or Seller, other than the letter under reference from these minority shareholders, has been received by the Company.

For more information, contact:
Muhammad Haneed
Company Secretary
PICIC Insurance Limited
Eighth Floor, Shaheen Complex
M.R. Kayani Road. Karachi 74200 Pakistan
Tel: (02l) 3221 9555-60
Facsimile: (021) 3221 9561