PPI Original Text (PPI-OT) – MCB Bank Limited’s sale of shares of Khurshid Bank Limited (KBL)

Karachi, June 04, 2012 (PPI-OT): We, MCB Bank Limited (MCB) (the Company), would like to inform you that we have entered into and executed a Share Purchase Agreement of the date hereof (the Agreement) with United Sank Limited consortium comprises of United Bank Limited; ASN-NOVIB Microkredietfonds; responsAbility Global Microfinance Fund; Rural Impulse Fund II S.A. SICAV-FIS; and ShoreCap II Limited (UBL Consortium). In terms of the Agreement, the Company has sold 17.6% shares owned by it in KBL in line with UBL Consortium’s bid of Rs. 20.44 (approximately) per share and in accordance with Regulatory approvals.

For more information, Contact:
Abdus Sami
Company Secretary
MCB Bank Limited
MCB Building, (F-6/G-6) Jinnah Avenue,
Islamabad, Pakistan.
PABX: +92-51 -2278005-7
Fax: +92-51-2277760

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