PPI Original Text (PPI-OT) – Standard Chartered Bank (Pakistan) Limited’s sale of shares of Khushhali Bank Limited (KBL)

Karachi, June 05, 2012 (PPI-OT): Further to our letter dated February 24, 2012, we, Standard Chartered Bank (Pakistan) Limited (SCBPL) (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 Bank Limited consortium comprising of United Bank Limited; ASN-NOVIB Microkreditfunds; responsibility Global Microfinance Fund, Rural Impulse Fund II S.A. SICAV-FIS; and Shore Cap II Limited (UBL Consortium). In terms of the Agreement, the Company has sold its entire shareholding (i.e. 8,000,000 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:
Standard Chartered Bank (Pakistan) Limited
P. O. Box No. 5566.
I.I. Chundrigar Road,
Karachi 74000. Pakistan
Tel: (021) 245 0000
UAN: (021) 111 002 002
Web: www.standardchartered.com

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