PPI Original Text (PPI-OT) – Thatta Cement Company Limited’s material information

Karachi, June 01, 2012 (PPI-OT): We wish to inform you that the Board of Directors in their meeting held today at 3:30 pm at Arif Habib Centre, 23 M. T. Khan Road, has approved an investment of seed capital for formation and registration of legal entity in Sri Lanka and obtaining necessary regulatory approvals and licenses, for the purpose of Cement Grinding, Storing and Packing Plant in Sri Lanka, subject to regulatory requirements in Pakistan and Sri Lanka.

We also wish to inform you that the Board of Directors has decided to renounce the Right offer of 1.3 million shares of Rs.100/- each in Thatta Power Limited (TPPL), totaling Rs. 130 million.

The above information is being disclosed, under Listing Regulation no. 16 (1) and Clause (xx) of Code of Corporate Governance being Listing Regulation No. 15 of the Stock Exchange and is in connection with our letter dated May 24, 2012.

For more information, Contact:
Muhammad Taha Hamdain
CFO and Company Secretary
Thatta Cement Company Limited
Arif Habib Centre, 23,
M. T. Khan Road, Karachi- 74000
Tel: 92-21 32423295
Fax: 92-21 32400989
Website: www.thattacement.com

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