Standard Chartered Bank (Pakistan) Limited’s public announcement of intention to acquire 75.81% shares or control of ICI Pakistan Ltd

Karachi, June 11, 2012 (PPI-OT): This is to inform you that Lucky Cement Limited intends to carry out a due diligence process to evaluate and assess the viability of a potential acquisition of 75.81% of the issued and paid up share capital of ICI Pakistan Limited as one of the short-listed potential acquirers invited to such process. In this respect, kindly find enclosed a copy of the public announcement of intention to purchase voting shares prepared in accordance with the Regulation 6 (4) of the Listed Companies (Substantial Acquisitions of Voting Shares and Takeovers) Regulations 2008.

Public Announcement of Intention to Acquire 75.81% Shares or Control of ICI Pakistan Limited

By Lucky Cement Limited under Listed Companies (Substantial Acquisitions of Voting Shares and Take-Overs) Ordinance, 2002

(1) Information about the Acquirer

Name and Address at acquirer along with persons acting in concert, if any.

For more information, Contact:
Lucky Cement Limited
6-A, Mohammed Ali Housing Society
and Aziz Hashim Tabba Street
Karachi -75350, Pakistan

(b) Name and Address of Financial Advisor of the acquirer, if any.

Standard Chartered Bank (Pakistan) Limited
P.O. Box No. 5556, I.I. Chundrigar Road
Karachi- 74000, Pakistan
Tel: (021) 3245000
Fax: (021) 32414914

(c) In case the acquirer is a Company:

(i) Name of the Chief Executive and directors of the Company:

Chief Executive Officer of Lucky Cement Limited

Mr. Muhammad Ali Tabba

Directors

ML Muhammad Yunus Tabba

Mr. Muhammad Yunus Tabba

Mr. Muhammad Sohail Tabba

Mr. Imran Yunus Tabba

Mr. Jawed Yunus Tabba

Mrs. Rahila Aleem

Mrs. Mariam Tabba Than

Mr. Ali J. Siddiqui

Mr. Manzoor Ahmed

(ii)  Names of the major shareholders of the Company:

The Yunus Brothers Group (represented by various individuals and group companies).

(2) Information about the Target Company

(a) Name of the Target Company, its directors and major shareholders.

ICI Pakistan Limited

Directors

Mr. M.J. Jaffer

Mr. Waqar A. Malik

Mr. Mueen Afzal

Mr. Ali A. Agha

Mr. Bart Kaster

Mr. Feroz Rizvi

Mr. M- Nawaz Tiwana

Mr. Derek W. Welch

Major Shareholder (s)

Name of Shareholder Number of Shares Held Percentage
ICI Omicron B.V. 70,019,459 of PKR 10.00 each 75.21%

(b) Total number of issued shares of the Target Company.

92,359,050

Number of Shares already Held by the Acquirer, If any,

Nil

(4) Number of Shares along with the Percentage Intended to be Acquired by the Acquirer Through Public Offer or Agreement

The acquirer intends to acquire 70,019,459 ordinary shares of PKR 10.00 each of the Target Company constituting 75.81% of the total issued and paid to share capital of the Target Company from ICI Omicron B.V.

Imran Sarwar

Managing Director – Origination and Client Coverage

Standard Chartered Bank (Pakistan) Limited

(Manager to the offer)

Muhammad Abid Ganatra

Director Finance and Company Secretary

Lucky Cement Limited

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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