Summit Bank Limited’s sale of shares of Khushhali Bank Limited (KBL)

Karachi, June 07, 2012 (PPI-OT): We Summit Bank Limited (SMBL) (the Company), would like to inform you that we have entered into and executed a Share Purchase Agreement of the date 04-06-2012 (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 1,000,000 shares (0.60% shareholding) 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:
Summit Bank Limited
Arif Habib Center: Plot # 23, M.T. Khan Road,
Karachi, Pakistan
PABX: (021) 32436519
UAN: 111-124-725
Fax: (021) 32435736

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