The Karachi Stock Exchange (Guarantee) Limited’s De-Listing of Atlas Engineering Limited

Karachi: We refer our application dated October 27, 2011 for delisting of Atlas Engineering Limited on request of sponsors of the company and subsequent discussions held at the meeting of the Voluntary De-listing Committee of the Exchange today the 15th November 2011. We hereby convey the received offer of the sponsors for buy-back of shares of the company at Rs. 58/- per share.

Voluntary Delisting of your Company

Please refer to your letter dated November 15, 2011 on the subject.

In accordance with Listing Regulation No. 30-A (II), we are pleased to inform you that the Voluntary Delisting Committee of the Exchange has approved the revised offer of the sponsors to purchase the ordinary shares at a minimum buy-back price of Rs. 58/- per share, subject to purchase or at least 260,571 ordinary shares i.e. 25% out of the total 1,042,282 ordinary shares outstanding with the shareholders other than sponsors, to qualify for delisting.

We are also enclosing herewith the required documents / information with specimen thereof for necessary compliance.

You are requested to please convey us the acceptance of the sponsors under Listing Regulation No. 30-D (iv) and ensure compliance of the time bound requirements as laid-down under the relevant Listing Regulations.

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136