The Karachi Stock Exchange (Guarantee) Limited’s Issuance of Right Share @ 25% at Pak Rs. 15

Karachi: With reference to our application for issuance of right shares enclosing the required documents for issue of right shares, we hereby further confirm as under:

We shall abide by the CDC and KSE procedures relating to right shares and shall deposit the unpaid right in De Mal (Book Entry) within time frame us stipulated under the CDC procedures vide CDC letter no. FL/MAY-2011/OPS/025 dated May 16, 2011 as well as the KSE regulations vide letter no. KSE/C-1122-6915 dated October 13, 2010.

The payment of unpaid right letter will be made by cash or crossed cheque or demand draft or pay order made out to the Credit of “Thatta Cement Company Limited – Right Share Subscription Account” through any of the authorized branches of Summit Bank Limited in Pakistan as pet tentative schedule submitted to you vide our above referred letter.

The shareholders holding shares of the Company in physical form should please note that under the CDC applicable right shares procedures, the physical shareholder can renounce his letter of Right (LOR) by routing through his Own CDC IAS Account/Sub Account to a shareholder who is the IAS account holder of sub account holder with CDC and no credit of right shares will be allowed in book entry form against subscription of physical Letter of Right LORs.

Issue of 19,943,625 ordinary share of Rs. 10 each to be issued at Rs. 15 (including premium of Rs. 5) per share

Tentative dates of issuance of physical LoR, Credit of unpaid rights into CDS book entry from, commencement of trading of unpaid rights, last date of payment, credit of right shares into CDS, physical delivery of shares and other important dates for approval of Karachi Stock Exchange

Book Closure: from May 28, 2011 to June 3, 2011 (both days inclusive)

S.NoActivityDay and Date
   
   
1.Date of Credit of unpaid Right into CDC in Book Entry FormSaturday, June 04, 2011
2.Dispatch of Right intimation letter to CDC accountholdersMonday, June 06, 2011
3.Dispatch of Letter of Right (LOR) to physical shareholdersMonday, June 06, 2011
4.Intimation to Stock Exchange (s) for dispatch of physical Letter of RightsMonday, June 06, 2011
5.Commencement of trading of unpaid Rights on the Karachi Stock Exchange (Guarantee) LimitedTuesday, June 07, 2011
6.Last date for splitting and deposit of Requests into CDSMonday, June 13, 2011
7.Last date of trading of Rights LetterTuesday, June 21, 2011
8.Last date of subscription (acceptance and payment) of Letter of Rights in physical/ CDC formMonday, June 27, 2011
9.Allotment of Shares and credit of book entry of Shares into CDCWednesday, July 13, 2011
10.Date of dispatch of physical share certificatesWednesday, July 27, 2011

For more information, contact:

Ashiq Hussain

CFO and Company Secretary

Karachi Stock Exchange

Tel: +9221 111-001122

Fax: +9221 3241 0825, +9221 3241 5136

Email: info@kse.com.pk

Web: www.kse.com.pk