ICB Corporate Disclosure — 2 December 2013

In response to a DSE query dated December 01, 2013 regarding clarification of newspaper reporting relating to "ICB mulling ICB Islamic Bank takeover" published in "The Financial Express" dated 30.11.2013, the Corporation has informed that it has neither taken any final decision nor signed any MOU with the seller. In principle, it has decided to buy the majority shares (52.76%) of ICB Islamic Bank subject to fulfillment of various conditions. After necessary due diligence through an independent auditor and if it is considered as satisfactory and favorable to all buyers (ICB & its various portfolio, ICB's subsidiary companies and other strategic partners), then the final decision will be taken, otherwise not.