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Tuesday, November 21st, 2017

The Karachi Stock Exchange Limited’s withdrawal of public announcement of intention to acquire 91% shares of American Life Insurance Company (Pakistan) Limited under regulation 17 of the listed companies (substantial acquisition of voting shares and takeovers) regulations, 2008

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Karachi, March 26, 2013 (PPI-OT): EFU Life Assurance Limited had issued a Public Announcement of Intention to Acquire 91% of voting shares or control of American Life Insurance Company (Pakistan) Limited in Business recorder and Daily Nawa-e-Waqt, of November 7, 2012. As Manger to the Offer, we had provided to each of you in advance a copy of the Public Announcement of Intention to Acquire, vide our letter dated November 2, 2012 (copy enclosed).

Since it has been reported in the press that American Life Insurance Company (ALICO) has already entered into a Share Purchase Agreement with IGI Insurance Limited, EFU Life Assurance Limited hereby withdraws its Public Announcement of Intention to Acquire, under Regulation 17 of the Listed Companies Substantial Acquisition of Voting Shares and Take-Overs) Regulations, 2008.

Notice of Withdrawal of Public Announcement of Intention to Acquire has also been sent for publication in Business recorder and Daily Nawa-e-Waqt i.e. the newspapers in which EFU life Assurance Limited had issued its Public Announcement of Intention to Acquire.

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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