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Wednesday, November 22nd, 2017

The Karachi Stock Exchange (Guarantee) Limited’s purchase of shares of Philips Electrical Industries of Pakistan Limited by Koninklijke Philips Electronics N.V

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Karachi: We have published subject notice in three widely circulated news papers namely Dawn, Jang and Business Recorder on Sunday, August 14, 2011. As required attached please find newspapers cutting of Dawn and Jang for your record.

Philips Electrical Industries of Pakistan Limited

Purchase of shares of Philips Electrical Industries of Pakistan Limited by Koninklijke Philips Electronics N.V

This is further to the initial offer dated February 19, 2001 made by Koninklijke Philips Electronics N.V (the “Sponsors”), the majority shareholder of Philips Electrical Industries of Pakistan Limited (the “Company”) to purchase the outstanding ordinary shares of Rs. 10/- each of the Company held by other shareholders of the Company as a matter of de-listing of the shares of the Company at an offer price of Rs. 75/- per share as approved by the Karachi Stock Exchange (Guarantee) Limited and the Islamabad Stock Exchange (Guarantee) Limited (together referred to as “the Stock Exchanges”).

The initial buy-back period of purchase of shares of the Company by the Sponsors ended on May 07, 2001. However, in accordance with Regulation 32-C(ix) of the Listing Regulations of the Stock Exchanges, the Sponsors were required to purchase all outstanding securities from those shareholders who could not avail this offer earlier. Subsequent to the initial offer dated February 19, 2001 which ended on May 07, 2001, the Company was delisted.

We would like to inform you that the Sponsors are still willing to buy-back all the outstanding shares at the price of Rs. 75/- as initially approved by the Karachi Stock Exchange (Guarantee) Limited. If you wish to sell your shares, please deliver the valid physical certificates along with duly verified transfer deeds at the following address by September 14, 2011.

Please note that after end of this purchase period on September 14, 2011, the Sponsors will not be obligated to purchase the remaining shares at price of Rs. 75/- each.

For more information, contact:
Kamran Mirza
Company Secretary
Philips Electrical Industries of Pakistan Limited
Legal and Corporate Affairs
Tel. (PABX): 32560071-75, 32568660-62
UAN: 111-786-777

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