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Sigma Leasing Corporation Limited’s Public Announcement of Intention by Controlling Stake in Sigma Leasing Corporation Limited

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Karachi, June 21, 2012 (PPI-OT): We, on behalf of KASB Finance (Private) Limited, wish to correct the following information that appeared erroneously in the captioned notice dated 19 June 2012.

Name of Major Shareholders in Sigma Leasing Corporation Limited (SIGL)
Erroneous List as Previously Notified
1. Mr. Ghulam Ali Rashid
2. Mr. Asif Ali Rashid
3. Mr. Arif Ali Rashid
4. Mr. Feroze Ali Rashid
5. Mr. Ashraf Ali Rashid

Correct List

1. Aamir Ali Rashid
2. Ali Zain Rashid
3. Nisar Ali Rashid
4. Rubina Arif Ali
5. Fariza Feroze Ali
6. Shahzad Ali Rashid
7. Asif Ali Rashid
8. Saeed Ali Rashid
9. Mohammad Raza Rashid
10. Zulfikar Ali Rashid

In view of the above, the Revised Public Announcement of Intention to Acquire the captioned shareholding of Sigma Leasing Corporation Limited Under Regulation 6(4) of the Listed Companies (Substantial Acquisition of Voting Shareholders and Takeovers) Regulation 2008 is enclosed herewith.

Regulation 6 (4)]
Public Announcement of Intention to Acquire Approximately 99.99% of Sigma Leasing Corporation Limited by KASB Finance (Private) Limited under Listed Companies (Substantial Acquisitions of Voting Shares and Take-Overs) Ordinance, 2002

1) Information about the Acquirer

a. Name (s) and address (s) of Acquirer along with persons acting in concert

i. Name :KASB Finance (Private) Limited
ii. Registered Office :90-91 Razia Sharif Plaza, Blue Area, Islamabad

b. Name (s) and address (s) of Financial Advisor of the Acquirer, if any
None

c. Names of the chief executive and directors of the Acquirer.

i. Chief Executive Mr. Nasir Ali Shah Bukhari
ii. Director Mr. Nasir Ali Shah Bukhari
Mr. Muneer Kamal
Mr. Muzaffar Ali Shah Bukhari,
Mr. Mahmood Ali Shah Bukhari

d. Name of major shareholders of the Acquirer

Mr. Nasir Ali Shah Bukhari
Mr. Muneer Kamal
Mr. Muzaffar Ali Shah Bukhari,
Mr. Mahmood Ali Shah Bukhari

2) Information about the Target Company

a. Name of the Target Company, its directors and major shareholders

i. Name : Sigma Leasing Corporation Limited
ii. Director : Mr. Asif Ali Rashid
Mr. Muhammad Nasim Khan
Mr. Shahzad Ali Rashid
Mr. Aamir Ali Rashid
Mr. Iskander Sultan Khawaja
Mr. Ruhail Mohammad
Mr. S. Arshad A. Kazmi
Mr. Shujat Ali Baig
Arshadullah Khan
Shoaib Jawed Savul

iii. Major Shareholders: Aamir Ali Rashid, Ali Zain Rashid, Nisar Ali Rashid, Rubiha Arif Ali, Farida Feroze Ali, Shahzad Ali Rashid, Asif Ali Rashid, Saeed Ali, Rashid, Mohammad Raza, Zulfikar Ali Rashid, (aggregate 27,609,130 shares or 0.92% shareholding)

b. Total number of issued shares
30,000,000/- shares

3) Number of Shares Already held by the Acquirer
Nil

4) Number of Shares along with the Percentage Intended to be Acquired by the Acquirer through Public Offer or Agreement.

The Acquirer has signed a Memorandum of Understanding with the sponsor shareholders of the Target Company to acquire majority equity stake in the Target Company, subject to execution of a share Purchase Agreement, necessary regulatory approvals and completion of other regulatory formalities.

The Acquirer intends to acquire 29,996,406 shares (e. 99.99%) of the Target Company through agreement if the Acquirer proceeds to acquire these shares, the Acquirer will make a public announcement of offer to acquire shares in accordance with the requirements of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance, 2002.

For more information, Contact:
Sigma Leasing Corporation Limited
Sigma, House 8-C, Block-6, P.E.C.H.S
Off Shahrah-e-Faisal, Karachi-75400 (Pakistan)
Tel #: 34557233-4, 34544850-1
Fax #: 34544439
Website: www.sigma-leasing.com
E-mail: info@sigma-leasing.com

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