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Worldcall Telecom Limited’s restructuring of TFC-m (07-10-09)

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Karachi, January 07, 2013 (PPI-OT): This is to inform you that Worldcall Telecom Limited TF’C-III (07-10-08) PKR 4,000 Million TFC issue Supplemental Trust Deed duly executed between Worldcall Telecom Limited (WTL) (Issuer and LOT Investment Bank Limited (Trustee to the issue on behalf of the TEC holders) and legal opinion for Restructuring. IGI Bank Limited as Trustee had received restructuring approvals of 53.6% of the TFC holders of the issue required for execution of restructuring.

Based on the details of the outstanding participations of the investors of the TEC issue provided, it appears that (1) Askari Bank Limited; (ii) URL Fund Managers; (iii) KASB Bank Limited; (iv) the MCBFSL Trustee NAFA Income Fund; (v) the CDC)) Trustee NAFA income fund; (vi) Habib Metropolitan Bank Limited; (vii) Askari High Yield Scheme; (viii) United Growth Sc Income Fund; and (ix) Pak Oman Investment Company Limited Collectively comprise of 53.61% in value of the holders / investors of the TFC issue. (Restructuring Annexure-I herewith enclosed for your ready reference.)

This is for your information and record.

For more information, contact:
Rizwan Abdul Hayi
Company Secretary
Worldcall Telecom Limited
67 A, C- III, Gulberg-III, Lahore.
Tel: (92 42) 5872633-38
Fax: (92 42) 5755231


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