June 10, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building,

Karachi - 74000, Pakistan

Dear Sir,

Material Information - Merger Negotiations Between

Apna Microfinance Bank Ltd and

FINCA Microfinance Bank Ltd

In accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1 of the Rule Book issued by the Pakistan Stock Exchange Limited.

We would like to inform you that the proposed merger negotiations between FINCA Microfinance Bank Limited and Apna Microfinance Bank Ltd have been stopped. This decision comes after both parties completed the reciprocal due diligence process.

Further, the APNA is exploring other opportunities to secure the interest of its stakeholders, depositors, borrowers, regulator, partners, and the staff.

Regards

For and on behalf of

Apna Microfinance Bank Limited

Rafat Abbas

Company Secretary

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Apna Microfinance Bank Ltd. published this content on 12 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 June 2023 04:35:09 UTC.