Mughal Iron & Steel Industries : Issuance of Sukuk Certificates

MISIL/Sukuk-II/2023

December 29, 2023

The General Manager

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange Road,

Karachi.

By PUCAR & Courier

DISCLOSURE OF MATERIAL INFORMATION

Dear Sir,

We wish to inform you that Mughal Iron & Steel Industries Limited (the Company) has raised and received PKR 2,500,000,000/- (Pak Rupees Two Billion Five Hundred Million) inclusive of a green shoe of up to PKR 1,000,000,000/- (Pak Rupees One Billion) (the "Sukuk Issue") in its designated bank account by successfully issuing Rated, Privately Placed, Secured, Sukuk (Islamic Bonds) to Qualified Institutional Buyers (QIBs) for a period of 15 Months for meeting the working capital requirements of the Company, the instrument carries profit at the rate of 3MK+1.45%-.

You may please inform the TRE Certificate Holders of the Exchange accordingly.

Yours Sincerely,

For MUGHAL IRON & STEEL INDUSTRIES LIMITED

MUHAMMAD FAHAD HAFEEZ

(Company Secretary)

1. The Director / HOD
   (Surveillance, Supervision and Enforcement Department), Securities & Exchange Commission of Pakistan, Islamabad.
   The Director (Enforcement Department), Securities & Exchange Commission of Pakistan, Islamabad.