ACQUISITION OF ASKARI BANK LIMITED – 2013

Askari Bank Limited

Fauji Foundation, Fauji Fertilizer Company Energy Limited and Fauji Fertilizer Bin Qasim Limited, has successfully acquired the Askari Bank Limited from Army Welfare Trust. The only pending requirement was the approval from State Bank of Pakistan, which was granted on the June 13, 2013. Bridge Factor provided buy-side Financial Advisory Services to the consortium and support for obtaining requisite regulatory approvals for the transaction.

Jointly the consortium will hold 71.9 % of paid up shares of Askari Bank Limited.