Material Information of AGP Limited

Karachi, AGP Limited informed Pakistan Stock Exchange that after securing requisite approvals, the Company, along with its parent company Aitken Stuart Pakistan Private Limited, through a special purpose vehicle – the company, has successfully acquired a portfolio of 22 pharmaceutical brands from Sandoz AG, a company organized under the laws of Switzerland, which are commercialized in Pakistan under the Sandoz brand.

AGP Limited (AGP) began its commercial operations in 1989 as an independent pharmaceutical manufacturing company in Karachi, Pakistan. It has steadily grown through manufacturing and marketing products under licensing arrangements with many companies of international repute and also through manufacturing and marketing its own brands. Today, it is one of the largest pharmaceutical companies in Pakistan, providing a broad range of pharmaceutical products. The determination to upgrade the pharmaceutical resources of Pakistan and improvement of the quality of life of a common man was the key motivating factors in the inception of AGP.

The operations of AGP include manufacturing, marketing and sales of pharmaceuticals and healthcare products in the domestic and export market. The delivery of AGP’s products, across the country, is managed by one of the largest and state of art pharmaceutical distribution set ups in Pakistan.