Material Information of Engro Corporation Limited

Karachi, Engro Corporation Limited informed Pakistan Stock Exchange that total equity of PKR 21.5 billion in their telecommunications infrastructure vertical. This investment is being made in our wholly-owned subsidiary Engro Connect (Private) Limited, which will serve as a platform for our telecommunications vertical initiatives.

These funds will primarily be utilized to fuel expansion in the Build-to-Suite (BTS) tower business of Enfrashare (Private) Limited, including but not limited to provision of efficient energy solutions, installation of state-of-the-art network monitoring solutions and exploration of other investment avenues within the connectivity value chain.

Engro Corporation Limited was incorporated in Pakistan as a Public Listed Company. It is a subsidiary of Dawood Hercules Corporation Limited which is the parent Company. The principal activity of the Company is to manage investments in subsidiary companies, associated companies and joint venture, engaged in fertilizers, PVC resin manufacturing and marketing, food, energy, development and operations of telecommunication infrastructure, LNG, Chemical terminal and storage businesses.

The Shares of the Company are 576,163,230. The Earnings pee shares of the company is 28.29 in 2020 which was 24.83 in 2019. The Company had a Profit of Rs. 16,301,478,000 in 2020 which was 14,303,318,000 in 2019.