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Material Information of Telecard Limited

Karachi, Telecard Limited informed Pakistan Stock Exchange that it is now a Shariah Compliant Company based on the Shariah Compliance Screening conducted by Al-Hilal Shariah Advisors (Pvt.) Limited. As such the Company has successfully cleared 4 out of 5 shariah screening filters.

Telecard Limited is a company incorporated in Pakistan on October 29, 1992 as a public limited company. The company is licensed to provide fully integrated telecommunication services, including basic wireless telephony, long distance and international services and payphones. The shares of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Islamabad.

The subsidiary companies of the group are super net Limited, Telecard Asia (UK) Limited, Telecard E-Solutions Private Limited, Telegateway Limited, Nexus Communications Private Limited, Glitz Communication Private Limited and Globetech Communication Private Limited.

The symbol “TELE” is being used by the stock exchanges for the shares of Telecard Limited.