Progress Report of Right Issues of First Capital Equities Limited

Karachi, First Capital Equities Limited informed Pakistan Stock Exchange that the company has offered a full settlement proposal for settlement of outstanding amounts however the same is not yet finalized.

First Capital Equities Limited (the “Company”) was incorporated in Pakistan on January 26, 1995 as a private limited company, under the Companies Ordinance, 1984. The Company was converted into a public limited company on June 18, 1997 and is listed on Lahore Stock Exchange (Guarantee) Limited. The Company is a subsidiary of First Capital Securities Limited.

The symbol “FCEL” is being used by the stock exchange for the shares of First Capital Equities Limited.