Karachi: TPL REIT Fund I has confirmed that a fire at Korangi Creek, which began on March 28, 2025, was naturally extinguished by the early hours of April 15, 2025. According to information available from the Pakistan Stock Exchange (PSX), as part of a precautionary measure, the fire was deliberately reignited later that afternoon to ensure no residual gas remained, which could pose a safety hazard.

The company's disclosure follows procedures outlined in Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of PSX Regulations. TPL REIT Fund I has assured stakeholders that all legal, safety, and operational standards were met prior to initiating test water boring activities, with required No-Objection Certificates (NOCs) secured from relevant regulatory bodies.

The fire's management was conducted under the guidance of a Technical Committee, and TPL REIT Fund I has expressed gratitude for the support from the Government of Pakistan, Karachi's Mayor, local authorities, the District Administration, Cantonment Board Korangi Creek, Pakistan Refinery Limited, and Pakistan Petroleum Limited.

TPL REIT Fund I emphasizes its commitment to maintaining high standards of governance, compliance, and responsibility. The company remains dedicated to providing transparent and timely information to stakeholders, partners, and the public.

The market category for this disclosure pertains to the Trading Right Entitlement Certificate Holders of PSX, who have been informed accordingly.