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ARSHAD ENERGY LTD.

T2 +92-42-35711990

W:www.arshadgroup.com E: info6larshadgrouP.com A: 'l 6th Floor,Tricon Corporate Center

Main Jail Road, Gulberg ll, Lahore - 54660, Pakistan.

HafrzMaqsood Munshi Manager

Date: 04 April2022

Compliance & Securities RAD Karachi.

Proeress Report for Ouarter Ended March 31.2022

This is in reference to the subject matter.

In this regard, it is to inform that current furnace prices are not feasible for the plant operations, hence, the plants are still having no production during the quarter ended March 31,2022.

Members have approved Alternate/Revival business plan in EOGM held on February 24,2022. The management is pursuing the implementation of Altemate/Revival business plan,.

Regards,

Company Secretary

fl.qijaz

ENERGY:36 Km, Sheikhupura Road, Faisa[abad

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Arshad Energy Ltd. published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 08:53:08 UTC.