Askari Bank : Notice - Election of Directors

ASKARI BANK LIMITED

ELECTION OF DIRECTORS

In pursuance of Section 159(4) of the Companies Act, 2017, the shareholders of Askari Bank Limited ("the bank") are hereby notified that in pursuance of Section 159(3) of the Companies Act, 2017, the following persons have filed with the Company, notices of their intention to offer themselves for election as a Director of the bank at its Annual General Meeting scheduled to be held on March 29, 2023 at 11:00 a.m. at Topi Rakh Complex (Galaxy Hall), Army Heritage Foundation, Ayub National Park, Jhelum Road, Rawalpindi:

1. Mr. Waqar Ahmed Malik	6. Mr. Manzoor Ahmed, NIT Nominee
2.	Mr. Sarfaraz Ahmed Rehman	7.	Mr. Kamran Yousaf Mirza
3.	Mr. Arif Ur Rehman	8.	Ms. Zoya Mohsin Nathani
4.	Dr. Nadeem Inayat	9.	Ms. Samina Rizwan
5.	Syed Bakhtiyar Kazmi	10.	Raja Muhammad Abbas

Since the number of persons who have offered themselves for election is not more than the number fixed by the Board in terms of Section 159(1) of the Companies Act, 2017, therefore, the above named persons shall be deemed to be elected as Directors of "Askari Bank Limited" at the forthcoming Annual General Meeting subject to the clearance of the State Bank of Pakistan.

Further, Mr. Atif Riaz Bokhari, President & CEO of the Bank shall continue to be a deemed director in terms of Article 131 of the Articles of Association of the Bank read with Section 188 (3) of the Companies Act, 2017.

Rawalpindi March 22, 2023

By Order of the Board

Syed Ali Safdar Naqvi

Company Secretary

ASKARI BANK LIMITED

PROCEDURE FOR ELECTRONIC VOTING FACILITY AND

VOTING THROUGH POSTAL BALLOT ON SPECIAL BUSINESS

The members of Askari Bank Limited "the Bank" are hereby notified that pursuant to Companies (Postal Ballot) Regulations, 2018 amended through Notification dated December 05, 2022, issued by the Securities and Exchange Commission of Pakistan ("SECP"), wherein, SECP has directed all the listed companies to provide the right to vote through electronic voting facility and voting by post to the members on all businesses classified as special business.

Accordingly, members of Askari Bank Limited will be allowed to exercise their right to vote through electronic voting facility and voting by post for the special business in its Annual General Meeting to be held on March 29, 2023 at 11:00 a.m., in accordance with the requirements and subject to the conditions contained in the aforesaid Regulations.

For the convenience of the Members, ballot paper is annexed to this notice and the same is also available on the Bank's website at www.askaribank.com.pk for download.

Procedure for E - Voting:

1. Details of the e-voting facility will be shared through an email by the Registrar with those members of the Bank who have their valid CNIC numbers, cell numbers, and e-mail addresses available in the register of members of the Bank by the close of business of March 21, 2023.
2. The web address, login details, will be communicated to members via email by the Registrar. The security codes will be communicated by the Registrar to members through SMS from web portal of CDC Share Registrar Services Limited (being the e-voting service provider).
3. Identity of the Members intending to cast vote through e-Voting shall be authenticated through electronic signature or authentication for login.
4. Members shall cast vote online at any time from March 24, 2023, 09:00 a.m. to March 28, 2023. Voting shall close on March 28 2023, at 5:00 p.m. Once the vote on a resolution is cast by a Member, he / she shall not be allowed to change it subsequently.

Procedure for Voting Through Postal Ballot:

1. The members shall ensure that duly filled and signed ballot paper along with copy of Computerized National Identity Card (CNIC) should reach the Company Secretary through post at 4th Floor, Plot No. 18, NPT Building, F-8 Markaz, Islamabad or email at [e-mail] one day before the Annual General Meeting on March 28, 2023, during working hours. The signature on the ballot paper should match with the signature on CNIC.

ASKARI BANK LIMITED

Ballot paper for voting through post for the Special Business at the Annual General Meeting to be held on Wednesday March 29, 2023 at 11:00

a.m. at Topi Rakh Complex (Galaxy Hall), Army Heritage Foundation, Ayub National Park, Jhelum Road, Rawalpindi:

Website: www.askaribank.com.pk

Folio / CDS Account Number

Name of Shareholder / Proxy Holder

Registered Address

Number of shares Held

CNIC/Passport No. (in case of foreigner) (copy to be attached)

Additional information and enclosures (in case of representative of body corporate, corporation, and federal Government)

Name of Authorized Signatory

CNIC/Passport No. (in case of foreigner) of Authorized Signatory (copy to be attached)

Resolution ForAgenda Item

To consider and if thought fit, approve as recommended by the Board of Directors, issuance of Bonus Shares for the year ended December 31, 2022 in proportion of 15 ordinary shares for every 100 shares held i.e. 15% to the shareholders of the Bank.

Instructions For Poll

1. Please indicate your vote by ticking (√) the relevant box.
2. In case if both the boxes are marked as (√), you poll shall be treated as "Rejected".

I/we hereby exercise my/our vote in respect of the above resolution through ballot by conveying my/our assent or dissent to the resolution by placing tick (√) mark in the appropriate box below;

Resolution	I/We assent to the	I/We dissent to the
	Resolution (FOR)	Resolution (AGAINST)

Agenda Item: as stated above.

NOTES:

1. Dully filled ballot paper should be sent to the Company Secretary, Askari Bank Limited at 4th Floor, Plot No. 18, NPT Building, F-8 Markaz, Islamabad or email at [e-mail]
2. Copy of CNIC/ Passport (in case of foreigner) should be enclosed with the postal ballot form.
3. Ballot paper should reach the Company Secretary within business hours by or before Tuesday March 28, 2023. Any postal ballot received after this date, will not be considered for voting.
4. Signature on ballot paper should match with signature on CNIC/ Passport. (in case of foreigner).
5. Incomplete, unsigned, incorrect, defaced, torn, mutilated, over written poll paper will be rejected.
6. In case of a representative of a body corporate, corporation or Federal Government, the Ballot Paper Form must be accompanied by a copy of the CNIC of an authorized person, an attested copy of Board Resolution, / Power of Attorney, / Authorization Letter etc., in accordance with Section(s) 138 or 139 of the Companies Act, 2017 as applicable. In the case of foreign body corporate etc., all documents must be attested by the Counsel General of Pakistan having jurisdiction over the member. Ballot Paper form has also been placed on the website of the Bank at: www.askaribank.com.pk
7. Ballot Paper form has also been placed on the website of the Bank at:www.askaribank.com.pk Members may download the ballot paper from the website or use an original/photocopy published in newspapers.

Date:

Shareholder / Proxy holder Signature/Authorized Signatory

(In case of corporate entity, please affix company stamp)