Regional Operations Centre

The Avanceon Building

19 km Main Multan Road Lahore 54660 Pakistan

14 May 2024

AVN/PSX/B/14052024

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange Road,

Karachi.

Subject:Credit/Dispatch of Bonus Share Certificates.

Dear Sir,

We are pleased to inform you that the share certificates in respect of Bonus Shares i.e. 10% for the period ended 31 December 2023, announced on 29 April 2024 have been dispatched to the shareholders through courier service/credited to their respective accounts in the Central Depository System (CDS) of Central Depository Company of Pakistan Limited (CDC) on 13 May 2024.

Kindly note that the above credit/dispatch of bonus shares is restricted to 90% of the bonus shares, the remainder 10% of the bonus shares shall be credited/dispatched after the collection of income tax as required under section 236Z of Income Tax Ordinance, 2001.

Yours Sincerely,

Ahsan Khalil I Company Secretary

www.avanceon.ae| Enquiries: support@avanceon.ae

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Avanceon Ltd. published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 08:41:09 UTC.