Engro Polymer and Chemicals : DISCLOSURE OF MATERIAL INFORMATION

Dated: April 19, 2022

The General Manager,

Pakistan Stock Exchange Ltd.,

Stock Exchange Building, Stock Exchange Road, Karachi.

Fax: [phone]

SUBJECT: MATERIAL INFORMATION

Dear Sirs,

In accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following information:

"We are pleased to announce that the Board of Engro Polymer & Chemicals Limited (EPCL) in its meeting dated April 18th, 2022 has approved a CAPEX of USD 4 million for conducting Basic Engineering followed by a Front End Engineering Design (FEED) study in relation to de-bottlenecking its VCM production facility to 300 KT per annum (the "Project").

The results of these studies, when completed, will lead to the final investment decision in relation to the Project."

You may please inform the members of the Exchange accordingly.

Yours faithfully,

Khawaja Haider Abbas Company Secretary

Cc:

Director / HOD

Surveillance, Supervision and Enforcement Department Securities and Exchange Commission of Pakistan

NIC Building, 63 Jinnah Avenue

Blue Area, Islamabad

DISCLOSURE FORM

IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015

Name & Address of Company:	Engro Polymer & Chemicals Limited 12th Floor, Ocean Tower, G-3, Block -9, Clifton, Karachi
Date of Report:	April 19, 2022
Contact Information:	Khawaja Haider Abbas Company Secretary Engro Polymer & Chemicals Limited 12th Fl/oor, Ocean Tower, G-3, Block -9, Clifton, KarachiTell Number: Fax Number: Email Address: 021-111-411-411 [e-mail]

Public disclosure of inside information, which directly concerns the listed securities:

In accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following information:

"We are pleased to announce that the Board of Engro Polymer & Chemicals Limited (EPCL) in its meeting dated April 18th, 2022 has approved a CAPEX of USD 4 million for conducting Basic Engineering followed by a Front End Engineering Design (FEED) study in relation to de-bottlenecking its VCM production facility to 300 KT per annum (the "Project").

The results of these studies, when completed, will lead to the final investment decision in relation to the Project."

Pursuant to the requirements of the Securities Act, 2015, the Company has duly caused this form/statement to be signed on its behalf by the undersigned hereunto duly authorized.

For and on behalf of

Engro Polymer & Chemicals Limited

Khawaja Haider Abbas

Company Secretary

Dated: April 19, 2022