Pakistan International Airlines : FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2021

Draft

NOTICE OF SIXTH ANNUAL GENERAL MEETING

Notice is hereby given that Sixth Annual General Meeting of the Shareholders of Pakistan International Airlines Corporation Limited (PIACL) will be held at 10:00 A.M. on Saturday, May 28, 2022 at _______________, Karachi and through Video Conferencing to transact the following business:

• 1. To receive and adopt the Audited Accounts for the year ended December 31, 2021 together with the Auditors' and Directors' Reports

• 2. To appoint External Auditors for FY 2022 and fix their remuneration

• 3. Review and Approval of Directors Remuneration

• 4. To transact any other business with the permission of the Chair

Karachi May 06, 2022

By order of the Board

Dr Muhammad Altaf Tahir

Company Secretary

NOTES:

• 1. The Shareholders who have not yet submitted photocopy of their valid Computerized National Identity Card (CNIC) to Shares Registrar / Transfer Agent, are once again reminded to send the same at the earliest directly to CDC Share Registrar Services Limited (CDCSR), CDC House, 99-B, Block-B, S.M.C.H.S. Main Shahrah-e-Faisal, Karachi. The Corporate Entities are requested to provide their National Tax Number (NTN). Please mention Folio Number / CDC Account Number with the copy of CNIC / NTN details. Reference is also made to the SECP Notification which mandate that the dividend warrants should bear CNIC number of registered Shareholder or authorized person, except in case of minor(s) and Corporate Shareholders.

• 2. Share Transfer Books will be closed from Friday, May 20, 2022 to Saturday, May 28, 2022 (both days inclusive) when no transfer of shares will be accepted for registration. Transfers in good order, received at the office of PIACL's Share Registrar / Transfer Agent viz CDC Share Registrar Services Limited (CDCSR), CDC House, 99-B, Block-B, S.M.C.H.S. Main Shahrah-e-Faisal, Karachi up to 05:00 P.M. on Thursday, May 19, 2022, will be treated in time for the purpose of exercising the right to vote.

• 3. Shareholder may appoint another Shareholder as proxy to attend and vote in respect of him/her. Duly completed instrument of proxy must be lodged with the Company Secretary at the Registered Office, PIA Building, Jinnah International Airport, Karachi-75200, Pakistan, through courier or through email on the [e-mail] at least forty-eight (48) hours before the time of the meeting.

• 4. In pursuance of Section 242 of Companies Act, 2017, all Shareholders are notified that details of bank accounts for transmission of any dividend should be registered with our Share Registrar / Transfer Agent, CDC Share Registrar Services Limited (CDCSR). Subsequently, no dividend payment through other means, except electronic mode directly into bank account designated by the Shareholders, shall be made.

• 5. Any change of address of Shareholders should be immediately notified to the Share Registrar / Transfer Agent viz CDC Share Registrar Services Limited (CDCSR), CDC House, 99-B, Block-B, S.M.C.H.S. Main Shahrah-e-Faisal, Karachi.

  CDC Account Holders will further have to follow the under-mentioned guidelines as laid down by the SECP.

Page 1 of 2

Draft

Participation of Shareholders through Electronic means:

6. In wake of the prevalent COVID-19 pandemic situation and resultant restriction on public gathering imposed by Government and in light of the relevant guidelines issued by Securities & Exchanges Commission of Pakistan (SECP) vide Letter No SMDSE/2(20)2021 dated December 15, 2021 and Pakistan Stock Exchange Limited vide Notice No PSX/N-1477 dated December 15, 2021 respectively, the Shareholders are encouraged to participate in the General Meeting through electronic facility organized by PIACL.

7. In order to attend the AGM through electronic facility, the Shareholders are requested to get themselves registered with the Company Secretary at least 24 hours before the time of AGM [e-mail]

• 8. The shareholders are required to provide the information as per below format:

  Folio/CDC A/C No	Company	Name of Shareholder	CNIC	Cell No	Email address
  Pakistan International Airlines Corporation Limited

• 9. The details of the electronic facility will be sent to the Shareholders on the email address provided by them.

10. The login facility will be opened at 09:30 a.m. on May 28, 2022 enabling the participants to join the proceedings which will start at 10:00 A.M. sharp.

Conversion of Physical Shares into Book Entry Form

11. Section 72(2) of the Companies Act, 2017 provides that every existing company shall be required to replace its physical shares with book-entry form within four (04) years from the date of the promulgation of the Act. Further, vide its letter dated March 26, 2021, Securities and Exchange Commission of Pakistan (SECP) has directed Listed Companies to pursue their such Shareholders who are still holding shares in physical form to convert the same into book entry form. In order to ensure compliance with the aforementioned provisions, all shareholders having physical shareholding are encouraged to open a CDC sub-account with any of the brokers or an Investor Account directly with CDC to place their physical shares into scrip-less form. This will facilitate them in many ways, including safe custody and sale of shares, any time they want.

For attending the Meeting through Proxies:

• 12. In case of individual, the account holder or sub-account holder, their registration details are uploaded as per the Regulations, shall submit the proxy form accordingly.

• 13. The proxy form shall be witnessed by two persons whose names, addresses and CNIC numbers shall be mentioned on the form.

• 14. Attested copies of CNIC or the passport of the beneficial owners and the proxy shall be furnished with the proxy form.

• 15. The proxy shall produce his/her original CNIC or original passport at the time of the meeting.

16.

In case of corporate entity, the Board of Directors' Resolution/power of attorney with specimen signature of the person nominated to represent and vote on behalf of the corporate entity, be submitted along with proxy form to the Company.

shall

Page 2 of 2