Silkbank : Material Information

CS - 066/ PSX /2023

June 01, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi.

Material Information in terms of 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.

Dear Sirs,

We would like to inform you that MCB Bank Limited ("MCB") vide its letter dated May 31, 2023, expressed its interest to initiate the due diligence of Silkbank Limited ("Bank"), subject to SBP approval.

In this regard, the Board of Directors of the Bank ("Board"), has reviewed and considered the MCB request and granted its in-principle approval to the management of the Bank to seek regulatory approval from the State Bank and take the required steps for initiating the due diligence of the Bank.

You may please inform the TRE Certificate Holders of the Exchange accordingly.

Yours truly,

For and on behalf of

Silkbank Limited

_______________________

Faiz Ul Hasan Hashmi Company Secretary

Copy to:

1. The Executive Director, Public Offering & Regulated Persons Department, Securities Market Division, Securities & Exchange Commission of Pakistan, NIC Building, 63, Jinnah Avenue, Blue Area, Islamabad.
2. The Director, Banking Policy and Regulation Department (BPRD), State Bank of Pakistan, I.I. Chundrigar Road, Karachi.

Silkbank Limited

Central Office:

Ground Floor, No. 13, COM-3 Mall,

Block-6, KDA Scheme # 5

Clifton 75600, Karachi-Pakistan

PABX: 021-111-00-7455

Website: wwww.silkbank.com.pk

"Say No to Corruption"