Systems : SYS | Systems Limited

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wcA.F.FERGUSON&CO.

October 19, 2022

to64

The Company Secretary

Systems Limited

Iahore

Dear Sir

AUDITORS CERTIFICATE FOR INDUCTION OF LISTED SIIARJS IN TIIE CENTRAL

DEPOSITORY SYSTEM (CDS) AS REQIIIRED IJNDER TIIE 'PROCEDUREFOR INPUT OF PND.UP CAPITAL / TOTAL ISSUE IN CDS (LISTED AND I'NLISTED)'

We have been requested to provide you with a certificate for induction of listed shares in the CDS, as requircd uDder the'Procedurefor lnput of Paid-up Capital / Total Issue in CDS (Listed and Unlisted)' contained in the 'CentralDepository S)stem (CDS) Standard Opemting Procedures'issued by the Central Depository Company of Pakistan Limited (CDC).

Scope of Certificate

Und€r the'Procedurcfor Input of Paid-up Capital / Total Issue in CDS (Listed and Unlisted)',upon the eligibility ofthe securities in the CDS, the Issuer is required to provide the statutory auditor'scertificate to the CDC regarding its issued capital and receipt consideratiotr against the right issue and tle fulfillment of requirements in respect of the allohnent of securiti€s in the name of CDC. This c€rtificate does not cover tulfillment of any other conditions imposed by the regulatory body.

Management'sR€sponsibility

It is management's responsibility to fulfill all the requirements applicable oll the lssuer included in the 'Procedurefor Input ofPaid-up Capital / Total Issue in CDs (Listed and Unlisted)'contained in the'Central Depository system (CDs) Standard Opemtin8 Procedures'.It is also the responsibility of the management to provide all the details and infomation to the statutory auditors for the purposes of this certifimt€. This cetificate does not relieve the management of its rcsponsibilities.

Aualitor'sResponsibilities

our responsibility isto confum that (i) theconsideration has beeB received;and (ii) the lssuerhas complied with the requircments of the "Procedure for Input of Paid-up Capital / Total Issue in CDS (Usted and Unlisted)". Our certiEcate is issued in accordance witi the Cuideiines/or Issue of Certificates Jor Speciol Puryoses by Practicing Aarteted Accountants Frrrns'issued by th€ lnstitut€ of Chartered Accountants of Pakistan. our verification was limited to the procedures mentioned below:

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obtained the share transf€r deed to confirm the transfer ofshares as consideration in the nam€ of the Company agaiNt the further issue of shares;

ensured that all requirements with regards to allotment of secudties in the name of CDC have been tuIfilled by the Issuer; and

A. F. FERGUSON & CO'Chaftercil Accountants, a member lrln of the P]!,C netuork 23-C, Aziz Awn e, Canol Bonk, Gulbers-V P.O.Box 39, Lahore-s466o,Pakiston

Tel: +92 (42) 3SV 5868-V / 3Sr7 SZ4Z-SoFar:: +92 (42) 3s77 sTst uuw.pwc.com/pk

TKARACHI .LAHORE T ISLAIIABAD

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wcA.F.FERGUSON&CO.

Certificate

Based oD procedures mentioned above, we certi8/ that (i) the consideration against issue of u,822,5oo sharcs having face value of Rs. ro each has been &ceived by the Issuer; (ii) all rcquirements witl regards to allotment of secffities in name of CDC have been fulfilled by rhe Issuer; and (iii) following the allotment of aforementioned shares, the revised issued, subscribed and paid-up capital of the Company aggregates

to Rs 2,9o2,52,ooo.

Restriction on u-se and dislributioa

This certificate is issued by us in the capacity of statutory auditors of the Issuer, upotr request of the management, for otrward submission to the CDC as per the rcquiremetts of the "Procedure for Input of Paid-up Capital / Total Issue in CDS (Listed and Unlisted)" contained in the 'C€ntralDepository System (CDS) Standard Operating Procedures'and is not to be used or distributed for any other purpose. This cerlificale is reslricted to $e facts stated herein.

Yours truly

cT(c

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wcA.F.FERGUSON&Co.

October 14, 2oz2

ro19

The Chieif Exe-cutiveOffrcer

Systems Limited

Lahore

Dear Sir

COMPANIES (GENERAL PROVIIUONS AND FORMS) REGI IIITION'2018 AT'DITORII'CERTIFICATE VERIPNNG R.ECEIPT OF OONSIDERATION MONEI

we have examined the record of M/S S)6tems Limited, and it is, hereby, reported that a total amount of Rs 4,22,7oo has been received on account of consideration mon€y against allotment

of 7o,ooo shares each of Rs 10 by the company and shares have been issued to each allottee

Yours tn y

--tr5'^'L

A- F. FERGUION & CO., Chartered Ac:countants, a memberlrm of the PuC netwo* 23{, Aziz Aven@, Ca aI Bo7]f, C lberg-V, P.O.Box 39, Iahore-5,466o,Pakistan

'Iel:+92 (42) SSV SA68-V / 3SZ7 SZ4Z-So Fo,c [phone] szs4 tltuu.p&c.cam/pk

II(ARACHI TIAHORE . ISLAiIABAD