TRG PAKISTAN LTD.

24th FLOOR, SKY TOWER WEST WING DOLMEN, HC-3,BLOCK-4, MARINE DRIVE CLIFTON, KARACHI - 75600, PAKISTAN

UAN +92-21-111-874-874 FAX +92-21-35184042 WEB http://trgpcorp.com

January 9, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi

Subject: Filing of suit by The Resource Group International Limited against JS Bank

Limited, JS Global Capital Limited, DJM Securities Limited and others

Dear Sir,

We hereby convey the following information:

The Resource Group International Limited ("TRG International") has filed Suit no. 19 of 2023 before the Sindh High Court at Karachi against JS Bank Limited, JS Global Capital Limited, Bank AL Habib Limited, DJM Securities Limited, Muhammad Ziaullah Khan Chishti ("Zia Chishti"), Sarah Jennifer Pobereskin (Zia Chishti's wife) and others as TRG International believes that the lending arrangements entered into by Zia Chishti and Sarah Jennifer Pobereskin with JS Bank Limited, JS Global Capital Limited, Bank AL Habib Limited and DJM Securities Limited are in violation of the Stock Purchase Agreement binding on Zia Chishti that places restrictions on any transfer or encumbrance on shares of TRG Pakistan directly or indirectly owned by him.

The Honourable High Court of Sindh was pleased to pass an interim order on January 7, 2023 in the abovementioned proceedings, restraining JS Bank Limited (including its Bahrain Branch), JS Global Capital Limited, Bank AL Habib Limited and DJM Securities Limited from creating any third party interest in any manner whatsoever in relation to the Company's securities pledged by Zia Chishti and Sarah Jennifer Pobereskin wither them, till the next date of hearing.

A copy of the said order is enclosed herewith for ready reference.

Sincerely,

For and on behalf of

TRG Pakistan Limited

__________________

Rahat Lateef Company Secretary

Cc: The Director / HOD

Surveillance, Supervision and Enforcement Department

Securities and Exchange Commission of Pakistan

NIC Building, 63 Jinnah Avenue

Blue Area, Islamabad

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TRG Pakistan Ltd. published this content on 09 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 January 2023 05:37:04 UTC.