TRG Pakistan : Requisition by Mr. Muhammad Ziaullah Khan Chishti for Calling an Extraordinary General Meeting of TRG Pakistan Limited Stay Order Issued by the High Court of Sindh

TRG PAKISTAN LTD.

24th FLOOR, SKY TOWER WEST WING	UAN #:	[phone]
DOLMEN, HC-3,BLOCK-4, MARINE DRIVE	FAX NO.	[phone]
CLIFTON, KARACHI - 75600, PAKISTAN	WEBSITE	http://trgpcorp.com

October 3, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi

Subject: Requisition by Mr. Muhammad Ziaullah Khan Chishti for Calling an Extraordinary General Meeting of TRG Pakistan Limited - Stay Order Issued by the High Court of Sindh

Dear Sir,

We hereby convey the following information:

This is with respect to newspaper advertisements published by Mr. Muhammad Ziaullah Khan Chishti ("Zia Chishti") attempting to requisition an extraordinary general meeting of TRG Pakistan Limited (the "Company"), with the agenda involving the removal of 9 out of 10 directors of the Company, as well seeking amendments to the Articles of Association of the Company.

The Company and others have filed Suit no. 1603 of 2023 before the Sindh High Court at Karachi, challenging the false, unsubstantiated, and defamatory allegations published by Zia Chishti, and asserting that his actions are part of his continued and mala fide efforts to unlawfully take over control of the Company. The Honourable High Court of Sindh was pleased to pass an interim order dated September 28, 2023 in the said proceedings, ordering that the impugned requisition notice shall not be acted upon. A copy of such order is enclosed herewith for ready reference.

It is reminded that Zia Chishti resigned as the CEO of the Company (and all associated positions) following disclosure by an ex-employee in a United States Congressional testimony of an arbitration award against him for sexual harassment and assault1. The Company believes that any association with Zia Chishti would be highly damaging to the value of the Company's underlying assets, and is engaged in multiple lawsuits involving unlawful attempts by Zia Chishti to regain control of the Company.

Sincerely,

For and on behalf of

TRG Pakistan Limited

__________________

Zeeshan Ul Haq 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

1 The arbitration award continues to be available at U.S. Congressional website: https://docs.house.gov/meetings/JU/JU00/20221208/115220/HHRG-117-JU00-20221208-SD999.pdf