United Bank : APPOINTMENT OF MR. IRFAN A. SHEIKH, AS NON-EXECUTIVE DIRECTOR ON THE BOARD OF DIRECTORS OF UNITED BANK LIMITED

Secretary's Department

SD/PSX/Non-Executive Director/IAS/23

24 May 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building,

Stock Exchange Road,

Karachi.

Dear Sir,

APPOINTMENT OF MR. IRFAN A. SHEIKH, AS NON-EXECUTIVE

DIRECTOR ON THE BOARD OF DIRECTORS OF UNITED BANK LIMITED

Consequent upon the appointment Mr. Muhammad Jawaid Iqbal as President & CEO of United Bank Limited (UBL), Mr. Jawaid Iqbal has tendered his resignation as non-executive elected Director of UBL.

In order to fill the casual vacancy, the Board of Directors of UBL has approved the appointment of Mr. Irfan A. Sheikh, as Non-Executive Director on the Board of Directors of UBL, in place of Mr. Muhammad Jawaid Iqbal, subject to all regulatory clearances/ approvals, including his FPT clearance by State Bank of Pakistan.

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

Yours faithfully,

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

1. to:

1. London Stock Exchange, London UK.
2. The Commissioner, Enforcement & Monitoring Division, SECP, Islamabad.