UVAVES

April 20, 2022

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road, Karachi

SSINGER

EVOLVING

WAVES SINGER PAKISTAN LIMITED

Final Progress Report of Right Issue-Waves Singer Pakistan Limited ("the Company")

Dear Sir,

LIVES

In continuation of our earlier progress reports submitted in respect of utilization of proceeds of rights ssue amounting to PKR 1,407 million. We are pleased to inform that the proceeds received from the rights issue have been fully utilized as under:

Budgeted

Actual

Utilization

Particulars of Utilization

Land

Building Working capital

PKR Mn 500 500 407

PKR Mn

481 96%

519* 104%

407 100%

Total 1,407 1,407 100%

The increase is mainly on account of increase in costs of steel and cement due to inflation

We trust that the above submission will suffice your compliance requirements.

Yours truly,

For Waves Singer Pakistan Limited

GERPAKIS

%

Wasif Ali Rana

Company Secretary

031

Copy to:

Surveillance Supervision Enforcement (SMD) Securities and Exchange Commission of Pakistan Islamabad

Lahore Head Office: 9-Km Multan Road, Lahore-54790, Pakistan. Ph: 042-35415421-5, 042-35421502-4

WavespakistanUAN: +92(42)111-31-32-33 1www.wavessinger.com /Singerpak

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Waves Singer Pakistan Ltd. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 08:14:09 UTC.