March 12, 2026

Executive Director Public Offering & Regulated Persons Department Securities Market Division Securities and Exchange Commission of Pakistan NIC Building, Jinnah Avenue Islamabad

The General Manager Pakistan Stock Exchange Limited Stock Exchange Building Karachi

The Chief Executive

Engro Polymer Chemicals Limited 8 th Floor, The Harbor Front Building, HC-3, Marine Drive, Block 4, Clifton, Karachi.

Subject: Publication of Public Announcement of Intention to acquire voting shares and control of Engro Polymer Chemicals Limited

Dear Sir(s),

This is with reference to the Public Announcement of Intention to acquire voting shares and control of Engro Polymer Chemicals Limited (the "Target Company") by Lotte Chemicals Pakistan Limited (the "Acquirer"). In this regard, we would like to inform you that the Public Announcement of Intention has been published in Business Recorder and Nawa-i-Waqt on March 12th, 2026, in accordance with Regulation 6(5) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017

Copy of the newspaper publications where Public Announcement of Intention has been published is enclosed herewith.

You may contact the undersigned for any additional information or clarification.

For and on behalf of Arif Habib Limited (Manager to the Offer)

Yours faithfully

__________________

Hamza Rehan AVP, Investment Banking

__________________

Farhan Rizvi MD, Investment Banking

PUBLIC ANNOUNCEMENT OF INTENTION TO ACQUIRE MORE THAN 56.19% SHARES AND CONTROL OF ENGRO POLYMER CHEMICALS LIMITED (THE "TARGET COMPANY") BY

LOTTE CHEMICAL PAKISTAN LIMITED (THE "ACQUIRER(s)") UNDER SECURITIES ACT, 2015

Admonishment: Please note that the public announcement of intention to acquire voting shares/control of Engro Polymer Chemicals Limited is subject to obtaining the requisite regulatory approvals. The public announcement of intention may be withdrawn, if the requisite approvals are not granted by the concerned regulatory authority(ies)

Part A

Brief description of the intended acquisition -

The Acquirer intends to acquire approximately 56.19% shareholding and control in the Target Company. Public Offer shall be made in accordance with Regulation 14 of the Listed Companies (Substantial
Acquisition of Voting Shares and Takeovers) Regulations, 2017 ("Regulations"), which, if applicable, shall
be pursuant to a c public announcement of offer by another interested acquirer

*Mitsubishi Corporation has entered into a Share Purchase Agreement (SPA) with M/s Liberty Daharki Power Limited, having the same ultimate beneficial owner & being a persons acting in concert, for the sale of an 8.8% stake in EPCL, subject to the fulfilment of conditions precedent, including requisite corporate and regulatory approvals. Accordingly, the public offer has been adjusted in line with the minimum public offer requirement
under the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Act. Part-B

1) Information about the acquirer

(a) Name(s) and address(es) of acquirer along with persons acting in concert, if any.

(c) Name(s) and address(s) of manager to the offer of the acquirer.

Name: Arif Habib Ltd.

Ali Cheema

Address: Arif Habib Centre, 23, M.T. Khan Road Karachi 74000

(d) Principal areas of business of the acquirer(s) and relevant experience

Lotte Chemical Pakistan Limited is engaged in the manufacture and sale of Purified Terephthalic Acid TA) and operates a state-of-the-art plant at Port Qasim, Karachi, with an annual production capacity of 500,000 tonnes. It is a key supplier to the domestic polyester and PET industries. The plant operates under a technology license from Invista Performance Technologies (IPT), with feedstock sourced from reputable international suppliers, and the Company contributes to downstream industrial development and foreign exchange savings for the country.

(e) In case the acquirer is a fund/company(s): $(i)$ Names of the chief executive and directors of the company(s):

$(g)$ Information about ultimate beneficial owner of the intended acquirer(s):

Dubai, UAE

* Mr. Muhammad Ali Cheema holds 100% shareholding in West Trade International FZE, which, in turn, holds 77% shareholding of PACHEM Global (Pvt) Limited

(h) details of any existing holding of voting rights in the target company;

• which the acquirer owns or over which it has control or direction; $(i)$ Nil
• which is owned or controlled or directed by any person acting in concert with the of acquirer; $(ii)$ Nil*

*Liberty Daharki Power Limited has entered into a Share Purchase Agreement (SPA) with Mitsubishi Corporation for the sale of an 8.8% stake in the target, subject to the fulfilment of conditions precedent, including requisite corporate and regulatory approvals.

• (iii) in respect of which the acquirer or any person acting in concert with him has received an irrevocable commitment to accept the takeover offer; and in respect of which the acquirer or any person acting in concert with him holds an option to purchase or warrants or other convertible securities. None
• all conditions (including normal conditions relating to acceptance, listing and increase of capital) to $(i)$ which the public offer or the posting of it is subject. None

Part-C

2) Information about the target company (a) Name of the target company, its directors and major shareholders along with number of shares and percentage of paid-up capital.

Iitsubishi Corporation (MC), having 11.007% shareholding in Engro Polymer & Chemicals Limited PCL), has entered into a Share Purchase Agreement with M/s. Liberty Daharki Power Limited and Mis. agreen Enterprises (Private) Limited after direct negotiation for selling MC's 100,053,562 shares in EPCL bject to completion of required conditions precedent in each SPA, including appropriate corporate and zulatory approvals.

(b) Total number of issued shares of the company.

• Total number of issued shares of the Target Company: 908,923,333 ordinary shares of PKR 10 each.
• Date of listing and offer price at the time of initial public offering $(c)$
• Date of listing: N/A

Offer price: $N/A$

(d) Opening price at securities exchange at time of listing

روزنامدنوائے دقت رادلپنڈی/اسلام آباد(4)12 مارچ2026ء

Lotte يميكل بإكسان لميثمر ("حصول كننده (كنندگان")) کی طرف سے تیکیورٹیزا یکٹ،2015کے تخت

| اینگروپولیمر کیمیکر لمپیٹر(" ٹارگٹ کمپنی")کے%56.19 سےزائد شیئرزاور کنٹرول حاصل کرنے کےارادے کااعلان عام