Bank Alfalah Limited — M&A Activity 2025

LDN/CA/2025 4^th December 2025

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building Stock Exchange Road Karachi

Dear $\text{Sir}_2$

SUBJECT: DISCLOSURE OF MATERIAL INFORMATION

In accordance with the Section 96 of the Securities Act 2015 and Clause 5.6.1 of the Rule Book of the Pakistan Stock Exchange Company Limited, we hereby convey the following material information.

The Board of Directors of Bank Alfalah Limited has accorded its acceptance of the non-binding offer received from Ghazanfar Bank, Afghanistan ("Ghazanfar Bank") to acquire the Bank Alfalah Limited's Afghanistan operations/business, subject to completion of satisfactory due diligence by Ghazanfar Bank, execution of definitive agreements, compliance with all applicable laws and obtaining all necessary regulatory approvals.

We will now seek approvals from the State Bank of Pakistan and Da Afghanistan Bank for Ghazanfar Bank to commence due diligence on Bank Alfalah Limited's Afghanistan operations.

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

Yours truly,

Mian Ejaz Ahmad Company Secretary

Copy to:

Executive Director / HOD Offsite - II Department, Supervision Division Securities & Exchange Commission of Pakistan 63, NIC Building, Jinnah Avenue, Blue Area, Islamabad

BAFL Document