8/11/2019 (337142058) Corporate Governence

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Qavi & Co,(Chartered Accountants)

REVIEW REPORT TO THE MEMBERS

ON STATEMENT OF COMPLIANCE WITH BESTPRACTICES OF CODE OF CORPORATE GOVERNANCE

We have reviewed the Statement ! C m"#ian$e with the %e&t "ra$ti$e& $ ntained in the C de ! C r" rateG vernan$e "re"ared %' the B ard ! Dire$t r& ! MB Feed& ()the C m"an'*+ t $ m"#' with the Li&tin,Re,-#ati n& ! .ara$hi/ Lah re and Iama%ad St $0 E1$han,e& where the C m"an' i& #i&ted2

The re&" n&i%i#it' ! r $ m"#ian$e with the C de ! C r" rate G vernan$e i& that ! the B ard ! Dire$t r& ! theC m"an'2 O-r re&" n&i%i#it' i& t review/ t the e1tent where &-$h $ m"#ian$e $an %e %3e$tive#' veri!ied/ whether the Statement ! C m"#ian$e re!#e$t& the &tat-& ! the C m"an'4& $ m"#ian$e with the "r vi&i n& ! the C de ! C r" rate G vernan$e and re" rt i! it d e& n t2 A review i& #imited "rimari#' t in5-irie& ! the C m"an' "er& nne#and review ! vari -& d $-ment& "re"ared %' the C m"an' t $ m"#' with the C de2

A& "art ! -r a-dit ! !inan$ia# &tatement& we are re5-ired t %tain an -nder&tandin, ! the a$$ -ntin, and interna#C ntr # &'&tem& &-!!i$ient t "#an the a-dit and deve# " an e!!e$tive a-dit a""r a$h2 We are n t re5-ired t $ n&ider whether the B ard4& &tatement n interna# $ ntr # $ ver& a## ri&0& and $ ntr #&/ r t ! rm an "ini n n thee!!e$tivene&& ! &-$h interna# $ ntr #&/ the C m"an'4& $ r" rate , vernan$e "r $ed-re& and ri&0&2

F-rther/ S-%6Re,-#ati n (1iii+ ! Li&tin, Re,-#ati n& 78 n ti!ied %' The .ara$hi St $0 E1$han,e (G-arantee+Limited vide $ir$-#ar .SE9N6:;< dated =an-ar' >