Nimir Industrial Chemicals Limited: Disclosure of Material Information In accordance to the section 96 and 131 of the Securities Act 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following information: he Company (NICL) has received

Nimir Industrial Chemicals Limited (NICL) has disclosed that substantial shareholders Mr. Nadeem Nisar and Mrs. Shaheen Nadeem have entered into a Share Purchase Agreement (SPA) with Cherat Cement Company Limited for the sale of 14,457,000 shares, representing approximately 13.07% of the company's issued capital.

• The shares are being sold at a price of PKR 340 per share.
• Total transaction value is approximately PKR 4,910.38M.
• The transaction is subject to regulatory approvals and other conditions as outlined in the SPA.
• This sale indicates a strategic move by the shareholders, potentially impacting the company's control dynamics.