Yasir Mahmood Securities (Pvt) Ltd
Corporate Member — Lahore Stock Exchange

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#5: Mar 11, 2005
#4: Mar 07, 2005
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Investor's Guide (LSE)
Volume 1
Volume 2
Glossary

United Bank Limited

The Privatisation Commission, Government of Pakistan has made an "offer for sale" of 51,800,000 ordinary shares of UNITED BANK LIMITED (UBL) at a price of Rs.50 inclusive of premium of Rs.40 per share. There is a green shoe option of additional 25,900,000 ordinary shares (5% of paid up capital) in case of over subscription.

The trading of shares on the provisional counter began on May 26, 2005. All Pakistani residents and non-residents are allowed to subscribe for the shares. The subscription list will open Insha-Allah at the commencement of banking hours on June 3, 2005 and will close at the end of banking hours on June 8, 2005. UBL's provisional trade history is available here.

This is a great opportunity to take an ownership stake in a bank which has the third largest branch network and the third largest deposit base among domestic banks. You can find out more about UBL in the official Offer For Sale Document (OFSD), available here.

To subscribe for the shares, download and print the application form.

If you have any questions regarding UBL or require assistance with the application form, please don't hesitate to contact Mr Faisal Rasheed or Mr Ashraf Rahmani at (042) 636-8585, (042) 636-8555, or (042) 631-4141 (ext 122 or 124). You may also email us at info@dryasirmahmood.com.

Investors are STRONGLY advised to read the contents of the Offer For Sale Document carefully before subscribing to UBL shares. In particular, you must be aware of the risk factors as detailed in Part 4.6 of the document.