TPL Insurance : Material Information

April 26, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi.

Subject:

Disclosure of Material Information

Dear Sir,

In accordance with Sections 96 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:

We are pleased to announce that the Board of Directors of the TPL Insurance Limited ("the Company"), in terms of its meeting dated 26th April, 2023 have accorded its approval for the acquisition of operations of a significant insurance player in the Pakistani market ("Target Company"), by means of scheme of amalgamation to be sanctioned through the High Court. Upon sanctioning of the scheme of arrangement, the net assets of the Target Company shall stand merged into the Company. It is expected that the scheme of arrangement shall be sanctioned and transaction consummated by 31st of December, 2023.

The Company shall keep the shareholders apprised of all further developments in the said transaction.

We shall keep our shareholders updated with respect to this transaction by making further announcements as and when the transaction progresses further.

Yours sincerely,

________________

Danish Qazi

Company Secretary

Cc:

Director / HOD

Surveillance, Supervision and Enforcement Department

Securities and Exchange Commission of Pakistan

NIC Building, 63 Jinnah Avenue

Blue Area, Islamabad

ANNEXURE A

DISCLOSURE FORM

IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015

Name of Company:	TPL Insurance Limited
	20th Floor, Sky Tower, East Wing,
	Dolmen City, HC-3, Block 4, Clifton
	Karachi
Date of Report:	April 26, 2023
Contact Information:	Danish Qazi
	Company Secretary
	20th Floor, Sky Tower, East Wing,
	Dolmen City, HC-3, Block 4, Clifton
	Karachi
	Telephone Number:	[phone] (5)
	Fax Number:	[phone]

Please mark the appropriate box below (see General Instruction A.1 below before filing the details).

[√ ]	Disclosure of price sensitive / inside information by listed company.

Public disclosure of price sensitive / inside information, which directly concerns the listed securities.

We are pleased to announce that the Board of Directors of the TPL Insurance Limited ("the Company"), in terms of its meeting dated 26th April, 2023 have accorded its approval for the acquisition of operations of a significant insurance player in the Pakistani market ("Target Company"), by means of scheme of amalgamation to be sanctioned through the High Court. Upon sanctioning of the scheme of arrangement, the net assets of the Target Company shall stand merged into the Company. It is expected that the scheme of arrangement shall be sanctioned and transaction consummated by 31st of December, 2023.

The Company shall keep the shareholders apprised of all further developments in the said transaction.

The company has duly caused this form / statement to be signed / on its behalf by the undersigned hereunto duly authorized.

________________

Danish Qazi

Company Secretary