Appointment of Director of United Bank Limited

Secretary's Department

SD/PSX/Director-MJI/Appointment/22

15 December, 2022

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building,

Stock Exchange Road,

Karachi.

Dear Sir,

APPOINTMENT OF DIRECTOR OF UNITED BANK LIMITED

We are pleased to inform that Mr. Muhammad Jawaid Iqbal has been appointed as a Director on the Board of United Bank Limited ("UBL"). His appointment is in place of Mr. Arshad Ahmad Mir who resigned from the Board with effect from 14 December 2022.

The appointment of Mr. Muhammad Jawaid Iqbal is subject to approval of State Bank of Pakistan.

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

Yours faithfully,

Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

C.C to:

1) London Stock Exchange, London UK.

2) The Commissioner, Enforcement & Monitoring Division, SECP, Islamabad.