RECEIPT OF FIRST INTEREST PAYMENT UNDER TFCs

CS04-08 (PSX/LSE/SECP)

August 04, 2025

Subject: RECEIPT OF FIRST INTEREST PAYMENT UNDER TERM FINANCE CERTIFICATES (TFCs) BY POWER HOLDING LIMITED

Dear Sir, 

With reference to our earlier disclosure dated June 27, 2024, we are pleased to inform that, as part of the circular debt settlement plan, Oil and Gas Development Company Limited (OGDCL) has received the first interest payment of Rs 7.725 billion from Power Holding (Private) Limited (PHL), pursuant to the Government of Pakistan (GOP) approved mechanism.

As previously disclosed, the total interest amount of Rs 92 billion is to be repaid in twelve equal monthly installments, commencing July 2025. The receipt of this initial payment reflects progress under the GOP's initiative to address circular debt in the energy sector.

The above information is submitted in compliance of Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, for dissemination amongst your members, please.

Yours sincerely,

(Wasim Ahmad)

Company Secretary

Copy:

Executive Director/HOD,

Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,63,

NIC Building, Jinnah Avenue, Blue Area,

Islamabad.