The Israel Land Development Company Ltd.

Regulatory Filings • Jun 22, 2023

National Storage Mechanism | Additional information /*<![CDATA[*/ /**/ /**/ /**/ ol{margin-bottom:0cm;}ul{margin-bottom:0cm;} .j{size:612.0pt 792.0pt;margin:81.0pt 72.0pt 31.5pt 72.0pt;}div.j{}p.ah{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt; text-align:right}span.af{font-size:12.0pt;line-height:115%;font-family: "Tahoma","sans-serif"}table.ai{width:478.8pt;margin-left:-5.4pt;border-collapse:collapse}td.aa{width:224.35pt;padding:0cm 5.4pt 0cm 5.4pt}p.aj{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;line-height: normal}span.ad{font-size:12.0pt;font-family:"Tahoma","sans-serif"}p.ak{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0cm;margin-right:0cm;margin-bottom:0cm; margin-left:18.0pt;margin-bottom:.0001pt;line-height:normal}td.z{width:9.35pt;padding:0cm 5.4pt 0cm 5.4pt} td.y{width:212.7pt;padding:0cm 5.4pt 0cm 5.4pt}p.al{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0cm;margin-right:0cm;margin-bottom:0cm; margin-left:72.0pt;margin-bottom:.0001pt;text-align:justify;text-indent:-72.0pt}span.w{font-size:12.0pt;line-height:115%;font-family:"Tahoma","sans-serif"}.u{text-decoration: underline}p.am{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;text-indent:36.0pt;line-height:150%}span.t{font-size:12.0pt; line-height:150%;font-family:"Tahoma","sans-serif"}span.r{font-size:9.0pt; line-height:150%;font-family:"Tahoma","sans-serif"}p.an{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:-18.0pt;text-align:right; text-indent:18.0pt}span.q{font-size:12.0pt;line-height:115%;font-family: "Tahoma","sans-serif";color:black}p.ao{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt; text-align:right;line-height:normal} span.o{font-size:12.0pt;font-family: "Tahoma","sans-serif";color:black}span.m{font-size:12.0pt;font-family:"Tahoma","sans-serif"; color:black}span.l{font-size:7.0pt;font-family:"Tahoma","sans-serif"; color:black}p.ap{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;line-height:normal} .fr-view-element{font-family: sans-serif;font-size: 12pt;line-height: 140%;padding: 20px;box-sizing: border-box;overflow-x: auto;min-height: 60px;text-align: left;margin-bottom: 10px;width: 837px;} .fr-view-element img{padding: 0 1px;} .fr-view-element .j{margin: 63.8pt 1.6cm 62.35pt 1.6cm;} .fr-view-element p{font-size: 10pt;} /**/ /**/ /**/ /*]]>*/

RNS Number : 6065D

Oil and Gas Development Company Ltd

22 June 2023

CS04-08 (PSX/LSE/SECP)

June 22, 2023

The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Building, Stock Exchange Road, Karachi-74000, Pakistan. Fax No. (92-21) 3241 0825, 3241 5136		London Stock Exchange Plc., 10 Paternoster Square, London EC4M 7LS. Tel: (44) 20 7334 8907

Subject: Clarification regarding news items published in print media

Dear Sir,

This is in reference to the news items published in print media on June 21, 2023, which state that two blocks have been awarded to the Oil and Gas Development Company Limited (OGDCL).

In this connection, it is clarified that OGDCL participated in the bidding round on June 20, 2023, during which the Company was the highest bidder for two blocks, Zindan-II in Sindh and Sehwan-III in Punjab. However, the official approval for these block awards from the regulatory authority is yet to be received. Further details will be shared following the issuance of provisional Exploration Licenses by the Ministry of Energy's (Petroleum Division) Directorate General of Petroleum Concessions.

Yours sincerely,

(Wasim Ahmad)

A/Company Secretary

Copy:

Director/HOD,

Office II, Department Supervision,

Securities & Exchange Commission of Pakistan,

NIC Building, 63 Jinnah Avenue, Blue Area,

Islamabad.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

SPCGCGDLDSDDGXD