First Paramount Modaraba — M&A Activity 2026

May 25, 2026

FIRST PARAMOUNT MODARABA
ARABAT • BURBARY • BAHAT

Date: 25 May 2026
Ref. No.: PSX-141/2026

General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Karachi.

Subject: Acquisition of FPM AML / CFT Solution Business

Dear Sir / Madam,

In compliance with applicable regulatory requirements, it is submitted that First Paramount Modaraba has acquired a 60% ownership stake in the FPM AML / CFT Screening Solution Business (Both inside and outside Pakistan). The business has been independently valued at Rs. 334 million by an independent valuer.

Consequently, by acknowledging the transactions, the equity of the Modaraba has increased from Rs. 284,505,007 to Rs. 462,997,585. The structure of the underlying transaction and accounting treatment has been reviewed and certified by the External Auditors and the Shariah Advisor of the Modaraba. The same is communicated to the SECP also.

The move represents an important strategic step towards strengthening the Modaraba's footprint, in the regional and local market, at the fast-growing technology-enabled compliance sector. The management believes that the revised structure is expected to improve operational alignment and governance, create a stronger foundation for future expansion and growth opportunities, and support the Modaraba's long-term growth objectives and value creation initiatives for certificate holders.

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

Sincerely,
For and on behalf of
First Paramount Modaraba

Syed Mudassir Ali
Company Secretary

Head Office: Suit No. 107-108, P.E.C.H.S Community Office complex, Block No. 2, P.E.C.H.S, Sharah-e-Quaideen, Karachi.
Tel: (021) 34361037-8, 34361052, 34361101 Fax: 34534410 Email: info@fpm.com.pk Web: www.fpm.com.pk

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FIRST PARAMOUNT MODARABA
ARABAT • CHILEKAT • CAKAT

DISCLOSURE FORM

Name of Company: First Paramount Modaraba
Registered Office: Suite No. 107-108, P.E.C.H.S. Community Office Complex, Block No. 2, P.E.C.H.S. Shahrah-e-Quaideen, Karachi.
Date of Disclosure: 25 May 2026
Contact Information: Syed Mudassir Ali
Company Secretary
Phone: (021) 34381037-8, 34381052, 34381101
s.mudassirali@fpm.com.pk

Disclosure of material information

In accordance with Section 96 of the Securities Act, 2015, we hereby convey the following information:

it is submitted that First Paramount Modaraba has acquired a 60% ownership stake in the FPM AML / CFT Screening Solution Business (Both inside and outside Pakistan). The business has been independently valued at Rs. 334 million by an independent valuer.

Consequently, by acknowledging the transactions, the equity of the Modaraba has increased from Rs. 284,505,007 to Rs. 462,997,585. The structure of the underlying transaction and accounting treatment has been reviewed and certified by the External Auditors and the Shariah Advisor of the Modaraba. The same is communicated to the SECP also.

The move represents an important strategic step towards strengthening the Modaraba’s footprint, in the regional and local market, at the fast-growing technology-enabled compliance sector. The management believes that the revised structure is expected to improve operational alignment and governance, create a stronger foundation for future expansion and growth opportunities, and support the Modaraba’s long-term growth objectives and value creation initiatives for certificate holders.

Syed Mudassir Ali
Company Secretary

Head Office: Suit No. 107-108, P.E.C.H.S Community Office complex, Block No. 2, P.E.C.H.S, Sharah-e-Quaideen, Karachi.
Tel: (021) 34381037-8, 34381052, 34381101 Fax: 34534410 Email: info@fpm.com.pk Web: www.fpm.com.pk