First Paramount Modaraba — Share Issue/Capital Change 2026

Jun 10, 2026

FIRST PARAMOUNT MODARABA
AMARIST • SINGAPORE • BURKAY

Date: 09 Jun 2026
Ref. No.: PSX-150/2026

General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Karachi.

Subject: Material Information – Declaration of Right Certificates

Dear Sir / Madam,

This is to inform you that the Board of Directors of Paramount Investments Limited (The Management Company of First Paramount Modaraba) in its meeting held on 09 June 2026 has approved the issuance of Right Certificates to the existing certificate holders of the Modaraba, subject to compliance with all applicable legal and regulatory requirements.

The proposed Right Issue comprises 6,894,210 ordinary Modaraba Certificates to be offered at an issue price of PKR 10 per certificate (at par value), aggregating PKR 68,942,100. The Right Issue shall be offered to the existing certificate holders in the ratio of one (1) Right Certificate for every two (2) ordinary certificates held, representing approximately 50% of the existing paid-up certificate capital of the Modaraba.

The salient particulars of the proposed Right Issue are enclosed as Annexure A

The dates of closure of the share/certificate transfer book, trading period for Letter of Rights, subscription period, and other relevant information shall be communicated in due course after finalisation of the Offer Letter, in accordance with applicable laws, regulations, and PSX requirements.

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

---

The Board has authorised the Chief Executive Officer and the Company Secretary to undertake all necessary actions and complete all regulatory and procedural formalities in connection with the Right Issue.

Please disseminate the information to the market participants accordingly.

Sincerely,

For and on behalf of

First Paramount Modaraba

Syed Mudassir Ali
Company Secretary

CC:

1. Registrar Modaraba
   Securities & Exchange Commission of Pakistan
   Specialized Companies Division
   Islamic Finance Department
   NIC Building, 63-Jinnah Avenue
   Islamabad

2. Director/HOD
   Surveillance, Supervision and Enforcement Department
   Securities and Exchange Commission of Pakistan
   NIC Building, 63 Jinnah Avenue
   Islamabad

3. Director/HOD
   Securities Market Division
   Securities and Exchange Commission of Pakistan
   NIC Building, 63 Jinnah Avenue
   Islamabad

Encl: Annexure A – Salient Features of the Proposed Right Issue

---

ANNEXURE A

SALIENT FEATURES OF THE PROPOSED RIGHT ISSUE

a. Quantum of Issue (Percentage of Existing Paid-up Capital)

The proposed Right Issue comprises 6,894,210 ordinary Modaraba Certificates, representing approximately 50% of the existing paid-up capital of 13,788,420 certificates, and is being offered to existing certificate holders in the ratio of one (1) Right Certificate for every two (2) ordinary certificates held.

b. Issue Size

The aggregate size of the Right Issue is PKR 68,942,100, comprising 6,894,210 ordinary Modaraba Certificates.

c. Issue Price

The Right Certificates are proposed to be offered at PKR 10 per certificate, being the face value of the Modaraba Certificate.

d. Purpose of the Issue

The purpose of the Right Issue is to:

a. Strengthen the Modaraba's capital base and support its future business growth strategy by enhancing its capacity to undertake and expand Shariah-compliant financing activities, investments and business ventures, thereby enabling the Modaraba to effectively capitalise on emerging opportunities within its core areas of operation.

b. Also, ensure compliance with the minimum equity requirement prescribed under the Modaraba Regulations, 2021 and to maintain an adequate capital structure in line with applicable regulatory requirements.

The Board of Directors and Management are of the view that the Right Issue represents a strategic step towards reinforcing the Modaraba's long-term financial strength and unlocking its growth potential, enabling it to execute its expansion plans with greater flexibility, resilience, and alignment with its Shariah-compliant business model.

e. Utilization of the Proceeds of the Issue

The proceeds of the Right Issue will be utilised for the expansion and diversification of the Modaraba's existing Shariah-compliant financing and business portfolio, as well as for new financing and business ventures, in accordance with its strategic objectives and within the scope of activities permitted under applicable laws and regulations.

The capital injection will support the Modaraba's continued growth trajectory, enhance its capacity to undertake larger financing exposures where appropriate, and further strengthen its

---

ability to deliver sustainable earnings over the medium to long term, without compromising its prudent risk management approach.

f. Benefits of the Issue to the Modaraba and its Certificate Holders

The Right Issue is expected to provide the following benefits:

i. Strengthening of the Modaraba's equity base and overall financial position;
ii. Enhanced capacity to expand and diversify the Modaraba's financing portfolio;
iii. Improved ability to undertake larger financing exposures and business opportunities within prudent risk parameters;
iv. Support for sustainable growth in the Modaraba's business operations and earnings potential over the medium to long term;
v. Compliance with the minimum equity requirement prescribed under the Modaraba Regulations, 2021; and
vi. Creation of long-term value for certificate holders through strengthening of the Modaraba's financial and operational capacity.

g. Risks, if any, associated with the Issue to which the Modaraba and/or its Certificate Holders are Exposed

The Right Issue itself does not create any additional debt obligations or financial liabilities for the Modaraba.

Certificate holders who choose not to subscribe to their respective entitlements, either wholly or partially, may experience dilution in their percentage holding in the Modaraba.

The deployment of proceeds into financing and investment activities shall remain subject to normal business, market, credit, economic and industry-related risks inherent in the Modaraba's operations. However, such risks form part of the ordinary course of business and are managed through the Modaraba's established risk management framework and investment approval processes.

h. Justification for Issue of Shares at Premium or at Discount (if applicable)

Not applicable. The Right Issue is proposed to be issued at the face value of PKR 10 per certificate and therefore no premium or discount is involved.

i. Minimum Subscription Amount

No minimum subscription amount is proposed.

j. Provision of ASBA Facility (Optional)

Not Applicable.