The Israel Land Development Company Ltd.

Board/Management Information • Oct 14, 2021

National Storage Mechanism | Additional information

RNS Number : 1035P

Oil and Gas Development Company Ltd

14 October 2021

No.CS04-08/PSX                                                                                October 14, 2021

The General Manager Karachi Stock Exchange Limited Stock Exchange Building Stock Exchange Road Karachi Fax No: 021-32437567	London Stock Exchange Plc.               10 Paternoster Square London EC4M 7LS Tel: (44) 020 7334 8907

Subject:           CHANGE / APPOINTMENT OF MD/CEO OGDCL

Dear Sir,

It is hereby informed that OGDCL Board of Directors in its 240th meeting held on October 14, 2021 approved / resolved as under:

A.  Resignation of Mr. Shahid Salim Khan, MD/CEO be and is hereby accepted.  He will relinquish the charge of office of MD/CEO on October 20, 2021.

B.  Syed Khalid Siraj Subhani, Director will assume the duties of the office of MD/CEO on acting charge basis upon relinquishment of charge by Mr. Shahid Salim Khan on October 20, 2021.

The above information is submitted in compliance with PSX Regulations / Code of Corporate Governance for dissemination amongst your members please.

Yours truly,

(Ahmed Hayat Lak)

Company Secretary

Copy to:

The Commissioner (Enforcement),

Securities & Exchange Commission of Pakistan,

NIC Building, Islamabad.

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