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Miscellaneous

Nishat Mills Limited’s information U/S 218 of the companies ordinance, 1984

Karachi: We have to inform you that the Board of Directors of Nishat Mills Limited (NML) has revised the remuneration of the Chief Executive Officer of the Company from Rs. 944,640/- to Rs. 1,086,336/- per month with effect from July 01, 2011 by giving an annual increment @ 15% p.a. in accordance with the service rules of the Company. There is no change in other terms and conditions of his appointment.

A notice in this respect is enclosed herewith for circulation amongst the members.

Information U/S 218 of the Companies Ordinance, 1984

In pursuance of Section 218 of the Companies Ordinance, 1984 the members of Nishat Mills Limited (the “Company”) are hereby informed that the Board of Directors of the Company in their meeting held on September 06, 2011 has revised the monthly remuneration of Mr. Umer Mansha, Chief Executive Officer of the Company from Rs. 944,640/- to Rs.1,086,335/- per month with effect from July 01, 2011 by giving an annual increment @ 15% per in accordance with the service rules of the Company. There is no change in other terms and conditions of his appointment.

For more information, contact:
Khalid Mahmood Chohan
Company Secretary
Nishat Mills Limited
7-Main Gulberg,
Lahore Pakistan
UAN: 111 33 22 00
Tel: 92-42-35718351-59
Fax: 92-42-35716350
Email: Nishat@nishatmills.com

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