MONEY AND CAPITAL MARKETS

COMPANY NAME

BYCO PETROLEUM PAKISTAN LIMITED.

SUBMITTED TO:

PROF.Sallah Ud Din

SUBMITTED BY:

 KAMRAN JAMEEL L1S08MBAM2071

SERIAL NO:

27

SECTION: A

UNVERSITY OF CENTRAL PUNJAB

 COMPANY’S OVERVIEW

Bosicor Pakistan Limited was incorporated on 9th January 1995 as a public limited company. It
is listed on all the three stock exchanges of the country. At the time of its inception, the company
aimed at to operate in the chemical, petroleum/petro-chemical and energy sectors.

Bosicor Pakistan started its commercial operations in 2004. It completed the first turnaround on
15th August 2005 after starting trial operation in November 2003. The trial operations started
with a capacity of 8,000 barrels per day, which was subsequently increased to 18,000 barrels per
day.

BPL operates a refining facility at Mouza Kund Plant (MKP1), at Mouza Kund in Balochistan.
Bosicor Corporation Limited (BCL) and Abraaj Capital Limited (ACL), (a premier investment
firm with specialized experience in private equity investments in the Middle East, North Africa
and South Asia (MENASA) region and having executed some of the most compelling and
successful transactions in the history of leveraged acquisitions across the region), have joined
hands, in 2008, for further expanding Bosicor ventures in refining and petrochemicals by putting
up concurrently the country's largest refinery and petrochemicals complex.

Bosicor Pakistan Ltd (BPL) has changed its name to Byco Petroleum Pakistan Ltd. According to
information reaching KSE, the address of the company has also been changed to Harbour Front,
9th Floor, Dolmen City HC-3, Block 4, Marine Drive, Clifton.

PATTERN OF SHAREHOLDING

Bosicor Corporation Limited (BCL), a company incorporated in Cayman Islands, continues to

hold 55.19% shares, while institutions and Banks held 8.85%, and individuals held the balance
35.96%.The highest and lowest market prices during 2009 were Rs. 13.27 and Rs. 3.55 per share
respectively. The Directors, CEO, CFO, Company Secretary, their spouses and minor children
did not carry out any transaction in the shares of the Company during the year. (ANNUAL
REPORT 2009).

EVENTS AFTER REPORTING PERIOD

On October 30, 2009 the Byco Industries Incorporated (BII) has made public announcement of
offer to purchase up to 136,510,046 shares of the company at a price of Rs.10/- per share
pursuant to Listed Companies (Substantial Acquisition of Voting Shares and Take-over's)
Ordinance, 2002. The offer has been made by virtue of an agreement between BII and Bosicor
Corporation Limited (BCL) (holding company) whereby it has been agreed that BCL will
transfer its entire shareholding in the company to BII, where the BCL and Abraaj Mauritius Oil
and Gas SPV hold 60% and 40% shares respectively. This will further enhance strong
shareholder’s support to the Company.

BII TO ACQUIRE 34.81 PERCENT VOTING SHARES OF BPL

RECORDER REPORT

KARACHI (October 29 2009): Byco Industries Incorporated (BII), a Mauritius based company,
has planned to acquire 34.81 percent voting shares of Bosicor Pakistan Limited (BPL) from
capital market. Information sent to Karachi Stock Exchange (KSE) on Wednesday revealed that
Byco will make an announcement soon of BPL's public offer to all other shareholders of BPL to
acquire up to 136,510,046 shares representing approximately 34.81 percent of the issued share
capital of BPL at a purchase price of Rs 10 per share.BII has appointed NIB Bank and Global
Capital Securities as managers for the offers.