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about the cover The year 2016 saw a strategic alliance between Engro Foods Limited and Royal FrieslandCampina. With these perfect ingredients of intemational expertise and local know-how, this winning combination promises to cook up a storm in the food industry of Pakistan. Armed with our passion to prosper and our hunger to conquer the market, we hope to delve into yet untapped arenas and create products yet to be tasted by our 12 million consumers. A flawless recipe for growth, evolution and success. With these appetizing goals for the coming year, we ended this year with a continued and consistent effort to add value to our shareholders’ plate and contributed to the nation’s food industry in a wholesome manner. about Royal FrieslandCampina With roots stretching as far back as 1871, Royal FrieslandCampina has a rich storied history, With 1 billion Euros in revenues it is one of the largest dairy companies in the world, FrieslandCampina is basod in the Netherlands and has offices in 38 countries and employs 22,000 people. The Company's produets find their way to more than 100 countries and most wonderfully the people it serves, also own it~ around 19,000 farmers spread across the Netherlands, Germany and Belgium, Indeed this unique fact of being owned by a cooperative of farmers colors the vision of the Company to a great extent. Its purpose statement “nourishing by nature” means that FrieslandCampina is committed to better nutrition for the world's consumers; so as the population of the world crosses 9.7 Billion by 2050 FriestandCampina will be there helping feed the world with affordable and nutrtious products. The Company also believes in a good living for its farmers so they can maximize their incomes by being a part of the dairy ecosystem continue and growing in a sustainable manner now and for generations to come. During its more than hundred and forty years of history, FrieslandCampina has built strong market and brand positions based on recognizable brands and a relentless commitment to quality and the Company will endeavor to continue this tradition in Pakistan The greatest journeys are made together with others. As Engro Foods with FriestandCampina, aided by the Government of Pakistan and millions of Pakistani farmers embarks on this journey, the Company is thanklul to al its stakeholders, With a growing market, a clear strategy, a professional passionate workforce and products that resonate with its customers, the Company is optimistic for 2017 to fulfllits mission of ‘nourishing by nature’ *. " ™ | > - 7 » the pure mix for t . progress ’ ‘ , cis contents Company Information Our Brands Company Information Our Brands Notice of the meeting Marketing Communication Core Values Our Overview Financial Statements Our Portfolio Fi ial Our Footprint in Pakistan inancials Annexure Corporate Governance Directors’ Profiles Board of Directors Directors’ Report Directors’ Report Financial Review Financial Summary Financial Performance Indicators 2011-2016 Key Shareholding and Shares Traded Pattem of Shareholding Category of Shareholding Shareholder Information company information Board of Directors ‘Aadul Samad Dawood (Chairman) Hans Laarakker (CEQ/Direotory" Babur Sultan (CEO)* Heil van der Kool Hoin Schumachor Jaska de Bakker Piet Hilarces Sabrina Dawood Ghias Khan Wim Torts ‘Company Secretary Faiz Chanra Bankers Conventional Alicd Bank Limited ‘Askari Bank Limited Bank AFalah Limited Bank AHHabib Limited Citibank NA, Deutchss Bank AG Faysal Bank Limited Habib Bank Limited Habio Metropolitan Bank Limited Industral and Commercial Bank of China Limited MOB Bank Limited National Bank of Pakistan NIB Bank Linvted ‘Sama Bark Limited ‘Soneri Bank Limited ‘Standard Chartered Bank Pakistan Limited ‘Summit Bank Limted “Tameer Moro Finance Bank Limited The Bank of Punjat United Bank Limted Shariah Compliant ‘AlBaraka Bank Pakistan Limsted Bank AHHabib Limited - lamic Banking Moazan Bank Limited ‘Stardlarc Chartered Bank Pakistan Limited-Saadiq Auditors: ‘AF. Ferguson & Company ‘Chartered Accountants. Slate Life Building No. 1-0 LL Chunekigar Road Karachi-74000, Pakistan Tol +92(21) 2426082-6 /92426711-5 Fax +92(21)32416007 / 92427998 Registered Office ‘th Floor, The Harbor Front Building, HC #3, Marine Driv, Block 4, Clifton, Karachi-75600, Pakistan Tak: +92{21) 85296000 (10 Ines} Faxc192(21)35205961.2

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