MATCO FOODS LIMITED BeIth, STE. Phase 1, Super Highway Intl Area, Karoo. 75940, Tel 09221 3688079, 26800737 (ok +9 301 sasoans, +02 221 2420802 Fax 92 21 881883 mn contact matoroods com December 24, 2020 Attention: cl The Conerdl Manager Director/HOD Pakistan Stock,Exchange Limited Surveillance, Supervision and Enforcement Department Stock Exchange Building ‘Securities and Exchange Commission of Pakistan Stock Exchange Road NIC Building, 63 Jinnah Avenue Karachi Blue Area, Islamabad Subject: Disclosure of Material Information Dear Sir, In accordance with Section %6 of the Securities Act, 2015 and Clause 5.6.1(a) PSX Regulations, we are pleased to convey that: The Board of Directors in its meeting held on Thursday, December 24, 2020 has approved the business plan of corn-starch business in Allama Iqbal Industrial Estate SEZ, Faisalabad which shall be financed through mix of debt. and equity, ‘The estimated cost of the business plan is as follows: L Description Estimated Cost (PKR) @) Plant and Machinery with the capacity of 200 tons per day of Cor 1,000 mnillion Grinding including equipment | b)_Land acquisition of 20 Acres 190 million <)_Givil works 7 195 million The Board has further approved and authorized Chief Executive and Executive Directors to: © Secure and negotiate the purchase of plant site/land in Faisalabad, Pakistan for cornstarch and to apply and obtain all requisite ipprovals/NOCS in this regard; the process of availing the Temporary Economic Refi (LTP) as introduced by the State Bank of Pakistan (SBP) and to finance the above business plan; and © Sale the land of 10 Acres situated at Plot G-06, Port Qasim Authority, Karachi to utilize the funds for the above business plan. ant ce Facility (TERF) and Long ‘Term Finance Facil \ disclosure form is attached herewith (Annexure You may please inform the members of the Exchange accordingly. Yours truly, For and on behalf of Matco Foods Limited Danish Ahmed Company Secretar) AK ‘Visit us at wwe mateofoods.com, ww faakeice com BASMATI RICEDecember 24, 2020 Name of the Company Date of earliest event reported if applicable Exact Name of the Company as specified in its Memorandum Registered addiess of the sompany ‘Contact Information| Disclosure of inside information by the Company in terms of | Securities Act, 2015 MATCO FOODS LIMITED B-1/A, SITE. Phase 1, Super Highway Indust Area, Karachi 75340 Ter 99227 36880735, 36800737 ot #02301 8250060, 992921 2422002 Fax +92 21 36007443. Ema contari@matcotoods com ANNEXURE - A DISCLOSURE FORM (Securities Act, 2015) [ Matco Foods Limited [N/A | Matco Foods Limited ]B-1/A, S.LT-E. Phase 1, Super Highway Industrial Area, Karachi — 75340, | Company Secretary Matco Foods Limited B-1/A, SLE. Phase 1, Super Highway Industeial Area, Karachi ~ 75340. | el: +92 21 36880735-37 | 21 36881443 | We hereby convey the following, information: Fax: +9: The Board of Directors in its meeting held on Thursday, December 24, 2020 has | approved the business plan of com-starch business in Allama Iqbal Industrial Estate SEZ, Faisalabad which shall be financed through mix of debt and cquity. The estimated cost of the business plan is as follows: Description Estimated Cost | (PKR) a) Plant and Machinery with the capacity of 200 tons 1,000 million’ per day of Corn Grinding including equipment D)_Aand acquisition of 20 Acres 190 milion ©)_Givil works 1 | Phe Board has further approved and authorized Chief Executive and Executive Directors to: # Secure and negotiate the purchase of plant site/land in Faisalabad, Pakistan for | corn-starch and to apply and obtain all requisite approvals/NOCs in this regard; ance Facility Start the process of availing the Temporary Economic Re | TERF) and Long ‘Term Finance Facility (LIFF) as introduced by the State Bank of Pakistan (SBP) and to finance the above business plan; and Sale the land of 10 Actes situated at Plot G-06, Port Qasim Authority, Karachi to utilize the funds for the above business pl Visit us at: www matcofoods. com, wwe. falakrce. com BASMATI RICE