FIRE INCIDENT UPDATE

Karachi : During a preliminary site investigation at our development near Korangi Creek, our team encountered a pocket of underground gas while drilling a test well for water exploration. Initial technical
evaluations as well as independent views expressed by industry experts indicate that the gas may be shallow biogenic methane, a naturally occurring gas resulting from organic material decomposition.
Since this area is not part of a known natural gas reservoir, and based on similar occurrences elsewhere,
this gas pocket is expected to dissipate naturally over time provided the flame is allowed to burn. The recent test was part of a series of extensive studies conducted over the past two years to reinforce our commitment to responsible and well-planned development. These assessments – carried out in collaboration with leading national and international consultancy firms – include geotechnical studies,
soil composition and contamination tests, Electrical Resistivity (ER) surveys, a comprehensive Environmental and Social Impact Assessment (ESIA) and other baseline studies. All field investigations,
including the recent hydrological study was conducted with the necessary approvals from relevant
authorities and in full compliance with regulatory standards. We remain committed to maintaining highest standards of transparency, safety, health, and sustainability in all our projects and will continue to provide regular updates as our assessments progress on this matter. We appreciate the support and patience we have received from the local community, the regulatory authorities, and other key stakeholders as we manage this unexpected yet potentially beneficial discovery.