RECEIPT OF 12TH AND FINAL INTEREST PAYMENT BY PHL

Summary by AI ^BETAClose X

Oil and Gas Development Company Ltd has received the twelfth and final interest payment of Rs 7.725 billion from Power Holding (Private) Limited as part of the circular debt settlement plan, bringing the total interest received to Rs 92 billion. This payment signifies continued progress in the Government of Pakistan's initiative to reduce circular debt within the energy sector.

Disclaimer*

Oil and Gas Development Company Ltd

24 June 2026

CS04-08 (PSX/LSE/SECP)

June 24, 2026

The General Manager,

Pakistan Stock Exchange Limited,
Stock Exchange Building,

Stock Exchange Road,
Karachi-74000, Pakistan.

London Stock Exchange Plc.,

10 Paternoster Square,

London EC4M 7LS.

Tel: (44) 20 7334 8907

Subject: RECEIPT OF TWELFTH AND FINAL INTEREST PAYMENT UNDER TERM FINANCE CERTIFICATES (TFCs) BY POWER HOLDING LIMITED

Dear Sir,

With reference to our earlier disclosures, we are pleased to inform that, as part of the circular debt settlement plan, OGDCL has received the twelfth and the final installment of Rs 7.725 billion, as interest payment from Power Holding (Private) Limited (PHL), pursuant to the Government of Pakistan (GOP) approved mechanism.

A total interest amount of Rs 92 billion has been received. The receipt of these funds reflects continued progress under the Government of Pakistan's initiative to address and reduce circular debt within the energy sector.

The above information is submitted in compliance of Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, for dissemination amongst your members please.

Yours Sincerely,

(Wasim Ahmad)

Company Secretary

Copy:

Executive Director/HOD, SECP-63, NIC Building, Blue Area, Islamabad

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