RECEIPT OF RS 41.8 BILLION FROM UCH POWER

Summary by AI ^BETAClose X

Oil and Gas Development Company Ltd has received Rs 41.8 billion from Uch Power (Private) Limited as part of a circular debt settlement, addressing outstanding receivables. This significant inflow is a result of the Government of Pakistan's initiative to resolve circular debt within the energy sector, which is a positive development for the company's financial position.

Disclaimer*

Oil and Gas Development Company Ltd

11 December 2025

CS04-08 (PSX/LSE/SECP)

December 11, 2025

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 RS 41.8 BILLION FROM UCH POWER (PRIVATE) LIMITED

Dear Sir,

We are pleased to inform that, as part of the circular debt settlement, OGDCL has received Rs 41.8 Billion from Uch Power (Private) Limited against outstanding receivables. This receipt reflects Government of Pakistan's initiative to address circular debt in 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,

Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,63,

NIC Building, Jinnah Avenue, Blue Area,

Islamabad.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END