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Lotte Pakistan PTA Limited’s board meeting

Karachi: We wish to inform you that a meeting of the Board of Directors of Lotte Pakistan PTA Limited (LOTPTA) will be held in Karachi, on Wednesday, 26 October 2011 at 11:00 a.m. to consider the un-audited financial statements of the Company for the Third quarter and nine months ended 30 September 2011.

Code of Corporate Governance – Disclosure of Interest

Pursuant to Clause XXVI of the Code of Corporate Governance dated 28 March 2002 issued by the Securities and Exchange Commission of Pakistan and adopted by the Karachi Stock Exchange (G) Limited vide its Notice dated 9 May 2002 as part of the Listing Regulations, the Company hereby announces the period from 20 October 2011 to 26 October 2011 (both days inclusive) as “closed period” during which Directors, Chief Executive Officer, Chief Financial Officer and Company Secretary and other Executives of the Company including their spouse and minor children are prohibited, whether directly or indirectly, from dealing in the shares of the Company.

The aforesaid clause further requires the above individuals to keep the Company Secretary informed of any sale/purchase in the shares of the Company Lotte Pakistan PTA Limited at any time during the year.

An extract from the aforesaid Code of Corporate Governance is attached for your perusal.

Disclosure of Interest

Where any director, CEO or executive of a listed company or their spouse sell, buy or take any position, whether directly or indirectly, n shares of the listed company of which he is a director, CEO or executive, as the case may be, he shall immediately notify in writing the Company Secretary of his intentions. Such director, CEO or executive, as the case may be, shall also deliver a written record of the price, number of shares, form of share certificates (i.e. whether physical or electronic within the Central Depository System) and nature of transaction to the Company Secretary within four days of effecting the transaction. The notice of the director, CEO or executive, as the case may be, shall be presented by the Company Secretary at the meeting of the Board of Directors immediately subsequent to such transaction. In the event of default by a director, CEO or executive to give a written notice or deliver a written record, the Company Secretary shall place the matter before the Board of Directors in its immediate next meeting:

Provided that each listed company shall determine a closed period prior to the announcement of interim/final results and any business decision which may materially affect the market price of its shares. No director, CEO or executive shall, directly o indirectly, deal in the shares of the listed company in any manner during the closed period’.

Explanation: For the purpose of this clause, the expression “executive” means an employee of a listed company other than the CEO and directors whose basic salary exceeds five hundred thousand rupees in a financial year.

For more information, contact:
Ali Aamir, FCA
Chief Financial Officer and Company Secretary
Lotte Pakistan PTA Limited
EZ/1 -P-4, Eastern Industrial Zone,
Port Qasim, P.O. Box 723,
Karachi – 74200, Pakistan
UAN: +92 021 111 782 111
Direct Line: +92 021 3472 6043
E-mail: Ali.aamir@lotte.com
Website: www.lotte-ppta.com

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