Lalpir Power Book Building And Innitial Public Offer For Sales Of Shares

ADVICE FOR INVESTORS

INVESTORS ARE STRONGLY ADVISED IN THEIR OWN INTEREST TO CAREFULLY READ THE CONTENTS OF THIS OFFER FOR SALE DOCUMENT, ESPECIALLY THE RISK FACTORS GIVEN AT PARA 5.7 BEFORE MAKING ANY INVESTMENT DECISION.

SUBMISSION OF FICTITIOUS AND MULTIPLE APPLICATIONS (MORE THAN ONE APPLICATIONS BY SAME PERSON) IS PROHIBITED AND SUCH APPLICATION MONEY IS LIABLE TO CONFISCATION UNDER SECTION 18A OF THE SECURITIES AND EXCHANGE ORDINANCE, 1969.

ADVICE FOR INSTITUTIONAL INVESTORS AND HIGH NETWORTH INDIVIDUAL INVESTORS

A SINGLE INVESTOR CANNOT SUBMIT MORE THAN ONE BIDDING APPLICATION EXCEPT IN THE CASE OF REVISION OF BID. IF AN INVESTOR SUBMITS MORE THAN ONE BIDDING APPLICATION THEN ALL SUCH APPLICATIONS SHALL BE SUBJECT TO REJECTION.

PRELIMINARY OFFER FOR SALE DOCUMENT

Lalpir Power Limited

Offer for Sale of Shares

THIS OFFER CONSISTS OF 37,984,000 ORDINARY SHARES (10% OF THE TOTAL PAID UP SHARE CAPITAL OF LALPIR POWER LIMITED) AT AN OFFER PRICE OF PKR 15 PER SHARE (INCLUSIVE OF A PREMIUM OF PKR 5 PER SHARE) WITH A GREEN SHOE OPTION OF UP TO AN ADDITIONAL 18,992,000 ORDINARY SHARES (5% OF THE TOTAL PAID UP SHARE CAPITAL OF LALPIR POWER LIMITED) TO GENERAL PUBLIC IN CASE OF OVER SUBSCRIPTION OF THE GENERAL PUBLIC PORTION AT AN OFFER PRICE OF PKR __ PER SHARE

Book Building Portion of the Offer comprises of 28,488,000 Ordinary Shares (75% of the Total Offer) at a floor price of PKR 15 per share (inclusive of a premium of PkR5 per share)

General Public Portion of the Offer comprises of 9,496,000 Ordinary Shares (25% of the Total Offer) at an offer price of PKR[*] per share

THIS IS NOT A PROSPECTUS BY LALPIR POWER LIMITED, BUT AN OFFER FOR SALE BY MIAN HASSAN MANSHA, NISHAT MILLS LTD, ADAMJEE INSURANCE CO LTD, SECURITY GENERAL INSURANCE CO LTD, STANHOPE INVESTMENTS & ENGEN (PVT) LTD, …..,THE SPONSORS OF LALPIR POWER LIMITED, OUT OF THEIR EXISTING SHAREHOLDINGS IN LALPIR POWER LIMITED

BIDDING PERIOD DATES: From June 18, 2013 to June 19, 2013

(Both days inclusive) From 9:00 a.m. to 5:00 p.m.

DATE OF PUBLIC SUBSCRIPTION: From DD/MM, 2013 to DD/MM, 2013

(Both days inclusive) During Banking Hours

JOINT LEAD MANAGERS, ARRANGERS & JOINT BOOK RUNNERS:

 AKD SECURITIES LIMITED - NEXT CAPITAL LIMITED

Application Forms and Prospectus

·         Lalpir Offer For Sale

·         Bid Revision Form

·         Duplicate Bidders

·         Instructions For Bidding

·         Bid Form