Sui Northern Gas Pipelines : DISCLOSURE OF MATERIAL INFORMATION

CA/PSX/1781	Thru: PUCARS / Courier	September 30, 2022
The General Manager,	The Executive Director/HOD,
Pakistan Stock Exchange Limited (PSX), Offsite-II Department, Supervision Division.
Stock Exchange Building,	Securities and Exchange Commission of Pakistan
Stock Exchange Road,	63, NIC Building, Jinnah Avenue, Blue Area,
KARACHI.	ISLAMABAD.

DISCLOSURE OF MATERIAL INFORMATION

Dear Sir,

In accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, we hereby convey the following information:

In view of potential gas shortfall in the forthcoming winter, the Ministry of Energy (Petroleum Division) has advised to explore all possible options to meet energy needs of consumers, including supplying LPG cylinders. Accordingly, the Board of Directors of SNGPL in their meeting dated September 28, 2022, has approved the project of LPG distribution with 100,000 Cylinders. The estimated initial investment for the venture is up to Rs 1,200 million. The return on investment is not subject to present ROA regime and will be determined as per market dynamics.

You may please inform the TRE Certificate Holders of the Exchange accordingly.

Yours sincerely,

SUI NORTHERN GAS PIPELINES LIMITED

(IMTIAZ MEHMOOD)

Company Secretary

Ph: 042-99201338

Fax: [phone]