Karachi, May 17, 2013 (PPI-OT): We wish to inform you that Board in its meeting held on May 15, 2013 has accepted the resignation of Mr. M. R. Mehkari, President and CE of Askari Bank Limited (AKBL).

He will be released after obtaining clearance in terms of Prudential Regulations G- 1, Para 12 from State Bank of Pakistan. Subsequently upon his release Mr. Tahir Aziz, SEVP 0r Askari Bank Limited would take over as Acting President and CE of the Bank subject to the clearance from the State Bank of Pakistan.

This is for your information and perusal.

For more information, contact:
M.A. Ghazali Marghoob
Company Secretary
Askari Bank Limited
AWT Plaza, The Mall, P.O. Box 1084,
Rawalpindi-Pakistan,
PABX: + 92 51 972150-3, 9063000
Fax: + 92 51 9272445- 927245