Press Release

JCR-VIS Maintains Entity Ratings of Rozgar Microfinance Bank Limited

Karachi, April 23, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the entity ratings of Rozgar Microfinance Bank Limited (RMBL) at ‘BB+/A-3’ (Double B Plus/A-Three).

Existing shareholders of the bank are in the process of finalizing sale of entire shareholding in the bank; in view of this, ratings of the institution have been placed under ‘Rating Watch - Positive’ status. This may entail a complete overhaul of the business model of the bank, and may also entail capital injection. At present equity of the bank is below the minimum capital requirement for a district level microfinance bank.

Lending activities remained subdued in 2011 and the resource base is primarily deployed in short term government securities. Bottom line results of the bank were positive for the first time since its inception in the out-going year.

For further information on this rating announcement, please contact Mr. Jamal Abbas Zaidi (Ext: 408) or Ms. Sobia Maqbool, CFA (Ext: 510) at 35311861-70 or fax to 35311873.

Javed Callea

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited VIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings.VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2012 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.

JCR-VIS Credit Rating Company Limited