Press Release

Entity Ratings of Sindh Leasing Company Limited

Karachi, June 21, 2019: VIS Credit Rating Company Limited (VIS) has placed the entity ratings of Sindh Leasing Company Limited (SLCL) under ‘Rating Watch Developing’ status in view of the impending merger with Sindh Bank Limited (SBL). SLCL currently has entity ratings of ‘A+/A-1’ (Single A Plus/A-One). Previous rating action was announced on May 28, 2018.

For further information on this rating announcement, please contact undersigned (Ext: 201) or Ms. Muniba Khan (Ext: 215) at 35311861-70 or fax to 35311872-3.

Javed Callea

Applicable Rating Criteria: Non-Bank Financial Companies (October 2017)

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 2019 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .

VIS Credit Rating Company Limited