Press Release

Rating of National Insurance Company Limited

Karachi, September 12, 2011: JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) has placed the outstanding Insurer Financial Strength (IFS) rating of National Insurance Company Limited (NICL) of ‘AA+’ (Double A Plus) under ‘Rating Watch- Developing’ status. This rating action has been taken in view of the delay in finalization of the audited financial statements for FY10 and receipt of necessary information. Since October 2010, the company has been operating without fulltime Chairman/CEO and Board of Directors.

For further information on this rating announcement, please contact Ms. Sabeen Saleem, CFA (Ext: 510) or Syed Ziauddin Ahmed (Ext: 508) at 021-35311861-70 (10 lines) or fax to 021-35311872-3.





Faheem Ahmad
President & CEO

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