Oil&gas Regs Regulatory News (OGDC)

No. CS04-08 (KSE / LSE / ISE)

October 23, 2012

Subject: Financial Results for the quarter ended September 30, 2012

Dear Sir,

We are pleased to inform you that the Board of Directors of our Company in their meeting held on October 23, 2012 at 0930 Hours at Islamabad, have approved as follows:

CASH DIVIDEND

First Interim cash dividend for the year 2012-13 on the basis of accounts for the period ended September 30, 2012 @ Rs 1.75 per share i.e. 17.5 percent.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on Wednesday, December 12, 2012. The Share Transfer Books of the Company will be closed from Thursday, December 13, 2012 to Thursday, December 20, 2012 (both days inclusive). Transfers received at the Share Registrar Office, Noble Computers Services (Pvt.) Limited, First Floor, House of Habib Building (Siddiqsons Tower), 3-Jinnah Cooperative Housing Society, Main Shahrah-e-Faisal, Karachi-75350 at the close of business on December 12, 2012 will be treated in time for the purpose of above entitlement to the transferees.

The financial results of the Company are enclosed as Annex-I. Further summaries of OGDCL Accounts & Notes to Accounts and Highlights of the Company's performance are enclosed as Annex-II & III respectively.

We will be sending you 300 copies of Accounts for distribution amongst the members of the Exchange.

Yours sincerely,

Encl: (Annex - I to III) (Ahmed Hayat Lak)

Company Secretary