Oil&gas Regs Regulatory News (OGDC)

No. CS-04-08 (PSX/LSE)

February 17, 2017

Subject: Financial Results for the quarter ended December 31, 2016

Dear Sir,

We are pleased to inform you that the Board of Directors of our Company in their meeting held on Friday, February 17, 2017 at Islamabad, have approved as follows:

CASH DIVIDEND

An Interim cash dividend for the quarter ended December 31, 2016 @ Rs 1 per share i.e. 10 percent. This is in addition to Interim Dividend already paid @ Rs 1.50 per share i.e. 15 percent.

The above entitlement will be paid to the shareholders whose names will appearin the Register of Members on Tuesday, March 14, 2017. The Share Transfer Booksof the Company will be closed from Wednesday, March 15, 2017 to Tuesday, March 21, 2017 (both days inclusive). Transfers received at the Share Registrar Department, Central Depository Company of Pakistan Limited, CDC House, 99-B, Block 'B', S.M.C.H.S., Main Shahrah-e-Faisal, Karachi-74400 at the close of business on Tuesday, March 14, 2017 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 and III respectively.

We will be sending you the required number of copies of Accounts for distribution amongst the members of the exchange.

Yours sincerely,

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

Company Secretaryhttp://www.rns-pdf.londonstockexchange.com/rns/1890X_-2017-2-17.pdf