Utd.bk (regs) Regulatory News (UBLS)

Secretary's Department

UBL/Conversion GDR/13

06 December 2013

F A X

Dear Sirs,

Disclosure

Please find attached a copy of letter No. DG/GCFO/124/13 dated 05 December 2013 received from Dhabi Group, the contents of which are self explanatory.

This is for your information please.

Yours faithfully,

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

C.C. to 1. London Stock Exchange, London, UK.

2. Citibank, N.A. Karachi Branch, Custodian of UBL, GDRs.

3. Director, Banking Policy and Regulation Department, State Bank of Pakistan.

DHABI GROUP

Reference No. DG/GCFO/124/13 5 December 2013

United Bank Limited

Head Office

8th Floor, State Life Building No. 1

I.I. Chundrigar Road

Karachi

Pakistan

Attention: Mr. Aqeel A. Nasir, Company Secretary & Chief Legal Counsel

Re: Conversion of Ordinary shares of United Bank Limited (UBL) into Global Depository Receipts (GDRs)

Dear Sirs,

On behalf of His Highness Sheikh Nahayan Mabarak Al Nahayan (His Highness), I write to inform you that on December 2, 2013 His Highness has converted 67,329,864 ordinary shares of UBL into 16,832,466 GDRs.

This is for your information and record.

Sincerely,

sd/-

R.K. Mehta

Group Chief Financial Officer

P.O.Box 44222, Abu Dhabi, United Arab Emirates Tel: +971 2 8131700, Fax : +997 2 6266430