Announcement

SE-100(5F)2012/06

February 23, 2012

Dear Sir(s)

BID REGARDING SALE OF SHARES OF KHUSHHALI BANK LIMITED (KBL)

We, MCB Bank Limited, would like to inform you that we have accepted United Bank Limited consortium's bid of Rs. 20.44/- (approximate) per share in relation to proposed sale of 17.6% shares owned by us in Khushhali Bank Limited (KBL). Consummation of such sale of shares of KBL is conditional upon certain regulatory consents and approvals. United Bank Limited consortium comprises of United Bank Limited; ASN-NOVIB Microkredietfonds; responsAbility Global Microfinance Fund; Rural Impulse Fund II S.A. SICAV-FIS; and ShoreCap II Limited.

This is for your information.

Yours Sincerely

Abdus S. Sami

Company Secretary