Board Meeting

Secretary's Department

UBL/1-Quarter/BOD-178/12

13 April 2012

F A X

Dear Sirs,

BOARD MEETING OF UNITED BANK LIMITED ("UBL")

This is to inform you that 178th meeting of the Board of Directors of UBL will be held on 26 April 2012 at 11:00 a.m. (UAE Time) at Abu Dhabi, UAE to consider and approve the Quarterly Accounts of UBL for the period ended 31-03-2012 (1st Quarter Accounts).

We will communicate the financial results for the said period to the exchanges on same day from our fax numbers 021- 32411749 or 021-990332304.

The Bank has declared the "Closed Period" from 16 April 2012 to 26 April 2012 (both days inclusive) as required under Clause (xxiii) of the revised Code of Corporate Governance contained in the Listing Regulations of the Stock Exchanges. Accordingly, no Director, CEO or Executive shall, directly / indirectly, deal in / buy & sell the shares of the Company in any manner during the Closed Period.

You may please inform the members of the Exchange accordingly.

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.