~PRODUCTS CO LTOCorporate Headquarters & Registered OfficeRakh Canal East floadFaisalabad - 38860 - PakistanTel: J.92 41 8540121-23 ,Fax: +92 41 8711016, 8502197

Rafhan Maize Products Co. Ltd.,Rakh Canal East Road, Faisalabad.

ELECTION OF DIRECTORS

Members are hereby notified that pursuant to Section 159(3) of the Companies Act 2017, thefollowing lady/gentlemen have filed with the Company notices of their intention to offerthemselves for election as Directors at the General Meeting (Extraordinary) of the Companyscheduled to be held on 7th September, 2018 at 10:00 a.m. at the Kehkashan Hall, Serena Hotel,Faisalabad -

I.2.3.4.5.6.

Mr. Pierre Perez y LandazuriMr. Usman QayyumMr. James D. GrayMs. Christine M. CastellanoMr. Marcel HergettMr. Zulfikar Mannoo

7.8.9.10.II.

Mr. M. Adil MannooMr. Wisal A. MannooMr. Muhammad AsdafMr. Tahir JawaidMr. Tabish Gauhar

Since the number of persons who have offered themselves to be elected is not more than thenumber of Directors fixed under sub-section (I) of the Section 159 of the Companies Act 2017,the above named persons shall be deemed to be elected at the forthcoming General Meeting(Extraordinary).

Addendum to Notice of Meeting

Further to our Notice of General Meeting (Extraordinary) published in Newspapers (Daily BusinessRecorder and Nawa-e-Waqt) on August 17, 2018, following Special Business is being added:

Special Business

I. To consider and pass with or without modification the following resolution as a specialresolution for amending first sentence of Article 50 of the Articles of Association of theCompany:

"The remuneration of a Non-Executive Director other than the regularly paid ChiefExecutive and fulltime working Directors for attending meetings of the Board ofDirectors, its Committees and Shareholders General Meetings shall b.e Rs.1 0,000/- andof Independent Directors shall be Rs.250,OOO/- for each Meeting of Board of Directorsand Rs.200,OOO for attending Board's Committees Meetings and Shareholders GeneralMeetings."

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.•.,...---•••••••Regional Office: 1st Floor, Finlay House, LL Chundrigar Road, Karachi-74000 - Pakistan. Tel +922132410848,32427731 Fax: +92 2132428651

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STATEMENT OF MATERIAL FACTS UNDER SECTION 134(3) OF THECOMPANIES ACT, 2017 IN RESPECT OF SPECIAL BUSINESS:

In view of increased responsibilities of an Independent Director as per Companies Act 2017, and Listed) Companies (Code of Corporate Governance) Regulations, 2017, to attract IndependentDirectors and making it justified as compared to other national and multinational companies, ithas been- decided by the Board through Resolution by Circulation to increase the fee of Non-Executive Independent Directors to Rs.2S0,OOOI- for each meeting of Board of Directors attended bythem and Rs.200,OOOI- for attending Board's Committees Meetings and Shareholders GeneralMeetings.

In order to bring this change into effect, above resolution will also be passedwith or without modificationat the EGM.

By order of the Board of Directors

C y SecretaryManager Corporate Affairs

FaisalabadAugust 3 I , 2018

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