FORWARD LOOKING STATEMENT

Our approach to create shared value for our stakeholders over different time horizons requires effective management of our capitals on which we depend and use for running our business. We are determined to refine the value creation process as we move forward to reduce impairment of our capitals, enhance our capital stocks by effective management of our operations, and increase the value creation ability of our Company. This year, we defined goals for some of our most material topics which will help us in efficient management of our material impacts and playing our role in sustainable development.

Economic stability is vital for creating and sharing value over different time horizons. Pricing pressure, higher cost absorption, decreasing gas pressures due to diminishing gas reservoirs of Mari Petroleum Limited, low agricultural growth along with changing climate patterns affecting crops production patterns will remain challenges for our growth. However, predicating forecasted increase in global fertilizer prices and demand of fertilizers, we are confident of achieving future targets. We are also exploring use of alternate fuel options for our sustained operations along with prospects of exporting surplus urea in liaison with Government, which will not only result in selling the surplus quantities but also strengthen the foreign exchange reserves of the country. The progress at our offshore fertilizer initiative is satisfactory and we are exploring and analyzing the opportunities under CPEC projects. We are committed to improve the way we work, reduce our costs, strive to be more professional, efficient and profitable to deliver sustained returns to our shareholders in a well-diversified manner.

Efficient natural capital management helps us to reduce our environmental footprint. We are committed to manage our footprint through continuous upgrades and investments in cleaner technologies at our plants. Moreover, introduction of environmental goals this year will help to effectively track progress, manage impacts and reduce the footprint.

Human capital is an important element of our value creation process. To better manage our precious capital, we are committed to have high quality diversified workforce, manage our human capital through trainings and education to cultivate a culture of belonging by encouragement, support and reward. We commit to abide by all human rights laws, regulations, and voluntary commitments for better human capital management. Provision of competitive wages and benefits, decent and productive place to work, and trainings, will remain our priority.

In line with our tradition of excellence in corporate governance, we aim to embrace the best corporate governance practices in addition to compliance with applicable laws/codes to bring transparency and accountability towards our stakeholders. We commit to continue stakeholder engagement on issues of interest to stakeholders and company including engagement for our Annual Sustainability Report to get valuable insights.

Farmers’ prosperity is not only important for us but also helps in improving quality of life for larger community. We are committed to expand our outreach program for capacity building on efficient farming, introduction/demonstration of new farming techniques, farm mechanization, and balanced fertilizer use, which will result in poverty alleviation and bring socio-economic stability in the farming community. Plant site communities are companions in our growth and we aim to continue to carry out intervention in defined fields in line with our CSR policy and support socio-economic development around plant sites.