Press Release

JCR-VIS suspends Insurer Financial Strength Rating of The Pakistan General Insurance Company Limited

Karachi, January 10, 2018: JCR-VIS Credit Rating Company Limited (JCR-VIS) has suspended the Insurer Financial Strength rating of 'A-' (Single A Minus) assigned to The Pakistan General Insurance Company Limited (PGI) with immediate effect. Despite repeated requests, PGI has not provided information required to complete the rating process. The rating will be updated upon receiving of the said information. Previous rating action was announced on December 30, 2016.

For further information on this rating announcement, please contact the undersigned at 021-35311861-70 or fax to 021-35311872.

Jamal Abbas Zaidi

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited VIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.VIS is not an NRSRO and its credit ratings are not NRSRO credit ratings.VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2018 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.

JCR-VIS Credit Rating Company Limited