Material Information of The Hub Power Company Limited.

Karachi -- The Hub Power Company Limited informed Pakistan Stock Exchange that Prim International Oil and Gas Company Limited (Prime), a 50-50 joint venture between Hub Power Holding Limited (a fully owned subsidiary of the company) and the Eni's Employee Buy-out Group, entered into four Sale Purchase Agreements with Eni International B.V., Eni Oil Holdings B.V., Eni UK Limited and Eni ULX Limited for the purpose of acquiring Eni's Business in Pakistan.

The announcement is available at:

https://dps.psx.com.pk/download/document/197983.pdf

The Hub Power Company Limited was incorporated in Pakistan on August 1, 1991 as a public limited company. The principal activities of the Company are to develop, own, operate and maintain power stations. The Company owns an oil-fired power station of 1,200 MW in Baluchistan (Hub plant). Narowal Plant is also an RFO-fired, engine based, combined cycle power station, located at Mouza Poong, Narowal in Punjab.

The...