POL (PAKISTAN OILFIELDS LTD.)

ASAD & ATELA

Introduction Of POL

Pakistan Oilfields Limited is a leading oil

and gas exploration and production

company listed on all the three stock

exchanges of Pakistan

The Company’s prime focus is to deliver

performance through excellence in the field of exploration, drilling and production of crude oil

and gas.

Key STATEMENTS• The company is incorporated in Pakistan as a Public Limited

Company.• Listed On all 3 Stock Exchanges in Pakistan; Islamabad, Lahore

& Karachi.• Company’s Registered office is situated at Morgah, Rawalpindi.• Company is principally engaged in exploration, drilling and

production of crude oil and gas.• Activities also include marketing of LPG under brand name

POLGAS and transmission of petroleum• Company is a subsidiary of the Attock Oil Company Limited, UK

and its ultimate parent is Bay View International Group S.A.

To be the leading oil and gas exploration and production Company of Pakistan with the highest proven hydrocarbon reserves and production, and which provides optimum value to all stakeholders.

“We aim to discover and develop new hydrocarbon reserves and enhance production from existing reserves

through the application of the best available technologies and expertise. In achieving our aim, we will maximize the return to our shareholders, fully protect the environment, enhance the wellbeing of our employees and contribute

to the national economy.”

Strategy

We plan to increase our current level of oil and gas production through the application

of innovative technology to obtain maximum productivity. Our long term goal is to sustain production by regularly adding

new reserves. Our ultimate goal is to maximize returns to our shareholders and provide optimum value to all stakeholders.

Establishment Of POL

Pakistan Oilfields Limited (POL), a subsidiary of The

Attock Oil Company Limited (AOC), was incorporated on

November 25, 1950. AOC was founded in 1913 and made its

first oil discovery in 1915 at Khaur, District Attock.

In 1978, POL took over the exploration and production business of AOC. Since then,

POL has been investing independently and in joint

venture with various exploration and production

companies for the search of oil and gas in the country.

Core Values

“We believe in maximizing the

return to our shareholders and

enhancing the long term profitability of

the Company through the

application of the best available

technology and expertise”

Registered Office Pakistan Oilfields Limited P.O.L. House, Morgah, Rawalpindi

Legal AdvisorKhan & ParachaAli Sibtain Fazli& Associates

Auditors & Tax advisor

A.F. Ferguson & Co.

Code of Conduct

It is the Company’s policy to conduct its operations in accordance with the highest business ethical consideration, to comply with all statutory regulations and to conform to the best accepted standards of good corporate citizenship. This policy applies to all directors and employees of the Company regardless of function, grade or standing.

Chairman International investor and industrialist financial and trading interests in Pakistan and other parts of the world. Graduate from Harvard University (MBA) Masters in Petroleum Engineering from University of Colorado and Stanford University. Chairman of Attock Oil Company Limited, National Refinery Limited, Attock Refinery Limited

Dr. Ghaith R. Pharaon

Board of Directors

Human Resource and Remuneration (HR & R) Committee

Mr. Babar BashirChairman

Mr. Shuaib A. Malik

Member

Mr. Iqbal A. Khwaja

Member

Audit Committee

Mr. Abdus Sattar

(Chairman)

Mr. Nihal Cassim

(Member)

Mr. Iqbal A. Khwaja

(Member)

Mr. Babar Bashir Nawaz

(Member)

Mr. Bilal Ahmad Khan

(Member)

Management Committees

Executive Committee

The Committee meets under the chairmanship of

the Chief Executive to coordinate the activities

and operations of the Company

Review and Appraisal

Committee

It is responsible for ensuring that procurement of assets,

goods and services is made in accordance with Company policies and procedures on

competitive and transparent terms

OTHER COMMITTEES

Risk Management

Committee

The Risk Management Committee is responsible

for ensuring that procedures to identify and continuously update risks

are in place

Budget Committee

The Budget Committee reviews and approves the annual budget

proposals prior to being presented for the approval of

the Board. The Committee also monitors utilization of the

approved budget.

Systems and Technology Committee

The Systems and Technology Committee is

responsible for developing and implementing an IT

strategy for the Company

During 2013, Company

achieved net sales of Rs 28.878

billion the highest ever sales in the

Company’s history

Info graphs of POL

Market value per share (High-Low)

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