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Memorandum

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THE COMPANIES ORDINANCE, 1984

COMPANY LIMITED BY SHARES

MEMORANDUM 0F ASSOCIATION OF

XYZ BANK LIMITED

I. The name of the company is XYZ BANK LIMITED.

II. The Registered Office of the Bank will be situated in the Province of Punjab.

III. The objects for which the Bank is established are to undertake any or all of the following business in or outside Pakistan:

1. To carry on the business of a "banking company" as defined by the Banking Companies Ordinance, 1962;

2. The borrowing, raising or taking up of money.

3. The lending or advancing of money either upon or without security.

4. The drawing, making, accepting, discounting, buying, selling, collecting and dealing in bills of exchange, hundies, promissory notes, coupons, drafts, bills of lading, railway receipts, warrants, debentures, certificates, scrips, participation term certificates, term fmance certificates, musharika certificates, modaraba certificates and such other instruments as may be approved by the State Bank of Pakistan and other instruments and securities whether transferable or negotiable or not.

5. The granting and issuing of letters of credit, travelers' cheques and circular notes.

6. The buying, selling and dealing in bullion and species.

7. The buying and selling of foreign exchange including foreign bank notes.

8. The acquiring, holding, issuing on commission, underwriting and dealing in stock, funds, shares, debentures, debenture stock, bonds, obligations, securities, participation term certificates, term finance certificates, musharika certificates, modaraba certificates and such other instruments as may be approved by the State Bank of Pakistan and investments of all kinds.

9. The purchasing and selling of bonds, scrips or other forms of securities, participation term certificates, term finance certificates, musharika

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