Jubilee Life Insurance: Board Approves 50% Bonus Shares and 30% Cash Dividend; Instructions for e-Dividend and Bank Mandate

Issuer: Jubilee Life Insurance Company Limited. This is an official corporate announcement of the Board of Directors approving a distribution to shareholders consisting of bonus shares and a cash dividend. The Company instructs shareholders on e-Dividend registration, updating bank mandate (IBAN) and CNIC details, and CDC e-Services procedures required to receive dividend payments.

Entitlement (as approved by the Board)

Key instructions for shareholders

- Shareholders holding shares in CDC accounts will receive payments through CDC; ensure your bank account IBAN and CNIC are on record with CDC to receive e‑dividend directly into your bank account.

- A Bank Mandate Form (for IBAN and CNIC update) is available on the Company website at: https://www.jubileelife.com/wp-content/uploads/2023/08/Bank-Mandate-Form.pdf. Physical shareholders should submit required documents (signed mandate, copy of CNIC, and IBAN) as instructed.

- CDC e-Services can be used to update or verify shareholder details; details and services are available via CDC’s portal: https://csp.cdcaccess.com.pk.

Tax withholding

- Dividend payments will be subject to applicable withholding tax as per Federal Board of Revenue rules: reduced rate for filers and higher rate for non-filers (standard practice noted: filers and non-filers taxed at different rates such as 15% and 30% respectively).

Other notes

- Shareholders who hold physical shares are advised to regularize their particulars (IBAN, CNIC) with CDC or submit the bank mandate form so that payments can be processed without delay.

- For further instructions and to access the bank mandate form, visit the Company website or contact Jubilee Life using the published numbers/website.

Announcement date (publication): 2026-11-21