Bestway Cement Limited ("Bestway Cement"), a subsidiary of Bestway Group ("Bestway") has announced
assumption of management control of Lafarge Pakistan Cement Limited ("Lafarge Pakistan"). This follows
the company’s successful bid for 75.86% of Lafarge Pakistan’s shares for an enterprise value of USD 329
million in July 2014. Bestway Cement also acquired another 12.07% shares of the target company through
the public offer process taking its shareholding in Lafarge Pakistan to 87.93%.