HBL and MasterCard enter into Strategic Collaboration to Introduce Latest Payment Innovations in Pakistan

Dubai, United Arab Emirates (UAE), 01 September, 2014: Habib Bank Limited (HBL), Pakistan’s largest
commercial bank, and MasterCard today announced a partnership which will pave the way for the introduction
of MasterCard’s innovative payment tools in Pakistan that will provide a safe, simple and secure payment
experience to cardholders. The announcement was made during a signing ceremony held at the MasterCard’s
office in Dubai between Faiq Sadiq, Group Head – Payment Services, HBL and Raghu Malhotra, Division President
– Middle East and North Africa, MasterCard.

HBL MasterCard Press Release (final draft)-1

“We are very excited about our partnership with MasterCard,” commented Sadiq. “As Pakistan’s largest bank,
we recognize the importance of providing Pakistani’s with the latest and most secure payment options. Working
with an industry leader such as MasterCard will help us deliver on our commitment to introduce innovative
payment solutions for masses in Pakistan.”

Malhotra commented: “Pakistan is a key emerging market for MasterCard and we remain focused on driving the
adoption of electronic payment solutions in the country. HBL has been instrumental in raising awareness about
the numerous benefits of modern day payment solutions in Pakistan. We look forward to working with the Bank
to continue providing relevant and innovative solutions that meet the evolving needs of consumers.”

In a major boost for the growth of electronic payment solutions in Pakistan, HBL, under the new collaboration
will issue MasterCard payment cards including debit cards that will feature the highly-secure EMV Chip and Pin
technology, prepaid cards, premium debit and prepaid cards as well as companion cards issued by HBL Express,
the branchless banking arm of HBL.

Development of customized solutions that address the specific needs of consumers in Pakistan while also
introducing them to the latest payment technologies will be a key feature of this landmark agreement between
the two leading institutions. Furthermore, with an objective to diversify its payment solutions portfolio, HBL will also be issuing MasterCard payment solutions specifically for students and the youth.