Press Release

JCR-VIS Withdraws the Insurer Financial Strength (IFS) Rating of East West Insurance Company Limited

Karachi, May 8, 2012: JCR-VIS Credit Rating Company Limited has withdrawn the Insurer Financial Strength (IFS) rating of ‘BBB+’ (Triple B Plus) assigned to East West Insurance Company Limited as per company’s decision not to pursue further renewal of the rating contract.

For further information on this rating announcement, please contact the undersigned (Ext: 508) or Ms. Sobia Maqbool, CFA (Ext: 506) at 021-35311861-70 or fax to 021-35311873.



Syed Ziauddin Ahmed
Advisor

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright May 08, 2012 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.