MATCO FOODS LIMITED (MFL) Inaugurates Corn Starch Plant in Special Economic Zone Faisalabad, FIEDMC Karachi, August 29th 2022: Alhamdulillah, by the grace of Allah SWT - Matco Foods Limited (MFL) is pleased to announce the successful commissioning and commercial operations of its new 72,000 MT per year Corn Starch Plant, located in Allama Iqbal Industrial City, Special Economic Zone Faisalabad, FIEDMC. Our Corn Starch Plant has been completed in record time since ground breaking in 2021 with the dedication of all stakeholders – and we thank our shareholders, staff, equipment suppliers & technology partners, financial institutions and government bodies including FIEDMC, BOI, PBIT and FESCO on achieving this milestone. The project has created new jobs directly and indirectly, provided economic opportunities for farmers, and will earn vital foreign exchange through exports. Sharing his views on the occasion, Khalid Ghori, CEO Matco Foods Limited said, “We are humbled by the response of customers to form new partnerships and meet the ever growing demand for this versatile product, and we welcome all customers from the textile, food, paper & corrugated board, pharmaceutical, and animal nutrition industries. We are already in discussions with equipment suppliers to double our capacity to 150,000 MT per year by early 2024.” Matco Foods is well positioned to grow its corn starch business given its deep expertise in grain procurement and handling, processing excellence and customer first sales approach. This addition in Matco Foods’ portfolio perfectly complements the existing business and products. “Matco is a dedicated partner of Pakistan’s industrial vision and amongst the Top 100 Exporters from the country. We are committed to diversifying the industrial base and providing value addition for our stakeholders and for Pakistan’s economy,” said Matco Chairman, Jawed Ali Ghori. About Matco Foods Limited (MFL): Matco Foods Limited is a leading agro-processing company of South-Asia listed on the Pakistan Stock Exchange (PSX). It is dedicated to providing convenient packaged goods and quality ingredients to its customers across the world. The company’s products include basmati rice, long grain white rice, rice broken, rice bran, rice syrup, rice protein, rice Maltodextrin, Himalayan pink salt, spices, recipe mixes, rice flour, gram flour and other products. It is the only agro processing company in Pakistan in which the International Finance Corporation (IFC) (World Bank Group) has invested equity. The company exports to over 65 countries and its flagship brand “Falak” is available in over 50 countries globally. For more information, visit: www.matcofoods.com