RIDE THROUGH THE SESSION

140.00 170.00 Atlas Atlas Honda Interest Rates 14.00% 13.25% 13.00% 12.25% 12.00% 11.00% 10.00% 10.75% 9.00% Highest policy rate in 5 years 8.00% 7.00% Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 MACRO-ECONOMIC ENVIRONMENT Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 USD PKR 166.10 CPI Inflation 15.0% 14.6% 14.0% 12.50% 12.7% 13.0% 12.0% 11.4% 12.4% 12.6% 11% 11.0% 10.5% 11.0% 10.0% 10.2% 9% 9.0% 8.4% 18% 8.0% 8.3% 8.4% High inflationary levels 8.5% 8.0% 7.0% Jun-20 165.00 163.00 111.00 159.50 159.60 160.00 110.00 160.25 155.64 154.86 154.64 155.00 156.90 109.00 156.35 155.35 154.50 154.48 Apr-19 May-19 Jun-19 Jul-19 Apr-19 May-19 Jun-19 Jul-19 112.00 111.40 150.00 108.00 108.29 147.85 107.86 145.00 141.29 PKR depreciated by 18% against USD FX reserves: USD 14.2 billion 107.00 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 106.00 Apr-19 May-19 Aug-19 Sep-19 Oct-19 Jan-20 Nov-19 Dec-19 Feb-20 Mar-20 Apr-20 May-20 USD JPY USD depreciated by 3% against JPY 108.83 Challenging Economic Scenario worsened by COVID 19 → GDP growth of -0.4% Jun-19 Jul-19 106.26 108.08 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 107.94 107.99 108.33 107.45 107.96 107.80 107.30 109.46 108.72 Jun-20 Jun-20

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