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1 TABLE OF. 1| Company Information CONTENT 3| Company Profile 5| Directors' Review UNCONSOLIDATED. FINANCIAL INFORMATION. 9| Independent Auditors' Report to the Members 10| Condensed Interim Unconsolidated Balance Sheet 11| Condensed Interim Unconsolidated Profit and Loss Account (Unaudited). 12| Condensed Interim Unconsolidated Statement of Comprehensive Income (Unaudited). 13| Condensed Interim Unconsolidated Cash Flow Statement (Unaudited). 14| Condensed Interim Unconsolidated Statement of Changes in Equity (Unaudited). 15| Notes to the Condensed Interim Unconsolidated Financial Information (Unaudited). CONSOLIDATED. FINANCIAL INFORMATION. 33| Condensed Interim Consolidated Balance Sheet 34| Condensed Interim Consolidated Profit and Loss Account (Unaudited). 35| Condensed Interim Consolidated Statement of Comprehensive Income (Unaudited).

2 36| Condensed Interim Consolidated Cash Flow Statement (Unaudited). 37| Condensed Interim Consolidated Statement of Changes in Equity (Unaudited). 38| Notes to the Condensed Interim Consolidated Financial Information (Unaudited). 63|. COMPANY INFORMATION. BOARD OF DIRECTORS Ehtishamullah Iqbal Zafar Siddiqui 2008*. Member, Non-Executive Director Head of Supply Chain and CEO. Ahmad Waqar Crescent Hadeed (Private) Limited Chairman, Non-Executive Director Syed Zahid Hussain (Independent) Member, Non-Executive Director Mushtaque Ahmed 1985*. (Independent) Head of Manufacturing Steel Ahsan M. Saleem Division Chief Executive Officer and Managing Director GOVERNANCE AND. EVALUATION COMMITTEE HEAD OF INTERNAL AUDIT. Farrukh V. Junaidy Non-Executive Director (Independent) Ahmad Waqar Muhammad Saood - 2017*.

3 NIT Nominee Chairman, Non-Executive Director (Independent) AUDITORS. Nasir Shafi Non-Executive Director Ahsan M. Saleem EXTERNAL AUDITORS. Member, Chief Executive Officer Ehtishamullah KPMG Taseer Hadi & Co. Non-Executive Director Zahid Bashir Chartered Accountants Member, Non-Executive Director Syed Zahid Hussain Non-Executive Director (Independent) INTERNAL AUDITORS. MANAGEMENT TEAM. Zahid Bashir BDO Ebrahim & Co Non-Executive Director Ahsan M. Saleem 1983* Chartered Accountants Chief Executive Officer and Managing COMPANY SECRETARY Director LEGAL ADVISOR. Mohammad Fahad Muhammad SaadThaniana 2007* Hassan and Hassan, Advocates, Chief Financial Officer and CEO Lahore AUDIT COMMITTEE Shakarganj Energy (Private) Limited Brohi & Co., Advocates, and Solution De Energy (Private) Karachi Syed Zahid Hussain Limited Chairman, Non-Executive Director BANKERS.

4 (Independent) Abdul Rouf 2000*. BU Head Cotton Division CONVENTIONAL. Farrukh V. Junaidy Member, Non-Executive Director Arif Raza 1985* Allied Bank Limited (Independent) BU Head Steel Division Habib Bank Limited Habib Metropolitan Bank Limited Nasir Shafi Ehsan Durrani 2008*. Industrial and Commercial Bank Member, Non-Executive Director Human Resource Advisor of China Ehtishamullah Hajerah A. Saleem 2012* MCB Bank Limited Member, Non-Executive Director BU Head - Investments and National Bank of Pakistan Infrastructure Development Division Sindh Bank Limited and Head of Corporate Affairs and Summit Bank Limited HUMAN RESOURCE AND CEO CS Capital (Private) Limited REMUNERATION COMMITTEE SHARIAH COMPLIANT. Hasan Altaf Saleem 2010*. Zahid Bashir Resident Director and Al-Baraka Bank Pakistan Limited Chairman, Non-Executive Director COO Crescent Hadeed (Private) BankIslami Pakistan Limited Limited Dubai Islamic Bank Pakistan Nasir Shafi Limited Member, Non-Executive Director Iqbal Abdulla 2014*.

5 IT Advisor * Year of joining Disclaimer: Other than the position of Chairman and CEO, listings are in alphabetical order. 1. CRESCENT HADEED (PRIVATE) LIMITED M/s CorpTec Associates (Private). SUBSIDIARIES*. Limited, 503-E Johar Town, Crescent Hadeed (Private) 59 Kilometer, Jhang Sargodha Lahore. Limited Road, Bhone, District Jhang Tel: +92 42 3517 0336-37. CS Capital (Private) Limited Tel: +92 48 6889 210 12 Fax: +92 42 3517 0338. Shakarganj Energy (Private) Email: Email: Limited Solution de Energy (Private) CORPORATE. Limited COTTON DIVISION WEBSITE. CRESCENT COTTON PRODUCTS To visit our website, go to REGISTERED OFFICE. 1st Mile, Lahore Road, www. scan E-Floor, IT Tower, 73-E/1, Hali Jaranwala, District Faisalabad. QR code Road, Gulberg-III, Lahore. Tel: +92 41 4318 061-65. Tel: +92 42 3578 3801-03 Fax: +92 41 4318 066.

6 Fax: +92 42 3578 3811 Email: LIAISON OFFICE LAHORE. E-Floor, IT Tower, 73-E/1, Hali POWER PLANT. For condensed Interim Report Road, Gulberg-III, Lahore. SHAKARGANJ ENERGY (PRIVATE) for the six months period Tel: +92 42 3578 3801-03 LIMITED ended 31 December 2017, go Fax: +92 42 3578 3811. 57 Kilometer, Jhang Sargodha to Email: Road, Bhone, District Jhang. Tel: +92 48 6889 210 12 wp-content/uploads/2017/12/. or scan PRINCIPAL OFFICE. PUBLIC INFORMATION Qr code 9th Floor, Sidco Avenue Centre, 264 Lines, Karachi-74200. Financial analysts, stock brokers, Tel: +92 21 3567 4881-85 interested investors and financial Fax: +92 21 3568 0476 media desiring information Email: regarding the Company contact PRODUCTION SITES Mr. Mohammad Fahad Manager Accounts STEEL DIVISION. 9th Floor, Sidco Avenue Centre, PIPE AND COATING PLANTS 264 Lines, Karachi-74200.

7 A/25, , Nooriabad, District Tel: +92 21 3567 4881-85. Jamshoro, Sindh-73090. @crescen Tel: +92 25 4670 020-22 +92 25 4670 055. Email: SHARE REGISTRAR. ENQUIRIES CONCERNING. ENGINEERING UNIT lost share certificates, dividend (Shakarganj Engineering) payments, change of address, 17 Kilometer Summundri Road, verification of transfer deeds Dalowal, District Faisalabad, and share transfers should be Punjab. directed to Company's Share Tel : +92 41 2569 825-26 Registrar. Fax: +92 41 2679 825. * Registered Office and Principal Office are same as holding co mpany 2. COMPANY PROFILE. Crescent Steel and Allied Petroleum Institute (API) the of machinery at par with Products Limited is a highest international standard international standards and conglomerate listed on the accredited for quality of steel designs, especially for sugar Pakistan Stock Exchange as line pipe in the Oil and Gas and cement industry.

8 The unit CSAP'. Starting commercial Sector and also continues to has a wide product fabrication operations with a line pipe retain the ISO 9001 certification. capability and specializes in manufacturing facility in March the manufacture and supply 1987, today the company The Coating Plant is capable of of cane shredders, juice operates businesses in applying various flow efficient heaters, evaporators, batch four industry segments and corrosion protection and continuous vacuum pans, engineering, textiles, capital coatings such as Multilayer centrifugal machines, stainless markets and power spread Polyolefin and Polypropylene steel spray clusters and multi-jet over six campuses in Pakistan. coatings, Single Layer Fusion condensers, perforated plates The Company operates three Bonded Epoxy coatings, Liquid and vibrio screens, and high divisions and four wholly Epoxy coatings and High voltage transformer tanks.

9 Owned subsidiaries (directly Temperature Heat Shrink Tape and indirectly). coatings on steel pipes ranging The unit has recently developed from 4 60 (114 mm 1,524 the capability to fabricate and STEEL DIVISION SPIRAL mm), tape coatings on pipe erect machinery used in the PIPE PRODUCTION LINE, diameter above 60 (1,524 mm) secondary steel sector and has PIPE COATINGS AND and internal epoxy coatings on supplied partial fabrication for FABRICATION diameters ranging from 8 60 a Continuous Caster Machine, (219 mm 1,524 mm). girders for overhead cranes The Company's Steel Division and a vibro feeder to the fully operates two Helical Seam Crescent Steel is a serious and owned subsidiary Crescent Submerged Arc Welded Steel responsible local line pipe Hadeed (Private) Limited. Pipe manufacturing lines and manufacturer that continues to an external coating application serve as a partner in important COTTON DIVISION COTTON.

10 Line at Nooriabad and, a national energy projects with YARN SPINNING UNIT. fabrication facility - Shakarganj demonstrated commitment in Engineering - in Dalowal, The Cotton Division comprises terms of quality, experience, Faisalabad. of one spinning unit with financial strength and technical 19,680 spindles and is located expertise. Over the course of The Pipe Plant manufactures in Jaranwala. The unit operating the last 30 years the Company high quality steel pipes in the as 'Crescent Cotton Products''. has supplied 3,430 Km, 30%. diameter range of 8 120 (CCP), has a daily production of the national transmission (219 mm 3,048 mm) in wall capacity of 385 Bags of high network of 11,370 Km and is thickness from 4 mm 25 quality cotton/synthetic carded the sole operational line pipe mm up to lengths of 40 feet yarn, in counts ranging from manufacturer in the high end per pipe and material grades 10s to 31s.