Be Energy Limited is pleased to announce signing of a long-term Trademark License Agreement with Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, marking the return of the Caltex brand to retail fuels sector in Pakistan. Chevron has appointed Be Energy as Chevron’s licensee of the Caltex brand to sell, market, and distribute fuel in Pakistan. The joint announcement by Be Energy and Chevron is annexed with this letter. As you are aware, Chevron already operates in the country through its subsidiary, Chevron Pakistan Lubricants (Private) Limited, which is headquartered in Karachi. This Trade Mark License Agreement will allow rebranding of selected Be Energy Retail Outlets and selected new future Retail Outlets into Caltex-branded retail fuel and service station across Pakistan, adding value to BE’s existing network by offering high quality products and related services, . This will also bring high standard services to the end consumers and promote healthy competition among other marketing brands. Be Energy values customer relations and constantly strives to evolve “towards better energy.” With strategically developed retail network and expertise in the market, we believe this partnership shall prove a success by bringing value for the end consumer’s expectations through high standard services. We also look forward to a long and healthy business journey with Chevron.