ADNTEL Corporate Disclosure — 28 January 2021

The Company has informed that Board of Directors has decided to invest by way of subscribing the Memorandum of Association and Articles of Association of 'ADN DigiNet Limited' (to be incorporated) for its 40% initial paid up capital i.e., 20,000 shares @ Tk. 100.00 each amounting to Tk. 2,000,000.00 subject to completion of all regulatory formalities. The initial paid-up capital of the proposed Company will be Tk.5,000,000.00 and its nature of business will be IT and IT Enabled Services.