AFTABAUTO AGM Disclosure — 24 December 2014

The Company has sent notice of its 34th AGM to DSE from which it has been revealed that the Company will transact the following 'Other Business' in the forthcoming 34th AGM scheduled to be held on December 24, 2014: 1) to adopt divestment of Navana Furniture Limited and Navana Paints Limited at Net Asset Value Tk. 28,64,59,719 and Tk. 11,40,88,261 respectively, and 2) to consider transfer of around 86.46 Kathas of leasehold land from Aftab Automobiles Limited to its wholly-owned subsidiary, Navana Batteries Limited for a total consideration (including costs of registration) at Tk. 10,22,57,971.