BDWELDING Corporate Disclosure — 12 May 2014

(Continuation of news of BDWELDING): The raw materials amounting to Tk. 13, 536,902/- inherited from GOB in 1983 in non-existent as claim to GOB was turn down as the factory was sold "as it is where it is basis." The inventories (Raw materials and other items) damaged by flood in 2000 valued Tk. 29,098,090/- are not useable and lying in the go-down as obsolete. A suit is pending at High Court against the claim. However, nothing has been written off in these financial statements under these heads for which inventories and value thereof do not conform to the requirement of BAS-2." (End)