BIFC Corporate Disclosure — 25 July 2017

(Continuation news of BIFC): securities documents etc. for verification. 4. Taxation: Deferred Tax: The company did not calculate the deferred tax on revaluation reserve as per BAS 12 "Income Tax" Paragraph 15 and 20. Asset revaluation reserve came to Taka 403,425,667.00. As a result, profit and loss account and Net Asset Value (NAV) was not reflected transparently. 5. Deficit of Cash Reserve Requirement (CRR): Required CRR was not maintained at the rate of 2.5% on bi-weekly average (cont. 5)