CVOPRL Corporate Disclosure — 18 March 2014

The Company has informed that in pursuance of the NOC dated October 03, 2011 accorded by the Energy & Mineral Resources Division under the Ministry of Power Energy & Mineral Resources of the Govt., the Company completed the installation of 50,000 M/Ton per year capacity condensate fractionation plant (Daily 150M/Ton) by the month of November'2013 which was duly inspected & Certified by BUET, BPC & PETROBANGLA as per clause of the NOC. Thereafter, the Company applied for allotment of 50,000 M/Ton condensate per year as raw material for starting operation of Refinery Plant in response to which the Ministry allotted 3,000 M/Ton condensate for test run of its plant. (Cont.)