GENNEXT Corporate Disclosure — 4 February 2014

Bangladesh Securities and Exchange Commission (BSEC) has approved the Rights offer of Generation Next Fashions Limited for 112,478,400 ordinary shares of Tk. 10.00 each totaling Tk. 1,124,784,000.00 at a ratio of 2R:3, i.e. two Rights shares for three existing shares. The approval has been accorded subject to the condition that the Company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 and other relevant laws and Regulatory Requirements, and shall also adhere to the conditions imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969.