JUTESPINN Corporate Disclosure — 30 July 2020

(Continuation news of JUTESPINN): 3. As per IAS-36 Para-9, An entity shall at the end of each reporting period assess whether there is an indication that assets may be impaired (If any) such indication exists the entity shall estimate the recoverable amount of the asset and compute impairment and reports to the statement of Profit or Loss and Other Comprehensive Income as impairment loss. Jute Spinners Limited has not reviewed any assets that could be impaired at the end of the year (cont. 4)