JUTESPINN Corporate Disclosure — 20 November 2014

(Continuation of News of JUTESPINN):According to paragraph 21 of BAS 21: "A foreign currency transaction shall be recorded,on initial recognition in the functional currency, by applying to the foreign currency amount the spot exchange rate between the functional currency and foreign currency at the date of the transaction". According to Paragraph 97 of BAS 1: "When items of income or expense are material, an entity shall disclose their nature and amount separately." 2.As on June 30, 2014 the closing balance of WPP & WF represents an amount of BDT 13,744,387/-. During the year the company transferred an amount of BDT 36,633,694/- from WPP & WF to Gratuity Payable. As a result, as on June 30, 2014 the Deferred Liability is understated by BDT 36,633,694/-(cont.2)