JUTESPINN Corporate Disclosure — 14 November 2013

(Qualified Opinion): 'M.J. Abedin & Co.', Auditor of the company, has given the following Qualified Opinion in the audit report of the company for the year ended on 30 June 2013: "(a) The company incurred a net loss of Tk. 81,840,629 during the year ended 30 June 2013. This condition indicate the existence of a material uncertainly that may cast signification doubt about the company's ability to continue as a going concern. (b) Gratuity provision has not been made as per Company's policy which requires provision to be made based on last basic pay of the employees. (c) Interest was not provided on WPPF. In absence of required information shortfall in provision could not be quantified."