JUTESPINN Corporate Disclosure — 16 November 2021

(Continuation news of JUTESPINN): b) Deferred Tax: Wrong recognition of deferred tax: As per paragraph 24 of IAS 12: "Income Tax" - "A deferred tax asset shall be recognized for all deductible temporary difference to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized, unless the deferred tax asset arises from the initial recognition of an asset or liability in a transaction that: (cont.22)