KPCL Corporate Disclosure — 15 May 2014

(continuation of news of KPCL): Had BAS 21 been followed, the profit for the year would have increased by Tk. 84,420,821. Emphasis of Matters Without further qualifying our opinion, we draw attention to the following as matters of emphasis: (i) We draw attention to Note 2.7 to the financial statements where management explains how they will continue in operational existence for the foreseeable future of Khanjahan Ali Power Company Limited in spite of having net current liabilities as at the balance sheet date. (ii) We draw attention to note 7.3 to the financial statements where management explains in Khulna Power Company Unit II why BPDB's deductions of Tk. 206,918,350 due to liquidated damages have not been provided for in these statements. (cont.-2)