MATINSPINN Corporate Disclosure — 4 December 2018

(Continuation news of MATINSPINN): B. Depreciation: Depreciation is calculated and charged under diminishing balance method on all fixed assets other than land and land development. Depreciation on current year's addition is charged on day basis as and when the assets are ready for operation. The costs of the day-to-day servicing of Property, Plant and Equipment are recognized in the income statement as incurred. The gain or loss arising on the disposal of an asset is determined as (cont. 3)