NBL Corporate Disclosure — 25 May 2014

(continuation of news of NBL): (b) Held for trading Investments classified in this category are acquired principally for the purpose of selling or repurchasing in short trading or if designed as such by the management, after initial recognition, investments are measured at fair value and changes are recognised in the profit and loss account or revaluation reserve account as expense/income for the period as per provision of Bangladesh Bank circulars and BAS 39 "Financial Instruments: Recognition and Measurement." (c) Sale and repurchase agreement Securities sold under re-purchase agreement (REPO) at a fixed price on future date, the arrangement is accounted for as normal sell (outright sell) and the securities should be derecognised from the books. (cont.-7)