PENINSULA Corporate Disclosure — 31 October 2016

(Continuation news of PENINSULA):The Company accepted 30 years land lease allotment with the provision of renewal for further period of 20 years to take lease a land of 1.00 Acre/ (100 decimal), subject to the approval from shareholders in the next 6th EGM. The rental details are as follows: Location- South Patenga, Chittagong, with land area of 1 Acre/(100 decimal), yearly lease rent amount excluding VAT Tk. 57.00 lacs and 10% increase in every 5 years and after 11 year every 3 year 10% increasable."(end)