POWERGRID Corporate Disclosure — 20 November 2014

(Continuation of News of POWERGRID): The company has been following the policy of capitalizing or deducting such exchange rate fluctuation loss /gain from Property, plant and equipment from the year 2010-2011 which is a non-compliance of the above provision of BAS-21. 4. As disclosed in Note # 8 to the financial statements, the Company has reported an amount of Tk. 1,420,770,057 as receivable from transmission/wheeling and optical fiber charge. It includes receivables from DPDC, DESCO and WZPDCL Tk. 464,799,716.24, 195,926,954 and Tk. 103,544,777 respectively carried forward since 2007 which includes disputed amount with the respective companies (disputed amount with DPDC Tk. 174,594,248.24, DESCO Tk. 3,480,438 and WZPDCL Tk. 973,755). (cont. 5)