SONALIANSH Corporate Disclosure — 16 March 2014

(Continuation of news of SONALIANSH): The company also did not consider the impact of deferred tax against revaluation surplus as per BAS-12. 5. The aggregate demand of tax by the Income Tax Authority stood at Taka 85,284,388/= for Assessments Year 1993-1994 to 2012-2013 (see note-28) against which aggregate income tax provision comes to Taka 14,433,730/=. It appears that appeals are pending for six assessment years. No adjustment has been made for the assessment years already finalised in the accounts. There may be a substantial shortfall in the income tax provision on completion of assessments following the settlement of pending appeals." (end)