SUMITPOWER Corporate Disclosure — 29 October 2014

The Company has informed that the Board of Directors of the Company has decided to hold an EGM to transact the following businesses:- (1) To consider increase of Authorized Capital from Tk. 700.00 crore to Tk. 1,200.00 crore by amending Clause V of Memorandum of Association and Article 5 of the Articles of Association of the Company; (2) To consider further issue of capital of Tk. 106,79,13,610.00 comprising 10,67,91,361 ordinary shares of Tk. 10.00 each, pursuant to section 155(2) of the Companies Act, 1994 by passing extra-ordinary resolution, for acquisition of 20,39,71,500 shares of Tk. 10.00 each of Summit Meghnaghat Power Company Limited (SMPCL), equals to 30% of the Company's Equity amounting to Tk. 203,97,15,000.00 (cont.)