TITASGAS Corporate Disclosure — 10 November 2014

(Qualified Opinion): "Hoda Vasi Chowdhury & Co", Auditor of the company has given the following qualified opinion in the audit report of the company for the year ended on 30 June 2014: " a) Trade receivables amounting Taka 23,199 million appears in the statement of financial position as on 30 June 2014. Out of this amount of total trade receivables, Zone offices confirmed aggregate balances of Taka 14,366 million whereas their respective general ledger balances Taka 14,072, resulting a difference of Taka 294 million which remained unreconciled. Furthermore, Zone offices have not confirmed general ledger balances of Taka 9,128 million (Taka 23,199 million less Taka 14,072 million) and as a result, this balance could not be verified satisfactorily; (Cont.-1)