TITASGAS Corporate Disclosure — 14 November 2013

(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 2013: " (1) Value of Inventory as on 30 June 2013 has been shown in Inventory Management Software (Tally) as BDT 1,737.40 million and as per general ledger the amount is BDT 1,887.40 million; results a difference of BDT 150.00 million, has been remained un-reconciled since 2007 as a consequence of error in Inventory Management Software. For these TGTDCL failed to reflect the true picture in the statement of financial position and overstated the asset by the same amount as on 30 June 2013. (Cont.)