WMSHIPYARD Earnings Update

(Repeat): Western Marine Shipyard Limited: (Q3): The Company has reported its profit after tax Tk. 36.05 million and basic EPS Tk. 0.56 for the 3 (three) months ended on 31 March 2014 (Jan 2014-March 2014) as against profit after tax of Tk. 32.80 million and basic EPS of Tk. 0.51 for the same period of the previous year. It is to be noted that basic EPS has been calculated based on weighted average Pre-IPO paid-up number of shares i.e. 64,551,900 shares for both periods. However, considering Post-IPO 109,551,900 number of shares the Company's basic EPS for the 3 (three) months ended on 31 March 2014 would be Tk. 0.33 (cont.)