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FAREASTLIF

All Eps Dividend Board Agm Q1 Q2 Q3

FAREASTLIF 08-Nov-2020

(Continuation news of FAREASTLIF): audit evidence regarding investment of BDT 4, 174.7 million made in previous years. Advances, Deposits and Prepayments: Included in the Other Advances in note 17 to the financial statements and being carried forward since long an amount of BDT 951.9 million could not be verified by us due to absence of appropriate supporting evidence. Furthermore, included in the advances for Construction, Land and Land (cont.2)

FAREASTLIF 08-Nov-2020

The auditor of the Fareast Islami Life Insurance Co. Ltd has given the "Qualified Opinion"& "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 December 2019. In this regard, we may disseminate the following news through our online trading system: Qualified Opinion: Investment: Included in the Investment in share and bonds under Investment in note no. 14 to the financial statements, we could not obtain sufficient and appropriate (cont.1)

FAREASTLIF 02-Nov-2020

(Q1 Un-audited): Decrease in consolidated life revenue account for Jan-Mar, 2020 was Tk. 878.84 million with consolidated total life insurance fund of Tk. 32,811.52 million as against decrease in consolidated life revenue account of Tk. 889.51 million and Tk. 32,439.75 million respectively for the same period of the previous year.

FAREASTLIF 02-Nov-2020

(Q3 Un-audited): Increase in consolidated life revenue account for July-September, 2020 was Tk. 316.00 million as against decrease in Tk. 1,289.09 million for July-September, 2019. Whereas decrease in consolidated life revenue account for Jan- September, 2020 was Tk. 605.70 million with consolidated total life insurance fund of Tk. 33,084.66 million as against decrease Tk. 632.07 million and Tk. 32,697.19 million respectively for the same period of the previous year.

FAREASTLIF 02-Nov-2020

(Continuing of FAREASTLIF): Decrease in consolidated life revenue account for Jan-June, 2020 was Tk. 921.70 million with consolidated total life insurance fund of Tk. 32,768.65 million as against increase in Tk. 657.02 million and Tk. 33,986.28 million respectively for the same period of the previous year. (end)

FAREASTLIF 02-Nov-2020

(Q2 Un-audited): Decrease in consolidated life revenue account for Apr-June, 2020 was Tk. 42.86 million with consolidated total life insurance fund of Tk. 32,768.66 million as against increase in Tk. 1,546.53 million and Tk. 33,986.28 million respectively for the same period of the previous year. (cont.)

FAREASTLIF 02-Nov-2020

There will be no price limit on the trading of the shares of the Company today (02.11.2020) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

FAREASTLIF 02-Nov-2020

The Board of Directors has recommended 10% cash dividend for the year ended on December 31, 2019. Date of AGM: 15.12.2020, Time: 10:30 AM, Venue: Digital Platform. Record Date: 22.11.2020.

FAREASTLIF 27-Oct-2020

The Company has further informed that meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on November 01, 2020 at 3:00 PM respectively to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020, Second Quarter (Q2) period ended on June 30, 2020 and Third Quarter (Q3) period ended on September 30, 2020.

FAREASTLIF 27-Oct-2020

As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has further informed that a meeting of the Board of Directors will be held on November 01, 2020 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2019.

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