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SUMITPOWER

All Eps Dividend Board Agm Q1 Q2 Q3

SUMITPOWER 13-Oct-2016

(Q1 Un-audited): Consolidated EPS (Diluted/restated) was Tk. 1.04 for July-September, 2016 as against Tk. 0.96 for July-September, 2015. Consolidated NOCFPS was Tk. 0.32 for July-September, 2016 as against Tk. 1.03 for July-September, 2015. Consolidated NAV per share was Tk. 27.44 as of September 30, 2016 and Tk. 26.48 as of June 30, 2016.

SUMITPOWER 10-Oct-2016

(6 Months audited): Consolidated Basic EPS was Tk. 2.61 and Diluted EPS was Tk. 2.14 for Jan-June, 2016 which was Tk. 3.76 (Basic and Diluted) for Jan-December, 2015. Consolidated NOCFPS was Tk. 1.32 for Jan-June, 2016 which was Tk. 1.94 for Jan-December 2015. Consolidated NAV per share was Tk. 26.48 as of June 30, 2016 and Tk. 25.67 as on December 31, 2015.

SUMITPOWER 09-Oct-2016

Trading of shares of Summit Power Limited will be resumed from October 10, 2016.

SUMITPOWER 09-Oct-2016

The Company has informed that it has credited the shares on October 09, 2016, arising from the amalgamation of Summit Power Limited with Summit Purbanchol Power Company Limited, Summit Uttaranchol Power Company Limited and Summit Narayanganj Power Company Limited.

SUMITPOWER 09-Oct-2016

With reference to its earlier news disseminated by DSE on October 05, 2016 the Company has further updated the information that issuance of shares will be subject to a lock in of (a) 3 years in case of directors and those who hold 5% or more shares, and (b) 1 year in case of others from the date of issuance of such shares except the general shareholders of Summit Purbanchol Power Company Limited (SPPCL) who are entitled to get the shares of Summit Power Limited as per Scheme of Amalgamation.

SUMITPOWER 06-Oct-2016

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 10, 2016 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.

SUMITPOWER 05-Oct-2016

(continuation news of SUMITPOWER): under Scheme of Amalgamation as per the order of the Hon'ble High Court Division of the Supreme Court of Bangladesh in the Company Matter No. 68 of 2016 subject to lock-in of 3 years in case of Directors and those who hold 5% or more shares and 1 year in case of others from the date of issuance of such shares. (end)

SUMITPOWER 05-Oct-2016

The Company has informed that Bangladesh Securities and Exchange Commission (BSEC) has given the consent for raising up the Paid-up Capital of the Company by 19,18,76,518 Ordinary Shares of Tk. 10.00 each at an exchange ratio of 1.309, 1.668 and 1.475 shares of Summit Power Limited for 1 share of Summit Purbachol Power Company Limited, Summit Uttaranchol Power Company Limited and Summit Narayanganj Power Limited respectively (cont.)

SUMITPOWER 22-Sep-2016

(Continuation news of SUMITPOWER): Power Purchase Agreement (PPA) and Implementation Agreement (IA) which is expected to be executed by the end of October, 2016. The implementation schedule period for the project is 15 months from the date of signing of PPA & IA with a hope that the date of commercial operation would be last quarter of 2017. The estimated Equity IRR (Internal Rate of Return) of the project would be 26.53% over the period of 15 years of PPA. (end)

SUMITPOWER 22-Sep-2016

With reference to their earlier news disseminated by DSE on 21.09.2016, the company has further informed that the estimated project cost for 149 MW dual fuel fired power project would be Tk. 675.00 crore with 70 to 30 Debt/Equity ratio for funding. The source of funding is yet to be finalized. Summit Power Limited would bear 64% of that equity once the project implementation would start after signing the (cont.)

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