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SUMITPOWER

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SUMITPOWER 29-Dec-2016

The Company has informed that the extension of contract for 102 MW HFO based Narayanganj Power Plant for the next 5 years for supply of power has been executed with Bangladesh Power Development Board (BPDB) with effect from April 01, 2016.

SUMITPOWER 20-Dec-2016

(Continuation news of SUMITPOWER): revenue from Madanganj Power Plant (formerly under Summit Narayanganj Power limited) for the period from April 2016 to June 2016 based on the estimated tariff rate as proposed by Bangladesh Power Development Board and Note 12.1: Management explains that the receivable from Bangladesh Rural Electrification Board is recoverable based on the outcome of recent arbitration. Our opinion is not qualified with regard to any of the above matters. (end)

SUMITPOWER 20-Dec-2016

(Continuation news of SUMITPOWER): merged financial statements for these companies as a single entity with retrospective effect from the appointed date. Note 1.4: Management discloses that the Legacy Power Purchase Agreement relating to Madanganj Power Plant (formerly under summit Narayanganj Power limited) with Bangladesh Power Development Board expired on 31 March 2016 and explains why it believes the agreement will be extended for another five years. Note 30.1: Management accounted for (cont.2)

SUMITPOWER 20-Dec-2016

The auditor of the company has given the following 'Emphasis of Matter' paragraph in the audit report of the company prepared for six months ended on 30 June 2016. Emphasis of Matters: We draw users' attention to the following notes to the financial statements: Note 1.3: Management explains the amalgamation process of Summit Purbanchol Power Company Limited, Summit Uttaranchal Power Company Limited and Summit Narayanganj Power Limited with Summit Power Limited and the grounds for preparing (cont.1)

SUMITPOWER 13-Oct-2016

The Company has informed that The Board of Directors has taken decision to extend the current financial year of the Company for 18 (eighteen) months from 1st January 2016 to 30th June 2017 with the approval of Register of Joint Stock Companies & Firms (RJSC&F) as per section 183 (4) of the Companies Act, 1994.

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.

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