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SUMITPOWER

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SUMITPOWER 04-Apr-2016

Trading of the shares of the Company will remain suspended on record date i.e., 05.04.2016 for AGM & EGM.

SUMITPOWER 31-Mar-2016

Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per spot settlement cycle with cum benefit from 03.04.2016 to 04.04.2016. Trading of the shares of the Company will remain suspended on record date i.e., 05.04.2016 for AGM & EGM.

SUMITPOWER 29-Mar-2016

(continuation news of SUMITPOWER): and approval of the same Scheme by the Members of Summit Purbanchol Power Company Limited, Summit Uttranchol Power Company Limited and Summit Narayanganj Power Limited in the similar manner, let the Transferor Companies be amalgamated with the Transferee Company in terms of the Scheme." Record Date for the EGM: 05.04.2016. (End)

SUMITPOWER 29-Mar-2016

(continuation news of SUMITPOWER): Summit Narayanganj Power Limited (collectively Transferor Companies) with Summit Power Limited (Transferee Company) ("the Scheme") be and is hereby approved and subject to sanction of the Scheme by the High Court Division of the Supreme Court of Bangladesh in accordance with the provisions of Sections 228 and 229 of the Companies Act, 1994, (cont.2)

SUMITPOWER 29-Mar-2016

The Company has decided to hold an EGM on April 27, 2016 at 5:00 PM at Krishibid Institute Complex Bd. (KIB), Krishi Khamar Sarak, (Khamarbari) Farmgate, Dhaka-1215 to consider and, if thought fit, to pass the following resolution as special resolution with or without modification in accordance with Court Order: "Resolved that draft scheme of Amalgamation of Summit Purbanchol Power Company Limited, Summit Uttranchol Power Company Limited and (cont.1)

SUMITPOWER 16-Mar-2016

(continuation news of SUMITPOWER): and c) approved the Draft Application of Summit Power Limited and Summit Purbanchol Power Company Limited, Summit Uttranchol Power Company Limited and Summit Narayanganj Power Limited for submission to the High Court Division of the Supreme Court of Bangladesh for amalgamation of these Companies under section 228 read with section 229 of the Companies Act, 1994.(end)

SUMITPOWER 16-Mar-2016

(continuation news of SUMITPOWER): and Average Market Price for six months to December 31, 2015 as per DSE Index for listed companies: Summit Power Limited and Summit Purbanchol Power Company Limited and based on Share Value worked out at Weighted Average of Net Asset Value on December 31, 2015 and Average Earning per share based on last five years to December 31, 2015 times average market P/E for non-listed companies: Summit Uttranchol Power Company Limited and Summit Narayanganj Power Limited; (cont.3)

SUMITPOWER 16-Mar-2016

(continuation news of SUMITPOWER): b) approved the scheme of Amalgamation, with the exchange ratio of 1.309 shares of Summit Power Limited for 1 share of Summit Purbanchol Power Company Limited, 1.668 shares of Summit Power Limited for 1 share of Summit Uttranchol Power Company Limited and 1.475 shares of Summit Power Limited for 1 share of Summit Narayanganj Power Limited based on Share Value worked out at Weighted Average of Net Asset Value on December 31, 2015 (cont.2)

SUMITPOWER 16-Mar-2016

The Company has informed that the Board of Directors of the Company has approved the followings: a) considered the proposal of merger of Summit Purbanchol Power Company Limited, Summit Uttranchol Power Company Limited and Summit Narayanganj Power Limited with Summit Power Limited with December 31, 2015 as the appointed date subject to approval from High Court Division of the Supreme Court of Bangladesh and other legal/regulatory authorities; (cont.1)

SUMITPOWER 16-Mar-2016

There will be no price limit on the trading of the shares of the Company today (16.03.2016) following its corporate declaration.

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