R.N. Spinning Mills Limited announced that the company Board and management has selected the location at Bhabanipur, Gazipur for re-establish of factory upon leased possession. Accordingly, the Board has confirmed the lease land following an agreement and decided to undertake start of civil construction at immediate by undertaking required compliance. Summary features of the proposed factory envisaged as follows: Location: Bhabanipur, Gazipur; Types of Land: Lease rental; Name of Lessor: Samin Food (Cont.) Name of Lessee: R.N. Spinning Mills Limited; Total Area of lease land: 384.32 Decimal or 167,410 sft; Lease Rental: Monthly BDT 3.00 per sft encompassing monthly rental BDT.

502,230.00 (appox.) excluding VAT; Target Factory type: Cotton Spinning; Target Capacity: 40,800 spindles; Estimated project cost: Civil and other construction: BDT 600 million and Plant, Machinery & Equipment: BDT 1,600.00 million.