Direct Listing of Khulna Power Company Ltd.

Corporate Office: Summit Centre (5th Floor),

18 Karwan Bazar C/A, Dhaka-1215, Bangladesh

Phone: [+8802] 9132437-8; 8125142; 8125433;

Fax: [+8802] 9125682; Website: www.khulnapower.com

Offloading of 5,21,48,250 Ordinary Shares of Tk 10.00 each

Listing Date: 15th March 2010 DSE &

18th March 2010 CSE

Indicative Price for Book Building Purpose Tk.162.00

Eligible institutional investors’ bidding on April 04, 05, 06, 2010

A. Earnings Based Value per share (EBVPS) based on financial statement for the year ended

31 December 2009

A.1 Earnings per share (EPS) 2.79

A.2 Average Market P/E of the sector 30

A.3 Earnings Based Value Per Share (A.1x A.2) 83.7

C. Net Asset Value Per Share(NAVPS) based on financial statements for the year ended 31

December 2009

C.1 Net Asset Value 3,865,314,106

C.2 Number of Shares 208,593,000

C.3 Net Asset Value Per Share (NAVPS) (C.1/C.2) 18.53

The Shareholding Position of ordinary shares

Summit Industrial & Mercantile Corporation (Pvt) Ltd. (incorporation inBangladesh)

49.98% 104,261,500 10 1,042,615,000

United Enterprises & Company Ltd. (incorporated in Bangladesh)

49.98% 104,261,500 10 1,042,615,000