RENATA LIMITED Corporate Headquarters Plot # 1, Milk Vita Road, Section - 7 Mirpur, Dhaka - 1216

Dear Shareholders, Subject: Financial statements for the first quarter ended March 31, 2011 We are pleased to present the unaudited first quarter financial statements of Renata Limited containing the Balance Sheet as at March 31, 2011, the Income Statements, the Cash Flow Statements and the Statements of Changes in Equity for the first quarter ended March 31, 2011 as per the requirement of the Securities and Exchange Commission notification No. SEC/CMRRCD/2008-183/Admin/3-34 dated September 27,2009. Your's Sincerely for RENATA LIMITED Syed S. Kaiser Kabir CEO and Managing Director

Renata Limited Balance Sheet as at March 31, 2011 (Unaudited )

2011 (March 31, 2011) Taka in '000s 2,529,652 741,304 89,982 3,360,938 1,353,233 533,220 107,731 433,188 2,427,372 5,788,310 2010 (December 31, 2010) Taka in '000s 2,564,572 363,998 122,036 3,050,606 1,295,855 478,365 110,722 178,384 2,063,326 5,113,932

ASSETS Non-current assets Property, plant and equipment (WDV) Capital work-in-progress Long term Investment, loans and advances Total non-current assets Current assets Inventories Debtors Advance, deposits and prepayments Cash and cash equivalent Total current assets Total assets EQUITY AND LIABILITIES Equity attributable to equity holders of the company Share capital Tax holiday reserve Revaluation surplus Retained earnings Total equity attributable to equity holders of the company Non-current liabilities Deferred liability-staff gratuity Deferred tax liability Total non-current liabilities Current liabilities Bank overdraft Creditors and accruals Total current liabilities Total equity and liabilities

180,748 124,166 154,118 2,819,996 3,279,028 155,594 152,716 308,310 1,207,503 993,469 2,200,972 5,788,310

180,748 124,166 154,118 2,512,438 2,971,470 138,540 152,716 291,256 1,129,415 721,791 1,851,206 5,113,932

Renata Limited Income Statement for the period January-March 2011 (Unaudited)
2011 (January-March) Taka in 000's Turnover and other income Cost and Expenses: Cost of goods sold Administrative expenses Selling and distribution expenses Interest expenses and non operating expenses Allocation to WPPF Total Cost and Expenses Net Profit before tax Provision for income tax Net profit after tax Basic earnings per share i.e.EPS (par value of Tk 100) 1,673,931 720,985 38,899 424,000 79,663 19,542 1,283,089 390,842 84,443 306,399 169.52 2010 (January-March) Taka in 000's 1,224,156 537,970 31,450 353,909 30,615 12,867 966,811 257,345 70,150 187,195 103.57

Renata Limited
Cash flow statement for the period January-March, 2011 (Unaudited)
2011 (January-March) Taka in 000's A. Cash flow from operating activities: Collection from customers and other income Payment for costs and expenses Income tax paid Cash generated from operation B. Cash flow from investing activities: Acquisition of fixed assets Acquisition of long term assets Sale proceeds of long term assets/fixed assets Net cash from investing activities C. Cash flow from financing activities: Loans received/repaid Dividend paid Net cash from financing activities D. Net cash increase(decrease) for the period (A+B+C) E. Opening cash and cash equivalent F. Closing cash and cash equivalent (D+E) 78,088 (165) 77,923 254,804 178,384 433,188 (1,123) (90) (1,213) 249,884 143,248 393,132 (377,305) 32,053 (345,252) (34,333) (6,224) 275 (40,282) 1,879,160 (1,312,572) (44,455) 522,133 1,198,089 (865,296) (41,414) 291,379 2010 (January-March) Taka in 000's

Syed S. Kaiser Kabir CEO and Managing Director

Khokan Chandra Das Head of Finance

Renata Limited and its subsidiaries Consolidated Balance Sheet as at March 31, 2011 (Unaudited )
2011 (March 31, 2011) Taka in '000s 2,763,325 757,004 51,496 3,571,825 2010 (December 31, 2010) Taka in '000s 2,787,868 363,998 163,549 3,315,415

ASSETS Non-current assets Property, plant and equipment (WDV) Capital work-in-progress Long term Investment, loans and advances Total non-current assets Current assets Inventories Debtors Advance, deposits and prepayments Cash and cash equivalent Total current assets Total assets

1,415,832 548,986 113,761 453,880 2,532,459 6,104,284

1,350,077 465,359 117,245 210,014 2,142,695 5,458,110

EQUITY AND LIABILITIES Equity attributable to equity holders of the company Share capital Tax holiday reserve Revaluation reserve Capital reserve Retained earnings Total equity attributable to equity holders of the company Minority interest Total Equity Non-current liabilities Long term liabilities-Staff gratuity Deferred tax liability Total non-current liabilities Current liabilities Bank loans, overdraft and credit Creditors and accruals Total current liabilities Total equity and liabilities

180,748 160,613 154,118 536 3,099,265 3,595,280 46 3,595,326 155,594 152,716 308,310

180,748 160,149 154,118 536 2,788,620 3,284,171 45 3,284,216 138,540 152,716 291,256

1,147,503 1,053,145 2,200,648 6,104,284

1,129,415 753,223 1,882,638 5,458,110

Syed S. Kaiser Kabir CEO and Managing Director

Khokan Chandra Das Head of Finance

Renata Limited and its subsidiaries Consolidated Income Statement for the period January-March, 2011 (Unaudited)
2011 (January-March) Taka in 000's Turnover and other income Cost and Expenses: Cost of goods sold Administrative expenses Selling and distribution expenses Interest expenses and non operating expenses Allocation to WPPF Total Cost and Expenses Net Profit before tax Provision for income tax Net profit after tax Basic earnings per share i.e.EPS (par value of Tk 100) 1,739,223 773,451 43,208 427,487 79,707 19,774 1,343,627 395,596 84,486 311,110 172.12 2010 (January-March) Taka in 000's 1,278,886 571,960 33,819 357,945 30,672 13,541 1,007,937 270,949 70,196 200,753 111.07

Renata Limited and its subsidiaries

Consolidated Cash flow statement for the period January-March 2011 (Unaudited)
2011 (January-March) Taka in 000's A. Cash flow from operating activities: Collection from customers and other income Payment for costs and expenses Income tax paid Cash generated from operation B. Cash flow from investing activities: Acquisition of fixed assets Acquisition of long term assets Sale proceeds of long term assets/fixed assets Net cash from investing activities C. Cash flow from financing activities: Loans received/repaid Dividend paid Net cash from financing activities D. Net cash increase(decrease) for the period (A+B+C) E. Opening cash and cash equivalent F. Closing cash and cash equivalent (D+E) 13,271 (165) 13,106 243,866 210,014 453,880 (13,845) (90) (13,935) 235,948 170,263 406,211 (407,545) 112,053 (295,492) (37,530) (12,005) 275 (49,260) 1,940,368 (1,369,661) (44,455) 526,252 1,260,495 (919,938) (41,414) 299,143 2010 (January-March) Taka in 000's

Syed S. Kaiser Kabir CEO and Managing Director

Khokan Chandra Das Head of Finance