27th Ashwin 2068. 14th October 2011.

Friday
Top Headlines: 41 killed as bus falls on river bank in Sindhuli. 15 hurt in accident on BP highway. Survivors say bus was carrying 70-80 passengers. (Source: The Kathmandu Post) PMs India visit to be a low-key affair. MoFA officials say Bhattarai to skirt sensitive and contentious issues. (Source: The Himalayan Times) In parliament, opposition lawmakers seek Sah, Bhandari removal. Maoists on Thursday dismissed the allegation against Sah, saying the move was politically motivated. (Source: The Kathmandu Post) NRNA Election. Consensus candidate for president elusive. Contenders engage in verbal duel. (Source: The Kathmandu Post) Utilize NRNs network to bring in investment: Private Sector. (Source: Republica) Mandatory banking training for BFI board members on cards. Last fiscal year financial institutions getting into trouble due to bad corporate governance, especially promoters and directors vested interests. (Source: The Kathmandu Post) 3 new cement factories to start production in 6 months. With these 3 coming online, the country daily output of cement will swell by 2,150 tonnes. (Source: The Kathmandu Post) Department of Revenue Investigation (DRI) wants NRB, CIB help in Hundi probe. (Source: The Himalayan Times)
International Business: Chinas trade surplus narrowed for a second straight month in September to $14.5 billion, with both imports and exports lower than expected. (Source: The Kathmandu Post) IMF cuts growth forecast for Asia. (Source: The Kathmandu Post) US posts record trade deficit with China. (Source: The Kathmandu Post)

MORNING QUOTE:
No matter how difficult things are, to rise above it is always a CHOICE. ~ Dodinsky

MARKET INFORMATION
As of 26th Aswin, 2068 Index NEPSE Sensitive Float Sen. Float NEPSE Sub-Indices Banking Dev. Bank Hydropower Finance Insurance Others Current Points Change %Change

333.47 81.7 27.52 24.23

-1.01 -0.25 -0.035 -0.013

Current Points Change

-0.3 % -0.3 % -0.13 % -0.05 %

%Change

292.85 279.29 573.5 274.62 402.1 482.92

0.31 -1.3 -0.25 -1.87 -1.43 -5.87

0.11 % -0.46 % -0.04 % -0.68 % -0.36 % -1.2 %

Market Summary
Total Turnover Rs: Total Traded Shares Total Transactions Total Scrips Traded Total Market Capitalization Rs:

15,444,663 102,731 1467 87 304,330.29 Millions 64,173.70 Millions

Floated Market Capitalization Rs:

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General News: Century Commercial Bank, the 31st bank of the country has opened a new branch in Dharke, Naubise. (Source: Republica) Social Development Bank celebrated its first anniversary on Thursday. (Source: Republica) Stock Trading of Butwal Finance Limited and Alpic Everest Finance have been suspended on NEPSE due to its ongoing merger process. (Source: Karobar Daily) Bonus/Right Share/Cash Dividend: BOD meeting of NIC Bank Limited has proposed to distribute 20% Cash Dividend to its shareholders subject to approval from NRB and its upcoming AGM. (Source: Nagarik Daily) BOD meeting of Nepal SBI Bank Limited has proposed to distribute 12.5% bonus share and 5% Cash Dividend to its shareholders subject to approval from NRB and its upcoming AGM. (Source: Nagarik Daily) As proposed by the BOD meeting of the Shikhar Finance Limited to give bonus share of Rs 3,75,00,000 (37.5%) and Rs 19,73,684.21 cash dividend (for bonus share tax purpose) has been approved by NRB. (Source: Nagarik Daily) Financial Highlights: Bishal Bazar Company Limited has posted net profit of Rs.43.42 million during the 4th quarter of the fiscal year 2067/68. (Source: Samachar Patra) AGM/Special AGM: Metro Development Bank Limited has announced its 2nd Annual General Meeting going to be held on 19th Kartik 2068. (Source: Annapurna Post)

Existing Right Share

Ratio Company Unique Finance 1:1 Issue Date Asoj 9 Issue Close Kartik 13 Issue Manager NABIL Investment Banking

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PERCENTAGE OF COMPLETION METHOD:

An accounting method in which the revenues and expenses of long-term contracts are recognized yearly as a percentage of the work completed during that year. This is the opposite of the completed contract method, which allows taxpayers to defer the reporting of any income and expenses until a long-term project is completed. The percentage of completion method of accounting is commonly used in construction projects. The percentage of completion method of accounting requires the reporting of revenues and expenses on a yearly basis, as determined by the percentage of the contract that has been fulfilled. The current income and expenses are compared with the total estimated costs to determine the tax liability for the year.

(New Business Age) Nepal's No. 1 Business Magazine has published (A comparative study of all the commercial banks prepared by Share Sansar as of 4th quarter of the last fiscal year 2067/68) as its cover story in its October month issue. Do read it :) Do share it :) Thank You

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Source: www.negosida.com.np As of 26th Aswin, 2068

ANNUAL GENERAL MEETINGS

COMPANY Nepal Consumer Development Bank Limited Growmore Merchant Banker Limited Bright Development Bank Limited National Life Insurance Co. Limited Citizen Bank International Limited Ace Capital Limited AGM 2nd 3rd VENUE/TIME Hotel Fewa Prince, Pokhara (1:30 PM) Hotel De Annapurna, DurbarMarga, KTM (11:30AM) Banepa Party Venue, Banepa, Kavre, Opposite Nepal Telecom (11:30 AM) Nepal Tourism Board, Bhrikuti Mandap, KTM (11:30 AM) Nepal Academy, Kamaladi, KTM (11:00 AM) Ace Capital limited, Kal Colony Marga, Lal Durbar, KTM (4:00 PM) Hotel Vishwa, Birjung, Parsa (10:00 AM) National Assembly Hall, Brikutimandap Road, (11:00 AM) National Assembly Hall, Pradarshani Marga(3:00 PM) Amrit Bhog, Kalikashtan, Kathmandu (10:00 AM) BOOK CLOSE DATE _ MEETING AGENDA DATE 27 Financial Highlight 2067/68, Merge Aswin 28 Aswin 28 Aswin 29 Aswin 29 Aswin 30 Aswin 1 Kartik Financial Highlight 2067/68, 8.5% Cash Dividend to its shareholder Financial Highlight 2067/68

2nd
nd rd

22 &23

10 Aswin

5th

12 Aswin

1st

Financial Highlight 2065/66/67, 20% Bonus Share and 1.05% Cash Dividend to its shareholders Financial Highlight 2067/68, 5.53% Cash Dividend and 5% Bonus Share to its shareholders Financial Highlight 2067/68, 4% Cash Dividend Financial Highlight 2067/68, 5.35% Cash Dividend and 6.67% Bonus Share to its shareholders Merge or and to discuss on foreign strategic partner Financial Highlight 2066/67 Financial Highlight 2067/68, 7.11% Cash Dividend and 15.02% Bonus Share to its shareholder

Global Bank Limited

5th

17 Aswin

KIST Bank Limited

Special

22 Aswin

2 Kartik

Bhrikuti Pulp and Paper Limited Shree Investment and Finance Company Limited

16th 17th

1 Kartik

7 Kartik 20 Kartik

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PROPOSED DIVIDEND OF FISCAL YEAR 2067/68

COMPANY Everest Bank Limited Bank of Kathmandu Nabil Bank Limited Global Bank Limited Business Development Bank Sanima Bikas Bank Limited Mahakali Bikas Bank Limited Fewa Finance Limited Laxmi Bank Limited Unilever Nepal Limited Api Finance Limited Diyalo Bikas Bank Limited Excel Development Bank Limited Resunga Bikas Bank National Life Insurance Co. Limited Nepal Investment Bank Limited Ace Capital Limited Swastik Merchant Finance Co.Ltd Global Bank Limited International Leasing and Finance Zenith Finance Limited Prime Commercial Bank Limited United Finance Limited NIC Bank Limited BONUS SHARE % 10 18 6.67 10 5 15 20 25 14 6.67 CASH DIVIDEND % 50 16.75 30 5.35 10 7 11.47 16.32 15 590 15 10.53 25 11.31 1.05 25 4 0.70 5.35 6 9.5 12.63 13.16 20 TOTAL Dividend % 60 34.75 30 12.02 10 7 11.47 26.32 15 590 20 10.53 25 26.31 21.05 50 4 14.70 12.02 6 9.5 12.63 13.16 20 COMPANY Kamana Bikas Bank Limited Arun Valley Hydropower Dev. Co. Ltd IME Financial Institutions Ltd. Civil Capital Market Ltd. Citizens Bank International Limited Shree Investment and Finance Co. Gandaki Bikas Bank Garima Bikas Bank Civil Merchant Bittiya Sanstha Ltd NMB Capital Limited Muktinath Bikas Bank Limited Standard Chartered Bank Limited Sahayogi Bikas Bank Growmore Merchant Banker Limited Miteri Development Bank Limited Om Finance Limited Mahalaxmi Finance Limited Birat laxmi Bikas Bank Limited Jyoti Bikas Bank Professional Bikas Bank Limited Nepal Aawas Finance Limited ICFC Finance Limited Nepal SBI Bank Limited Shikhar Finance Limited BONUS SHARE % 5 15.02 10 15 20 5 10 8 12.5 37.5 CASH DIVIDEND % 15 15 21.053 10.53 5.53 7.11 10 18 0.79 10 25 50 3 8.5 10.53 10.53 12 10 8.5 7.37 5 7 5 TOTAL Dividend % 15 15 21.053 10.53 10.53 22.13 20 18 15.79 10 25 50 23 8.5 10.53 10.53 12 15 8.5 7.37 15 15 17.5 37.5

AUCTION SHARE (Existing and upcoming)

COMPANY UNITS (KITTA) SHARE OP. DATE CL. DATE BID OP. DATE ISSUE MANAGER

Siddhartha Development Bank Limited NDEP Development Bank Limited ILFC Limited Gurkha Development Bank Limited Gurkha Development Bank Limited NB Insurance Company Limited NB Insurance Company Limited

92,000 6,507 4,715 2,67,001 6,24,000 2,000 78,403

Ordinary Ordinary Ordinary Ordinary Promoter Promoter Ordinary

18 Bhadra 18 Bhadra 18 Bhadra 18 Bhadra 18 Bhadra 6 Bhadra 6 Bhadra

1 Kartik 1 Kartik 1 Kartik 1 Kartik 1 Kartik 13 Kartik 13 Kartik

2 Kartik 2 Kartik 2 Kartik 2 Kartik 2 Kartik 14 Kartik 14 Kartik

Civil Capital Market Ltd Civil Capital Market Ltd Civil Capital Market Ltd Civil Capital Market Ltd Civil Capital Market Ltd Civil Capital Market Ltd Civil Capital Market Ltd

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