March 29, 2020

The General Manager

Banking Regulation and Policy Department
Bangladesh Bank, Head Office, Dhaka

Subject: Prayer for seeking approval to relax off shore liability out of SBL from April 2020 to April
2022 for PRAN-RFL Group.

Sir,

PRAN-RFL Group is very much grateful to Bangladesh Bank and Government of the People's Republic
of Bangladesh for immense support from the very inception of our business. We are also grateful to
Bangladesh Bank for allowing recent relaxation and take different proactive decisions for COVID 19
impact. PRAN-RFL has the vision to be the market leader in all categories both in local and global
market. In order to achieve this vision we need your guidance and support to source finance considering
the current money market situation.

As per BRPD circular no 02 dated 25 February 2019, the banks in our country are considering offshore
liability under Single Borrower Exposure Limit. As a result we have not been able to source more support
from our trusted finance partners like HSBC. Currently, due to COVID 19 impact most of the local Banks
are not able to provide support for UPAS/Acceptance/Foreign Currency debt facility. With yearly USD
850 million import and USD 450 million export we need smooth support from Banks. For that matter our
business requires to,
- extend the accepted/usance liability period from 180 days to 360 days as per Foreign Exchange
Policy Department circular no 16 dated 23 March 2020
- keep existing Off shore long term debt USD 55 Million Foreign Currency debt out of SBL so
that we can take more support from HSBC.

More than 100 thousand farmers and 1 million directly/indirectly people involve with this group. Also we
are the largest agro processing exporter in the country with export presence in 141 countries. To continue
our business and overcome the COVID 19 impact, we need your kind consideration to relax the offshore
liability out of Single Borrower Exposure Limit from April 2020 to April 2022.

Therefore considering above circumstance we are requesting you to allow HSBC Off shore liability [FC
loan/ UPAS loan/accepted liability/deferred liability] out of SBL.

Best Regards

Ahsan Khan Chowdhury

Chairman & CEO