Unique Hotel & Resorts Limited - Dhaka Stock Exchange

Management Perception:The Company is equipped with power backup and security (CCTV) systems, whichreduce operational risk. Besides, the equipment is under Insurance coverage in orderto get reasonable compensation for any damages. Apart from these, routine securitycheck and proper maintenance of the equipment also reduce/eliminate theoperational risk.j. Ownership of Land Properties Related Risk:The company purchased the land of 24.1 katha in Plot No 1, CWN (B), Road No 45Gulshan-2, Dhaka-1212 (where the hotel premise is located) from Borak Travels(Pvt.) Ltd. The land was leased by the then Dhaka Improvement Trust (DIT) atpresent Rajuk to Late Dr. A. Khaleque for a period of 99 years starting from 30thOctober, 1962. Borak Travels (Pvt.) Ltd. purchased the land from Dr. A. Khaleque on18th August, 1993 for an amount of BDT 92.5 million. The land was later transferredto Unique Hotel & Resorts Limited in 2005 which was approved by the Rajuk onAugust 9, 2005. But no sale of agreement was executed between Borak Travels(Pvt.) Ltd. and Unique Hotel & Resorts Limited.The company owns another land situated at Plot No 2, CWN (B), Road No 45Gulshan-2, Dhaka-1212. The land was allotted to Mr. SK Anwar Ali by the thenDhaka Improvement Trust (DIT) now Rajuk for a period of 99 years lease (absoluteand 16 annas owner) under a provisional letter of allotment bearing Memo No.DIT/Gulshan/998- dated 06.09.1960.The lands acquired by the company as mentioned above are leasehold land givenlease by the Rajuk for a period of 99 years. The period of lease for plot no. 1 will beexpired on 30th October 2061 and for plot no. 2 on 06.09.2059.Management Perception:The company has proper title deeds for the lands it acquired. The lands are leaseholdgiven lease by the Rajuk for a period of 99 years.Page 18 of 18