Ref: AFSL/……../12

October 1, 2012

Mr. Nasir Uddin AhmedCEO ICB Capital Management Limited8 DIT Avenue, Dhaka-1000

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited (BSRM)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited (BSRM) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limited for your necessary action.

You may be aware that BSRM is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/595-2/12

15 July 2012

Mr. Md. Waliar RahmanCEOSonali Investment Limited11/A, SARA Tower (11th floor) Toyenbee Circular Road Motijheel C/A Dhaka 1000.

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/595-3/12

15 July 2012

Mr. Md. Anwar HossainCEOSonar Bangla Capital Management Ltd.Paramount Heights(14th Floor),65/2/1, Box Culvert Road,PaltanDhaka-1000

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/595-4/12

15 July 2012

Managing DirectorOne Bank LimitedHRC Bhaban46 Kawran Bazar C/ADhaka-1215

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/595-5/12

15 July 2012

Managing DirectorBD Finance Capital Holdings Ltd.27, Dilkusha C/ADhaka 1000.

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/595-6/12

15 July 2012

Managing DirectorBangladesh Finance And Investment Company Ltd.Baitul Hossain Building (2nd Floor)27, Dilkusha C/ADhaka 1000.

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/595-7/12

18 July 2012

Mr. A.S.M ArifSenior Vice President &Head of Structured Finance DivisionUnited Commercial Bank Ltd.Corporate Head Office (Level-4)Plot - CWS- (A)-1 Road No - 34Gulshan avenue, Dhaka-1212

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company within 26 July,2012 indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/602/12

22 July 2012

Mr. Qazi ArifManaging DirectorNDB Capital LimitedBilquis Tower(5th Floor)Plot - 6 ,Gulshan – 2Dhaka-1212

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company within 26 July,2012 indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/602/13

22 July 2012

Khaled Yusuf FaraziManaging Director & CEOBRAC EPL Investments LimitedHouse#18, Road # 123Gulshan, Dhaka1212

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company within 26 July,2012 indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/603/13

22 July 2012

Mr. Mustafizur RahmanManaging DirectorInternational Leasing And Financial Services LimitedPrinters Building (14th Floor), 5 Rajuk Avenue,Dhaka -1000, Bangladesh

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company within 26 July, 2012 indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/604/12

23 July 2012

Mr. Sheikh Mortuza AhmedHead of DivisionPrime Bank Investment LimitedPeoples Insurance Bhaban (11th Floor), 36, Dilkusha C/ADhaka -1000, Bangladesh

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company within 26 July, 2012 indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/605/12

23 July 2012

Managing DirectorAB Bank LimitedBCIC Bhaban 30-31, Dilkusha C/ADhaka -1000, Bangladesh

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company within 26 July, 2012 indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/606/12

23 July 2012

Mr. Mustofa Kamal Chief Executive OfficePLFS Investment Ltd.Paramount Heights (13th Floor)65/2/1, Box CulvertRoad Purana Paltan,Dhaka-1000, Bangladesh

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company within 26 July, 2012 indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/607/12

23 July 2012

Managing DirectorBMSL Investment Ltd.Sadharan Bima Tower(7th Floor)37/A, Dilkusha C/ADhaka-1000, Bangladesh

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company within 26 July, 2012 indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Tapan K PodderManaging Director

Enclosed: 1. Summary of the issue

Ref: AFSL/609/12

24 July 2012

Mr. Muhammad Anwar HussainChief Executive OfficeFirst Security Islami Capital & Investment Ltd.Al-Amin Center(11th Floor)25/A, Dilkusha C/ADhaka-1000, Bangladesh

Sub: Underwriting of shares of Bangladesh Steel Re-Rolling Mills Limited(DPGSL)

Dear Sir

We are pleased to inform you that Bangladesh Steel Re-Rolling Mills Limited(DPGSL) appointed us as the Manager for IPO of its shares under fixed price method. It is to be mentioned that we are in the process to submit the draft prospectus to SEC within couple of days.

We express our intention to engage you as an underwriter to the public issue, and forwarding herewith brief on Bangladesh Steel Re-Rolling Mills Limitedfor your necessary action.

You may be aware that DPGSL is involved in the business of power generation and supply to the Government. Presently it has three plants in operation since 2008 with an aggregate capacity of 66MW and has been producing the installed power smoothly at full contracted capacity. During last 4 years it has established excellent track record of smooth operation without any failure. Based on experience and expertise in power plant operation it has taken mandate for establishment of two more plants at Manikgonj and Nababgonj for an aggregate capacity of 110 MW. Agreed purchase period with the RPCL will be for 15 years and two special Purpose Companies (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Signing of power purchase agreements between two SPCs and Rural Power Company Limited is under process. As per mandate DPGSL is arranging 70% of fund from Commerce Bank of Germany under Export Credit finance. For the equity it has decided to go for IPO and are in the final stage to submit application to SEC under fixed price method. Entire proceeds of the IPO will be utilized as equity by subscribing the share capital of the SPCs.

Please confirm your interest to underwrite the shares of the company within 26 July, 2012 indicating the amount so that we can complete the formalities immediately. It may be noted that commission for underwriting is fixed at 0.5%.

Yours Sincerely,

Suman Kumar KunduManager

Enclosed: 1. Summary of the issue