SHEPHERD INDUSTRIES LTD.

1 Factory:Kathalia, Bhaluka, Mymensingh, Bangladesh. PABX: 09022-56122-25, Direct: 09022-56122, Fax: 09022-56126 Copy t o:1. The Managing Director, Dhaka Stock Exchange Limited2. The Managing Director, Chittagong Stock Exchange LimitedMohammed Abu ZafarCompany SecretaryYours truly,~/?This is for your kind information and Operating Cash Flow Per Share (NOCFPS)Tk. 0 .42 Earnings PerShare (EPS)Tk. 0 .12As per Regulation#16(2) of Dhaka Stock Exchange (Listing) Regulations, 2015 on the above mentionedsubject, we are pleased to inform you that the Board of Directors of SHEPHERD INDUSTRIES Limited in its 96thMeeting held on Monday, 29thJanuary 2018 during to at Company's Corporate Office:House #24, Road # 04, Sector # 04, Uttara, Dhaka-1230 and approved the 2ndQuarter Financial Statements(Un-Audited) of the Company for the six months period ended 31stDecember 2017 and took the followingdecisions:Dear Sir,Subject.

2 Price Sensitive Information (PSI) of SHEPHERD INDUSTRIES ChairmanBangladesh Securities and Exchange CommissionSecurities Commission BhabanE-6jC, AgargaonSher-e-Bangla Nagar Administrative AreaDhaka-1207, : January 29, 2018 Ref: SHEPHERDjBSECjJANj2018-05 Corporate Office:House#24, Road#04, Sector#04, Uttara, Dhaka-1230 Tel: +88-02-7913340, 7913341,7913342, Fax: +88-02-7913359, 7913360E-mail: Website: INDUSTRIES (iChairman1,514,222,6491,526,266,9251,51 3,780,9761,525,712,624441,673554,3012,93 0,041,6173,039,003,1951,426,807,2371,439 ,369,8221,227,936,2671,331,333,393120,62 7,005112,899,6631,878,800154,671,108153, 521,5174,444,264,2664,565,270,1202,336,1 39,3522,277,761,9511,366,265,8461,242,05 9,860541,892,840545,300,632427,980,66649 0,401,459132,000,651132,726,2944,392,802 4,489,374127,607,849128,236,9201,976,124 ,2632,154,781,87533,728,93333,728,933382 ,332,427414,878,1884,862,3894,896,3441,3 65,145,6551,529,243,94774,750637,750189, 980,109171,396,7134,444,264,2664,565.)

3 270, in Asset Value (NAV) Per ShareCurrent LiabilitiesLoan from Shareholders'Trade & other PayablesObligation under Finance Lease-Current PortionShort Term Bank LoanOutstanding IPOS ubscriptionLiabilities for Expenses & ProvisionsShareholders' EquityShare CapitalRevaluation ReserveRetained EarningsNon-Current LiabilitiesObligation under Finance LeaseDeferred Tax liabilitiesEQUITY AND LIABILITIESI nventoriesTrade & other ReceivablesAdvance, Deposits & PrepaymentsCurrentalcwith Related EntityCashand Cash EquivalentsNon-Current AssetsProperty, Plant & EquipmentIntangible AssetCurrent AssetsASSETSAND PROPERTIESIN otesIStatement of Financial Position(Un-Audited)as on December 31, 2017 SHEPHERD INDUSTRIES LIMITED/.

4 ,Revenue211,332,022,3131,043,808,301639, 631,437483,532,920 Less: Cost of Sales22(1,165,989,780)(925,746,740)(559, 229,311)(429,832,932)Gross Profit166,032,533118,061,56180,402,12653 ,699,988 Foreign Currency Gain/(Loss)235,913,038(6,416,495)5,067,3 40(1,742,390)Add: Other income247,263,4693,514,5894,433,1691,769 ,700less: Operating Expenses(33,958,825)(28,794,126)(18,915, 526)(14,509,069)Selling&Distribution Expenses25(5,277,139)(4,464,075)(2,607,1 13)(1,985,009)Administrative Expenses26(28,681,686)(24,330,051)(16,30 8,413)(12,524,060)Profit from Operation145,250,21586,365,52970,987,109 39,218,229 Less: Financial Expenses27(74,881,745)(42,955,870)(39,06 5,110)(22,283,845)Net Profit/ (Loss) before tax70,368,47043,409,65931,921,99916,934, 384 Income Tax Expense.

5 (12,592,445)(7,876,732)(5,963,400(3,294, 086)Current Tax28(12,620,140)(6,767,349)(5,862,855)( 2,043,931)Deferred Tax Income/(Expenses)27,695(1,109,383)(100,5 45)(1,250,155)Net Profit/ (Loss) after Tax for the period57,776,02535,532,92725,958,59913,6 40,298 Basic Earning Per share (Par Value of Tk. 10/- each) ~~~f'''7{~~jJp4t)1 DirectorManaging DirectorChairman'\IINo,",Amount in TakaAmount in TakaAmount in TakaAmount in of Profit or Lossand Other Comprehensive Income(Un-Audited)Forthe Six months Period ended December31, 2017 SHEPHERD INDUSTRIES LIMITED"~f;t~Chairman~~1~bJ)pD'~M'D'rrec toranagrngirectorShareRevaluationRetaine dParticularsPaidup CapitalMoneyEarningsTotal EquityReserveDeoositOpening balance as on 01-07-20161,042,059,860-552,651,670353,7 60,6821,948,472,212 Less:Depreciation onrevaluation transfer to--(4,432,673)4,432,673retained earnings-Add/(Less): De ferred T ax Income/(Expenses)--664,901-664,901during the periodAdd.}

6 Net profit(Loss)for the period35,532,92735,532,927 Closing balance on 31 December 20161,042,059,860-548,883,898393,726,282 1,984,670,040 Statement of Changes in Equity(Un-Audited)For the Six months Period ended December 31, 2016 ShareRevaluationRetainedParticularsPaid up CapitalMoneyEarningsTotal EquityReserveDepositOpening balance as on 01-07-20171,242,059,860-S45,300,632490,4 01,4592,277,761,951 Stock Dividend124,205,986(124,205,986)-Less:D epreciation o n revaluation t ransfer to-(4,009,168)retained earnings4,009,168 Add/(Less) Deferred Tax Income/(Expenses)-during th e period601,376601,376 Add.

7 Ne t p rofit/(Ioss) forthe period-57,776,02557,776,025 Closing balance on 31 December 20171,366,265,846541,892,840427,980,6662 ,336,139,352 SHEPHERD INDUSTRIES LIMITEDS tatement of Changes in Equity(Un-Audited)For the Six months Period ended December 31, 2 017 IBAmount in TakaAmount in Flows from Operating ActivitiesReceived f romcustomers and others1,469,740,0121,231,311,879 Payment toCreditors,Suppliers,Employees andOthers(1,174,818,675)(1,202,560,124)C ash inflow/(outflow) from operation294,921,33728,751,755 Income Tax Paid(26,712,239)(9,989,181)Net cash used in Operating A ctivities268,209,09818,762, Flows from Investing ActivitiesAcquisition of Property,Plant & Equipments(21,671,561)(54,953,248)Procee ds from Sale of Property, Plant & Equipments1,020,000 Investment onFDR232,899 Investment inShare Money Deposit of T aiwan Food andProcessing62,000,000 INDUSTRIES LimitedCurrentetcwith RelatedEntity1,878,80013,221,200 Net cash used in Investing Activities(19,792,761)21,520, Fl ow fr om Financing ActivitiesOutstanding IPO S ubscription(563,000)Obligation under Finance Lease Received/(Paid)-Net(130.)

8 527)(865,858)ShortTerm Loan Received/(Paid)-Net(164,098,292)(15,206, 111)Financial Expenses Paid(74,881,745)(42,955,870)Net cash used in by Financing Activities(239,673,564)(59,027,839)D. Net Increase/(Decrease) in cash and Cash Equivalent8,742,773(18,744,414)E. Cash& Cash Equivalent at beginning at the period153,521,51740,654,383F. Unrealizedgain/(Ioss)(7,593,182) Cash Equivalent at the endof t he period154,671,10821,909,969 Net Operating Cash Flow per of CashFlows(Un-Audited)For the Six months Period ended December 31,2017 SHEPHERD INDUSTRIES LIMITED