Status Update No 3 on Restructuring Plan

Final Remittance Communication

Dear Customer,

Further to my letter dated 2 August 2022, I write to provide you with a final update on our restructuring plan.

As we have not received the API authorization yet for our new remittance entity Sonali Pay UK Limited, we will not be able to provide remittance service to you from 16^th Aug 2022. We have made the necessary arrangement to stop this service after 14 August 2022 23:59:59. See the below table for date & time to stop our service.

Mode of Remittance	Cut-off date & Time
Walk in Remittance	12/08/2022; 16:30:00
Telephone Remittance	12/08/2022, 16:30:00
Mobile App & Online Remittance	14/08/2022; 23:59:59

We remain fully committed to resume this service to you again in the near future under the new trading name / brand “SonaliPay”. In the meantime, you can visit any Post Office nearest to your home who offer remittance services via MoneyGram. You may also use the remittance services provided by Western Union, Small World or RIA who may have agents located near your house.

I thank you for your understanding and patience and look forward to serving you again in the near future on your remittance needs.

If you need further clarification, please do not hesitate to contact us on 020 7877 8200 or via email on contact@sonalipay.co.uk or enquiries@sonalipay.co.uk

Yours Sincerely

Mr Khawja Masum Billah

Chief Executive Officer

Sonali Bangladesh (UK) Limited on 16th August 2022 took over the existing legal obligations of Sonali Bank (UK) Limited by virtue of section 81 (2) of the Companies Act 2006.

Sonali Bank (UK) Limited closed all personal accounts on 31st December 2017. The balance remaining on the accounts was subsequently transferred to independent trustees appointed for that purpose, in accordance with the terms of a trust deed entered between SBUK and the trustees. This was communicated to customers at the time so as they could contact the Trustees to make applications for unclaimed funds.

To allow former account holders more time to apply for unclaimed deposits from the Trustees, the Trust has been extended by a further 5 years until 20th February 2029.

The trustees are Christine Bartlett and Nigel Heath Sinclair of Richard Long & Co, whose contact details are as follows:

Christine Bartlett and Nigel Heath Sinclair

Richard Long & Co

Castlegate House

36 Castle Street

Hertford

Hertfordshire

SG14 1HH

Telephone number: 01992 503372.

Email: heath.sinclair@richardlong.co.uk (with a copy to enquiries@richardlong.co.uk)

If you wish to claim payment of amounts owed to you, the appropriate course will be to make a request for payment in writing to the trustees using the contact details above, rather than SBUK. When you contact the trustees in this way, you will be required to prove your identity in the same way as if you were withdrawing the funds from the Bank prior to 31st December 2017.

Please note that funds transferred to the trustees, do not earn any interest as per the Trust arrangement.