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DIRECTORS’ REPORT TO THE SHAREHOLDERS

Your Board of Directors is pleased to present un-audited accounts for the third quarter and nine months period ended March 31, 2010.

The operations have resulted in a profit before taxation of Rs. 45.999 million (including Rs. 22.031 million accrued mark-up written back, not considered necessary on the basis of opinion of legal advisor) as compared to loss of Rs.33.176 million in corresponding period of last year.

Sales increased by 11.20% (from 396.000 million in corresponding period to 440.368 million in the period under review) cost of sales has decreased by 3.09% in the same period.

There is no material change in position of on going litigation and other matters related to court as reported in the Directors’ report to the shareholders for the year ended June 30, 2009.

Earning per share (basic) for the quarter under review is Rs. 2.85 positive in comparison to Rs. 2.83 negative in the corresponding period of last year.

Transactions with related parties are carried out at arms length. The prices are determined in accordance with comparable uncontrolled price method.

We would like to express our appreciation for the dedication and hard work put in by the entire team at J. A. Textile Mills Limited and all its partners within the country and all across the world.

For and on behalf of the Board.

Imran Zahid                                                                                        Faisalabad

Chief Executive Officer                                                                      April 28, 2010