NB Footwear Ltd Management Discussions.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

01. Outlook

The Management is looking at various options including identifying core team to execute business segments.

02. Opportunities and Threats

Even though there exists lot of opportunities for growth, cut throat competition coupled with higher costs in the inputs and the inflationary levels are thrown open to the industry.

03. Disclaimer

The information and opinion expressed in this report may contain forward looking statements, which the Managements believes are true to the best of its knowledge at the time of its presentation. The Management shall not be liable for any loss which may arise as a result of any action taken on the basis of information contained therein.