SEMB.X % JKH.N ,409,748 Plantations. SEMB.N , % COMB.N ,372,340 Power and Energy

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1 Sri Lanka Equity MarketWatch: Daily 14-Aug-18 Focus : ASPI further down. Diversified Holdings sector contributed mostly to the market turnover while the sector index was down by 1.61%. Foreign investors were in a buying sentiment, while the net foreign inflows amounted to LKR 113 Mn. Focus During the day, ASPI was down by 16 points and S&P SL20 was down by 27 points. Bourse continued with the negative momentum while large cap counters such as JKH, LOLC & MELS dragged the main index down by 12.1 points JKH emerged at the top of the turnover list with two crossings which amounted to LKR 69Mn. Index Performance ASPI 6, % S&P SL 20 3, % Key Statistics Turnover(LKR '000) 380, % Volume ('000) 11, % PER (source: Bloomberg) 8.82 Foreign Pur.(LKR '000) 258,210 Foreign Sales (LKR '000) 145,691 Dom. Pur.(LKR '000) 122,213 Dom. Sales (LKR '000) 234,732 Foreign investors ended up as net buyers with a net inflow of LKR 113Mn while foreign buying was mainly witnessed in JKH. Market Cap (LKR Mn) 2,863,158 Gainers/ Losers 35 / 98 YTD Net Foreign Inflow LKR Bn Meanwhile, ASPI started daily operations at 6129 and depicted a declining trend during the day to reach During the day losers surpassed gainers 98 to 35. Sector Performance Intraday ASPI Performance Beverage Food & Tobacco 1.09% Chemicals & Pharmaceuticals Construction & Engineering Diversified Holdings Footwear & Textiles Health Care -0.39% -3.86% -1.61% -1.18% -1.06% 10:00 10:30 11:00 11:30 12:00 12:30 13:00 13:30 14:00 14:30 News Highlight: Sri Lanka's central bank which is operating an unstable dollar soft-peg is increasingly relying on fiscal policy to target the trade deficit by nudging the finance ministry to hike taxes and second guess consumption and investment decisions of ordinary citizens.- Economynext Top Gainers Security Price(LKR) + Volume % Security Price(LKR) Turnover Oil Palms 0.64% SEMB.X % JKH.N ,409,748 Plantations -2.77% SEMB.N , % COMB.N ,372,340 Power and Energy -1.89% EMER.N % SAMP.N ,725,795 Services -1.24% MADU.N , % HNB.X ,756,737 Store Supplies -3.97% UAL.N , % CTC.N 1, ,710,282 Telecommunications -1.07% Top Losers Top Turnovers Top Volumes Security Price(LKR) - Volume % Security Price(LKR) Volume Hotels and Travels Investment Trust IT Land Property Manufacturing Motors Trading -0.78% -2.33% 0.00% -1.51% -3.27% -0.55% -1.53% AINV.N ,125,020-33% JKH.N ,254,126 PCHH.N ,003-17% AINV.N ,125,020 CTCE.N ,003-17% TESS.N ,870 TFC.X ,501-14% COMB.N ,273 Quote of the Day: "Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett RHL.X ,048-9% ALHP.N ,300 Important Disclosures and Contact Details: Page 9 Research Contact Gayan Rajakaruna Sahan Rathnayake Naleen Sadeesh Page 1

2 Sri Lanka Equity Marketwatch: Daily World Market % Crossings Security No of Crossings Price Volume WTI Crude Oil (USD/barrel) Gold (USD/Ounce) S & P 500 MSCI AC Index % JKH , % JKH , % % AWPLR (Weekly) TB-364 days LIBOR-6 months SLIBOR - 6 months USD:LKR JPY:LKR EUR:LKR 11.41% 9.15% 2.51% 10.74% Dividends Security DPS(LKR) Type XD Date KZOO 0.13 Interim LVEN 2.75 Final CSE Indices Movement World Indices Comparison 1.50% 6,160 3, % 6,150 6,140 3,330 3,320 3, % 0.00% -0.50% 8/7/2018 8/8/2018 8/9/2018 8/10/2018 8/13/2018 6,130 6,120 3,300 3,290 3, % -1.50% -2.00% 6,110 3, % 6,100 3,260 3, % -3.50% 6,090 8/8/2018 8/9/2018 8/10/2018 8/13/2018 8/14/2018 ASI S&P SL20 3,240 SENSEX INDEX FSSTI INDEX S&P 500 ASI HSI INDEX Turnover Movement Demand Behavior 1,200,000 1,000, , , , , , , , , , ,000 50, /8/2018 8/9/2018 8/10/2018 8/13/2018 8/14/ /8/2018 8/9/2018 8/10/2018 8/13/2018 8/14/2018 Foreign Purchases Domestic Purchases Page 2

3 Sri Lanka Equity Marketwatch: Daily Share Prices Company Symbol Price (LKR) Change(LKR Turnover Volume % PER Bank Finance and Insurance ABANS FINANCIAL SERVICES LTD AFSL ALLIANCE FINANCE CO PLC ALLI ,500 5, AMANA TAKAFUL PLC ATL AMANA BANK LTD ABL 3.10 (0.10) 1, (3.13) AMW CAPITAL LEASING & FINANC AMCL ARPICO FINANCE CO PLC ARPI ARPICO INSURANCE LTD AINS , ASIA ASSET FINANCE LTD AAF , ASIA CAPITAL PLC ACAP ,816 5, SOFTLOGIC LIFE INSURANCE PLC AAIC (0.50) 858,498 32, ASSOCIATED MOTOR FINANCE CO AMF AIA INSURANCE LANKA PLC CTCE CAPITAL ALLIANCE FINANCE LTD CALF (0.00) 1,811,452 - (0.00) - CENTRAL FINANCE CO PLC CFIN (1.00) 1,489,344 15,513 (1.03) 3.75 CENTRAL INVESTMENTS & FINANC CIFL CEYLINCO INSURANCE CO PLC CINS 1, , CHILAW FINANCE PLC CFL CITIZENS DEVELOPMENT BUSINES CDB , COMMERCIAL BANK OF CEYLON PL COMB (1.20) 61,372, ,273 (0.96) 7.01 COMMERCIAL CREDIT LTD COCR , COMMERCIAL LEASING & FINANCE CLC ,400 1, DFCC VARDHANA BANK PLC DFCC (0.90) 2,252,737 - (0.91) 6.86 FIRST CAPITAL HOLDINGS PLC CFVF (0.20) 3,111, ,728 (0.67) 1.62 GEORGE STEUART FINANCE LTD GSF , HATTON NATIONAL BANK PLC HNB (1.30) 659,194 2,980 (0.59) 6.34 HNB ASSURANCE PLC HASU (1.10) 1,088,145 9,664 (0.97) 3.64 JANASHAKTHI INSURANCE CO PLC JINS (0.10) 795,263 34,683 (0.44) 0.70 LOLC FINANCE PLC LOFC 3.10 (0.10) 52,803 17,001 (3.13) 4.19 LANKA ORIX LEASING CO PLC LOLC (4.00) 2,338,489 27,130 (4.45) 4.20 LANKA VENTURES PLC LVEN LB FINANCE PLC LFIN (0.50) 23, (0.43) 3.58 MERCHANT BK OF SRI LNKA & FI MBSL 9.10 (0.40) 17,975 1,984 (4.21) - MERCANTILE INVESTMENTS LTD MERC 2, MULTI FINANCE LTD MFL NATION LANKA FINANCE PLC CSF ,080 28, NATIONAL DEVELOPMENT BANK PL NDB (0.20) 474,325 4,129 (0.17) 4.51 NATIONS TRUST BANK PLC NTB (0.00) 600,179 6,659 (0.00) 6.02 ORIENT FINANCE PLC BFN (0.10) 189,026 16,728 (0.88) 5.14 PAN ASIA BANKING CORP LTD PABC (0.20) 242,544 17,510 (1.43) 3.77 PEOPLE'S LEASING & FINANCE P PLC ,576 33, PEOPLE'S MERCHANT FINANCE PL PMB , PEOPLE'S INSURANCE PLC PINS Page 3

4 SAMPATH BANK PLC SAMP (1.50) 29,725, ,402 (0.54) 4.57 SANASA DEVELOPMENT BANK LTD SDB (0.30) 106,317 1,286 (0.36) 8.45 SENKADAGALA FINANCE CO LTD SFCL SEYLAN BANK PLC SEYB , SINGER FINANCE LANKA LTD SFIN ,057 5, SINHAPUTHRA FINANCE LTD SFL 8.00 (0.30) 1,896, ,338 (3.61) 9.35 SOFTLOGIC CAPITAL PLC SCAP 5.40 (0.10) 246,947 45,664 (1.82) 2.89 SOFTLOGIC FINANCE PLC CRL (1.20) 92,720 3,310 (4.11) 4.86 SWARNAMAHAL FINANCIAL SERVIC SFS UNION BANK OF COLOMBO LTD UBC (0.10) 143,705 12,514 (0.87) - VALLIBEL FINANCE LTD VFIN (0.50) 27, (0.75) 1.08 SMB LEASING PLC SEMB , , FINANCE CO PLC/THE TFC ,979 3, HOUSING DEVELOPMENT FIN CORP HDFC ,271 1, UNION ASSURANCE PLC UAL ,130,547 18, Beverage Food and Tobacco BAIRAHA FARMS PLC BFL (3.00) 194,356 1,564 (2.36) 4.29 CARGILLS (CEYLON) PLC CARG , CEYLON BEVERAGE HOLDINGS PLC BREW (0.00) - - (0.00) CEYLON COLD STORES PLC CCS DILMAH CEYLON TEA CO PLC CTEA CEYLON TOBACCO CO PLC CTC 1, ,710,282 10, RENUKA FOODS PLC COCO (0.60) 743,724 33,911 (4.14) CONVENIENCE FOODS LANKA PLC CONV , DISTILLERIES CO OF SRI LANKA DIST ,944 14, HARISCHANDRA MILLS PLC HARI 1, HVA FOODS LTD HVA 4.80 (0.20) 94,146 19,351 (4.00) KEELLS FOOD PRODUCTS PLC KFP (0.00) 2, (0.00) LANKA MILK FOODS CWE PLC LMF , NESTLE LANKA PLC NEST 1, , RAIGAM WAYAMBA SALTERNS LTD RWSL ,729 68, RENUKA AGRI FOODS PLC RAL ,461 26, TEA SMALLHOLDER FACTORIES TSML LION BREWERY CEYLON PLC LION THREE ACRE FARMS PLC TAFL Chemical and Pharmaceutical CHEMANEX PLC CHMX (2.80) 25, (5.73) 1.68 CIC HOLDINGS PLC CIC HAYCARB PLC HAYC INDUSTRIAL ASPHALTS CEYLON ASPH MORISON PLC MORI LANKEM CEYLON PLC LCEY (2.30) (7.64) - MULLER & PHIPPS CEYLON PLC MULL , PC PHARMA PLC PCP SINGALANKA STANDARD CHEMICAL SING UNION CHEMICALS LANKA PLC UCAR Construction and Engineering COLOMBO DOCKYARDS PLC DOCK (0.20) 6, (0.33) - LANKEM DEVELOPMENTS PLC LDEV 5.30 (0.20) 105,964 20,219 (3.64) 2.04 MTD WALKERS PLC KAPI 9.10 (0.30) 274,822 30,131 (3.19) - ACCESS ENGINEERING PLC AEL (0.20) 1,229,108 78,731 (1.27) 4.76 Page 4

5 Diversified Holdings AITKEN SPENCE PLC SPEN (1.00) 2,261,209 49,185 (2.13) 5.45 ADAM INVESTMENTS PLC AINV 0.20 (0.10) 225,006 1,125,020 (33.33) - BROWNS INVESTMENTS LTD BIL ,175, , CARSON CUMBERBATCH PLC CARS (0.10) 16, (0.06) - COLOMBO FORT LAND & BLDG CO CFLB (0.20) 100,345 6,565 (1.29) - CT HOLDINGS PLC CTHR DUNAMIS CAPITAL PLC CSEC (0.60) 387,762 19,832 (3.02) 0.95 EXPOLANKA HOLDINGS PLC EXPO ,616 6, BROWNS CAPITAL PLC FLCH 3.80 (0.10) 317,005 81,796 (2.56) 2.86 HAYLEYS PLC HAYL (2.30) 77, (1.16) HEMAS HOLDINGS PLC HHL , JOHN KEELLS HOLDINGS PLC JKH (1.40) 176,409,748 1,254,126 (0.99) 9.56 ADAM CAPITAL PLC PCHH 0.50 (0.10) 22,742 46,003 (16.67) 7.35 RICHARD PIERIS & CO PLC RICH (0.20) 527,847 50,196 (1.87) 8.04 SUNSHINE HOLDINGS PLC SUN (2.00) 5, (3.92) 8.37 SOFTLOGIC HOLDINGS PLC SHL ,976 10, TAPROBANE HOLDINGS LTD TAP ,900 5, MELSTACORP LIMITED MELS (1.50) - - (2.91) - VALLIBEL ONE LTD VONE (0.10) 149,677 7,941 (0.53) 5.82 Footwear and Textile HAYLEYS FABRIC PLC MGT ,975 5, ODEL PLC ODEL Healthcare ASIRI SURGICAL HOSPITAL PLC AMSL (0.10) 118,279 11,596 (0.97) ASIRI HOSPITALS HOLDINGS PLC ASIR (0.70) 504,178 20,699 (2.83) CEYLON HOSPITALS PLC CHL ,775 2,437 - (75.00) NAWALOKA HOSPITALS PLC NHL ,857 5, LANKA HOSPITAL CORP PLC LHCL SINGHE HOSPITALS LIMITED SINH 2.40 (0.10) 110,106 44,956 (4.10) - Hotels and Travels AITKEN SPENCE HOTEL HOLDINGS AHUN (0.40) 73,989 2,777 (1.48) 8.09 AMAYA LEISURE PLC CONN , ANILANA HOTELS & PROPERTIES ALHP , , ASIAN HOTELS & PROPERTIES PL AHPL , BERUWALA RESORTS LTD BERU , BROWNS BEACH HOTELS PLC BBH ,117 2, BANSEI ROYAL RESORTS HIKKADUWA LIMITED BRR CEYLON HOTELS CORP PLC CHOT CITRUS LEISURE PLC REEF 6.00 (0.40) 148,830 24,805 (6.25) 4.36 DOLPHIN HOTELS PLC STAF ,355 5, EDEN HOTEL LANKA PLC EDEN (0.30) 22,410 1,842 (2.44) - GALADARI HOTELS LANKA PLC GHLL ,490 10, HOTEL SIGIRIYA PLC HSIG (0.00) 10, (0.00) HUNAS FALLS HOTELS PLC HUNA (0.00) - 63 (0.00) - JOHN KEELLS HOTELS PLC KHL ,707 2, KANDY HOTELS CO 1938 PLC KHC 5.00 (0.10) 123,196 24,640 (1.96) MAHAWELI REACH HOTELS PLC MRH (0.20) 2, (1.29) - MARAWILA RESORTS PLC MARA 1.80 (0.10) 119,956 63,170 (5.26) - MIRAMAR BEACH HOTELS PLC MIRA PALM GARDEN HOTELS PLC PALM (0.00) (0.00) - PEGASUS HOTELS OF CEYLON PLC PEG Page 5

6 RAMBODA FALLS LTD RFL (0.00) - - (0.00) RENUKA CITY HOTELS PLC RENU , ROYAL PALMS BEACH HOTEL PLC RPBH WASKADUWA BEACH RESORT PLC CITW SERENDIB HOTELS PLC SHOT , SIGIRIYA VILLAGE HOTELS PLC SIGV TAL LANKA HOTELS PLC TAJ (0.90) 8, (6.00) TANGERINE BEACH HOTELS PLC TANG , FORTRESS RESORTS PLC RHTL 8.80 (0.10) 1, (1.12) 7.52 LIGHTHOUSE HOTEL PLC/THE LHL ,060 1, NUWARA ELIYA HOTELS CO PLC NEH 1, TRANS ASIA HOTELS PLC TRAN HIKKADUWA BEACH RESORT LTD CITH 5.20 (0.10) 6,250 1,202 (1.89) Information Technology E-CHANNELLING PLC ECL ,856 4, PC HOUSE LTD PCH Investment Trusts ASCOT HOLDINGS PLC ASCO CEYLON GUARDIAN INVESTMENT GUAR ,853 5, CEYLON INVESTMENT PLC CINV ,040 11, COLOMBO FORT INVESTMENTS PLC CFI (3.40) (6.81) COLOMBO INVESTMENT TRUST PLC CIT (0.60) (1.00) - LANKA CENTURY INVESTMENTS PLC GREG , GUARDIAN CAPITAL PARTNERS PL WAPO (0.60) 66,533 3,155 (2.76) 1, RENUKA HOLDINGS PLC RHL ,671 24, LEE HEDGES PLC SHAW Land and Property C T LAND DEVELOPMENT PLC CTLD , CARGO BOAT DEVELOPMENT CO CABO , CITY HOUSING & REAL ESTATE C CHOU 4.60 (0.10) 8,590 1,844 (2.13) - COLOMBO LAND & DVLP CO PLC CLND (0.80) 69,888 4,175 (4.62) 1.20 COMMERCIAL DEVELOPMENT CO COMD , EAST WEST PROPERTIES PLC EAST (0.80) 2,133, ,056 (5.33) - EQUITY TWO PLC ETWO HUEJAY INTL INVESTMENTS PLC HUEJ , MILLENNIUM HOUSING DEVELOPERS LIMITED MHDL 9.90 (0.10) 118,891 12,100 (1.00) 6.31 KELSEY DEVELOPMENT PLC KDL ON'ALLY HOLDINGS PLC ONAL ,147 1, OVERSEAS REALTY CEYLON PLC OSEA ,350 14, PROPERTY DEVELOPMENT PLC PDL , SERENDIB LAND PLC SLND 1, (0.00) - - (0.00) 5.24 SEYLAN DEVELOPMENTS PLC CSD ,837 33, YORK ARCADE HOLDINGS PLC YORK (1.00) 36, (1.15) 5.05 Manufacturing ABANS ELECTRICALS PLC ABAN ACL CABLES PLC ACL (0.30) 108,800 2,764 (0.76) 6.75 ACL PLASTICS PLC APLA , ACME PRINTING & PACKAGING PL ACME 4.80 (0.10) 39,154 8,157 (2.04) - ALUFAB PLC ALUF (0.50) 36,000 2,000 (2.70) ALUMEX LIMITED ALUM (0.20) 450,110 - (1.32) - BOGALA GRAPHITE LANKA PLC BOGA (0.60) 3, (4.32) - CENTRAL INDUSTRIES PLC CIND (1.10) 692,902 23,904 (3.74) 5.65 Page 6

7 CEYLON GRAIN ELEVATORS PLC GRAN ,810 3, CHEVRON LUBRICANTS LANKA PLC LLUB (0.80) 4,852,332 54,050 (0.89) 8.83 DANKOTUWA PORCELAIN PLC DPL 6.30 (0.20) 66,055 10,410 (3.08) - DIPPED PRODUCTS PLC DIPD , HAYLEYS FIBRE PLC HEXP ,627 6, KELANI CABLES PLC KCAB KELANI TYRES PLC TYRE , LANKA ALUMINIUM INDUS PLC LALU LANKA CEMENT PLC LCEM 2.80 (0.10) 24,615 8,750 (3.45) - LANKA CERAMIC PLC CERA , LANKA WALLTILE PLC LWL (0.00) 4, (0.00) 4.57 LAXAPANA BATTERIES LTD LITE ORIENT GARMENTS LTD OGL PIRAMAL GLASS CEYLON PLC GLAS ,951, , PRINTCARE PLC CARE REGNIS LANKA PLC REG RICHARD PIERIS EXPORTS PLC REXP , ROYAL CERAMICS LANKA PLC RCL (2.30) 277,964 3,088 (2.48) 3.68 SAMSON INTERNATIONAL PLC SIL SINGER INDUSTRIES CEYLON PLC SINI , SWADESHI INDUSTRIAL WRKS PLC SWAD 12, SWISSTEK CEYLON PLC PARQ (1.60) 496,255 12,105 (3.76) 3.73 TEXTURED JERSEY LANKA LTD TJL ,948 1, TOKYO CEMENT CO LANKA PLC TKYO (1.00) 910,970 29,311 (3.13) Motors COLONIAL MOTORS PLC DIESEL & MOTOR ENGINEERING DIMO , LANKA ASHOK LEYLAND PLC ASHO , SATHOSA MOTORS PLC SMOT AUTODROME PLC AUTO UNITED MOTORS LANKA PLC UML , Oil Palms SELINSING PLC SELI SHALIMAR MALAY PLC SHAL 1, (0.00) - - (0.00) 4, BUKIT DARAH PLC BUKI , GOOD HOPE PLC/THE GOOD 1, , , INDO-MALAY PLC/THE INDO 1, , Plantations AGALAWATTE PLANTATIONS PLC AGAL BALANGODA PLANTATIONS PLC BALA (0.10) 58,575 3,817 (0.65) - BOGAWANTALAWA TEA ESTATES BOPL 9.90 (0.40) 31,564 3,119 (3.88) - ELPITYA PLANTATIONS PLC ELPL (0.80) 70,233 3,512 (3.85) 4.65 HAPUGASTENNE PLANTATIONS PLC HAPU (0.80) 7, (4.28) - HORANA PLANTATIONS PLC HOPL , KAHAWATTE PLANTATIONS PLC KAHA KEGALLE PLANTATION PLC KGAL KELANI VALLEY PLANTATIONS PL KVAL KOTAGALA PLANTATIONS PLC KOTA 8.20 (0.20) 8,202 1,000 (2.38) 4.55 MADULSIMA PLANTATIONS PLC MADU ,949 10, MALWATTE VALLEY PLANT-VOTING MAL 6.00 (0.20) 215,834 35,964 (3.23) 2.90 MASKELIYA PLANTATION PLC MASK (1.00) 737,818 63,710 (7.81) 6.08 Page 7

8 NAMUNUKULA PLANTATIONS PLC NAMU (0.50) 73,501 1,000 (0.68) 5.72 TALAWAKELLE TEA ESTATES PLC TPL (2.40) 19, (4.72) 2.10 UDAPUSSELLAWA PLANTATION PLC UDPL (1.20) 28,000 1,000 (4.11) 4.71 WATAWALA PLANTATION PLC WATA (1.50) 22,392 1,038 (6.49) 6.69 Power and Energy LANKA IOC PLC LIOC (1.40) 1,900,353 60,805 (4.31) - LAUGFS GAS PLC - VOTING LGL (0.20) 52,411 3,170 (1.20) - HEMAS POWER CO LTD HPWR LOTUS HYDRO POWER PLC HPFL PANASIAN POWER LTD PAP ,502 36, VALLIBEL POWER ERATHNA PLC VPEL , , VIDULLANKA PLC VLL , Services ASIA SIYAKA COMMODITIES LTD ASIY 2.00 (0.10) 284, ,060 (4.76) CEYLON PRINTERS PLC CPRT (0.00) - - (0.00) - CEYLON TEA BROKERS PLC CTBL 2.90 (0.10) 545, ,100 (3.33) 4.11 JOHN KEELLS PLC JKL RENUKA CAPITAL PLC KZOO , LAKE HOUSE PRINTERS & PUBLIS LPRT MERCANTILE SHIPPING CO PLC MSL PARAGON CEYLON PLC PARA (0.00) - - (0.00) - Store Supplies COLOMBO PHARMACY CO PLC PHAR , E.B. CREASY & CO PLC EBCR 1, GESTETNER OF CEYLON PLC GEST HUNTER & CO PLC HUNT , Telecommunications DIALOG AXIATA PLC DIAL ,892 9, SRI LANKA TELECOM PLC SLTL ,138 3, Trading BROWN & CO PLC BRWN (0.30) 159,456 3,229 (0.60) 4.31 CW MACKIE PLC CWM CEYLON & FOREIGN TRADES PLC CFT , , EASTERN MERCHANTS PLC EMER OFFICE EQUIPMENT PLC OFEQ , RADIANT GEMS INTL PLC RGEM SINGER SRI LANKA PLC SINS ,550 3, TESS AGRO PLC TESS , , Corporate Debt Securities Traded on: Security Board Yield (%) Traded Price Traded Quantity Traded Value COMB/BD/08/03/26-C SPOT , Page 8

9 Sri Lanka Equity Marketwatch: Daily Head Office Branches LOLC Securities Limited Kurunegala Branch No 06, 1st Floor, Matara Branch 1 st Floor, No.481, T.B.Jayah Mawatha Colombo 10, Sri Lanka Tel: Fax: Union Assurance Building, Rajapilla Mawatha Kurunegala, Sri Lanka Tel: Fax: E.H. Cooray Towers, No 24, Anagarika Dharmapala Mw. Matara, Sri Lanka Tel: Contact Us Sriyan Gurusinghe CEO/Managing Director / sriyang@lolcsecurities.com Manjula Kumarasinghe Head Office COO - Sales & Marketing / manjulak@lolcsecurities.com Maniesh Rodrigo Assistant General Manager -Sales / manieshr@lolcsecurities.com Samadhi Jayasinghe Manager Institutional Sales / samadhij@lolcsecurities.com Imesh Fernando Assistant Manager -Sales / imeshf@lolcsecurities.com Bimal Malinda Dushan Rajaguru Assistant Manager Trade / / bimalm@lolcsecurities.com dushanr@lolcsecurities.com Ushan De Silva / ushand@lolcsecurities.com Kurunegala Branch Rohana Chandrasiri Anurudda Rajakaruna Nuwan Fernando Bandula Senarathne Niraj Jayamanne / / / nuwanfe@ lolcsecurities.com bandulase@lolcsecurities.com nirajj@lolcsecurities.com Matara Branch Ahamed Aadil Thilina Sameera Damith Chaminda RESEARCH Gayan Rajakaruna Sahan Rathnayake Naleen Sadeesh Subhanie Tennekoon Hasantha Miriyagalla Assistant General Manager / Senior Research Analyst / Research Analyst / Research Analyst / Junior Research Staff / / rohanac@ lolcsecurities.com anuruddhar@ lolcsecurities.com aadila@lolcsecurities.com / thilinawa@lolcsecurities.com / damithc@lolcsecurities.com gayanraj@lolcsecurities.com sahanr@lolcsecurities.com naleensa@lolcsecurities.com General Disclaimer: LOLC Securities Limited is a company incorporated in Sri Lanka and licensed by the Securities and Exchange Commission of Sri Lanka to operate as a stockbroker/stock dealer in Sri Lanka. LOLC Securities Limited is a trading member of Colombo Stock Exchange. This research is based on information from sources that LOLC Securities Limited believes to be reliable. Whilst reasonable care has been taken to ensure accuracy of the information presented in the research, LOLC Securities Limited does not give a guarantee on the accuracy of the information presented in the paper nor will take the responsibility on investment decisions taken based on the information provided by the research and hence LOLC Securities Limited nor its employees accepts any liability whatsoever for any loss arising from investments decisions taken using the information provided in this paper. The reader also should note this paper does not give recommendations to any particular category of investors and investor should consult investment advisors for further clarifications regarding risks involved in investing in equity market. Investing in securities has inherent risks with no guaranteed return and price may be subjected to significant volatilities. No part of this report should be considered as a solicitation to buy or sell any security or product or to engage in or refrain from engaging in any transaction. LOLC Securities Limited or its employees may or may not hold positions in the securities discussed in the research and the information provided in the research should not be construed as a buy or sell instruction for any securities mentioned in the research, Unless otherwise specifically mentioned. This research is intended for general use for clients of LOLC Securities Limited and must not be copied in whole or in part or distributed to any third party for commercial use without permission from LOLC Securities Limited. If the reader is not the intended recipient please inform LOLC Securities Limited immediately by return to research@lolcsecurities.com. LOLC Securities Limited s other staff including sales people, traders and other professionals may provide oral or written market commentaries or trading strategies to our clients which reflect opinions which are contrary to the opinions expressed in this research which may be influenced by different circumstances. LOLC SEC Research Reports are also available at Bloomberg LOLC <GO> For U.S. persons only: This research report is a product of LOLC Securities Limited, which is the employer of the research analyst(s) who has prepared the research report. The research analyst(s) preparing the research report is/are resident outside the United States (U.S.) and are not associated persons of any U.S. regulated broker-dealer and therefore the analyst(s) is/are not subject to supervision by a U.S. broker-dealer, and is/are not required to satisfy the regulatory licensing requirements of FINRA or required to otherwise comply with U.S. rules or regulations regarding, among other things, communications with a subject company, public appearances and trading securities held by a research analyst account. This report is intended for distribution by LOLC Securities Limited only to "Major Institutional Investors" as defined by Rule 15a-6(b)(4) of the U.S. Securities and Exchange Act, 1934 (the Exchange Act) and interpretations thereof by U.S. Securities and Exchange Commission (SEC) in reliance on Rule 15a 6(a)(2). If the recipient of this report is not a Major Institutional Investor as specified above, then it should not act upon this report and return the same to the sender. Further, this report may not be copied, duplicated and/or transmitted onward to any U.S. person, which is not the Major Institutional Investor. In reliance on the exemption from registration provided by Rule 15a-6 of the Exchange Act and interpretations thereof by the SEC in order to conduct certain business with Major Institutional Investors, LOLC Securities Limited has entered into an agreement with a U.S. registered broker-dealer, Marco Polo Securities Inc. ("Marco Polo"). Transactions in securities discussed in this research report should be effected through Marco Polo or another U.S. registered broker dealer. Page 9

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