SANASA DEVELOPMENT BANK PLC STATEMENT OF FINANCIAL POSITION AS AT RS

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2 SANASA DEVELOPMENT BANK PLC STATEMENT OF FINANCIAL POSITION AS AT RS '000 Bank Increase Audited Assets Cash and cash equivalents 1,080,222 5,057,791-79% Placements with banks 5,911,641 4,757,401 24% Financial assets fair value through profit or loss 7,782 - #DIV/0! Other Financial Asset Classified under Loans and receivable 3,284,985 1,926,055 71% Loans and receivables to other customers 48,245,275 45,830,499 5% Financial investments Available-for-sale 78,679 79,679-1% Financial investments Held-to-maturity 691,109 1,192,440-42% Asset Held for Sale 37,175 37,175 0% Property, plant and equipment 524, ,172-5% Investment properties 25,239 25,503-1% Intangible assets 39,969 47,141-15% Other assets 1,163, ,138 48% Total assets 61,089,479 60,289,994 1% 799, ,717, Liabilities Due to other customers 42,433,521 43,023,393-1% Other borrowings 7,634,878 6,600,339 16% Debt securities issued (annual rep+ int exp) 4,080,543 3,979,111 3% Current tax liabilities 333, ,733 28% Deferred tax liabilities 91,392 66,411 38% Other liabilities 1,104,811 1,062,657 4% Total liabilities 55,678,452 54,992,643 1% Equity Stated capital/assigned capital 3,794,095 3,794,095 0% Statutory reserve fund 154, ,596 0% Retained earnings 1,415,679 1,302,003 9% Other reserves 46,657 46,657 0% Total equity 5,411,027 5,297,351 2% Total equity and liabilities 61,089,479 60,289,994 1% 0 - Contingent liabilities and commitments 136, ,574 0% Net Asset Per Share % Memorandum Information Number of Employees 1,219 1,198 2% Number of Branches % Certification: We, the undersigned, being the Directors, General Manager / CEO and the Assistant General Manager - Finance of the SANASA Development Bank PLC, certify jointly that :- ( a ) the above statements have been prepared in compliance with the format and definitions prescribed by the Central Bank of Sri Lanka ( b ) the information contained in these statements have been extracted from the unaudited financial statements of the Bank, unless indicated as audited. (sgd) Terrance Kumara AGM - Finance (sgd) Nimal C. Hapuarachchi General Manager/ CEO (sgd) Lakshman Abeysekera Director (sgd) D.J.K.Newunhelle Director Colombo

3 SANASA DEVELOPMENT BANK PLC Statement of Comprehensive Income For the Period Ended For the 03 months ended RS '000 Increase Interest income 1,895,776 1,475,367 28% Interest expenses (1,076,024) (660,825) 63% Net interest income 819, ,541 1% Fee and commission income 64,190 67,078-4% Fee and commission expenses (6,783) (739) 818% Net fee and commission income 57,408 66,339-13% Net gain/(loss) from financial instruments at fair value through profit or loss (162) % Other operating income (net) 21,581 23,177-7% Total operating income 898, ,097-1% Impairment for loans and other losses 80,071 79,435 1% Significant impairment 25,087 24,390 3% Collective impairment 54,984 55,045 0% Net operating income 818, ,661-1% Personnel expenses 310, ,407 43% Depreciation 39,820 37,136 7% Other expenses 225, ,090 26% Operating profit/(loss) before value added tax (VAT) 243, ,029-38% 519,307 Value added tax (VAT) on financial services & NBT (60,548) (75,257) -20% Operating profit/(loss) after value added tax (VAT) 182, ,772-42% 67,481 Profit/(loss) before tax 182, ,772-42% Tax expenses (63,978) (110,320) -42% Profit/(loss) for the period 118, ,451-42% Other Comprehensive Income Actuarial gains/(losses) on defined benefit plans (5,100) (5,500) -7% Gains and losses on re-measuring available-for-sale financial assets Income tax relating to other comprehensive income - - #DIV/0! Other Comprehensive Income for the period net of tax (5,100) (5,500) -7% Total Comprehensive Income for the period 113, ,951-43% Total Comprehensive Income attributable to Owners of parent 113, ,951-43% Non-controlling interests Total Comprehensive Income for the period 113, ,951-43% Basic earnings per ordinary share Rs No Circumstances have arisen since the Balance Sheet date, which require adjustment to or disclosure in the financial statemen There are no changes to the accounting policies and methods of computation of the Annual Report for the year ended 2015

4 SANASA DEVELOPMENT BANK PLC STATEMENT OF CASH FLOWS for the Quarter Ended Cash Flows From / (Used in) Operating Activities RS '000 BANK to to Interest Received 1,799,750 1,430,280 Fee and Commission Received 55,055 60,105 Receipts from other Operating Activities 30,716 30,149 Interest Payment (868,646) (529,326) Cash Payment to Employees (449,840) (210,365) Payments to Suppliers and Other Operating Activities (393,575) (358,767) Fee and Commission Expenses (12,894) (7,767) Operating Profit before Changes in Operating Assets 160, ,309 (Increase)/Decrease in Operating Assets Funds Advanced to Customers (2,530,304) (5,740,612) Other Short Term Securities 1,283,990 40,000 Increase/(Decrease) in Operating Liabilities Deposits from Customers (559,927) 4,828,402 Net Cash from Operating Activities Before Income Tax (1,645,675) (457,900) Tax Paid 36,595 (17,003) Net Cash from Operating Activities (1,609,079) (474,904) Cash Flows from / (Used in) Investing Activities Dividend Received 12 - (Increase)/ Decrease in Non Dealing Securities (1,891,120) 299,374 (Increase)/ Decrease in Dealing Securities (6,620) - (Increase)/ Decrease in Treasury Bonds and other Investments 482,236 (1,961,527) Proceeds from sale of Property, Plant and Equipment 9,900 9,090 Purchase of Property, Plant and Equipment (24,779) (15,221) Net Cash from/ (used in) Investing Activities (1,430,371) (1,668,283) Cash Flows from (Used in) Financing Activities Proceeds from Issuance/Allotment of Shares - Dividend Paid - - Net Increase/(Decrease) in Borrowing 971, ,880 Funds Received/(Utilized) During the period (14,186) (303) Net Cash Flow from/ (used in) Financing Activities 957, ,576 Net Increase/ (Decrease) in Cash and Cash Equivalents (2,081,840) (1,642,610) Cash and Cash Equivalent at the beginning of the year 10,323,171 6,689,143 Cash and Cash Equivalents at the end of the period 8,241,331 5,046,533

5 SANASA DEVELOPMENT BANK PLC STATEMENT OF CHANGES IN EQUITY For the Quarter Ended Bank Stated capital / Assigned capital Ordinary voting shares Statutory Reserve Investment Fund Reserves Retained earnings General reserves Rs '000 Total equity Balance as at 01/01/2015 (Opening balance) 3,533, , ,107 46,657 4,695,974 Total comprehensive income for the period Profit/(loss) for the period 205, ,451 Other comprehensive income (net of tax) (5,500) (5,500) Total comprehensive income for the period , ,951 Transactions with equity holders, recognised directly in equity Rights Issue Share issue/increase of assigned capital Transfer to Statutary Reserve fund Transfer to Investment Fund Dividends to Equity holders Other (32,574) (32,574) Total transactions with equity holders (32,574) - (32,574) Balance as at 31/03/2015 (Closing balance) 3,533, ,664-1,164,485 46,657 4,863,351 Balance as at 01/01/2016 (Opening balance) 3,794, ,596-1,302,003 46,657 5,297,351 Total comprehensive income for the period Profit/(loss) for the period 118, ,816 Other comprehensive income (net of tax) (5,100) (5,100) Total comprehensive income for the period , ,716 Transactions with equity holders, recognised directly in equity Scrip Dividend - Transfer to Statutary Reserve fund Transfer to Investment Fund - Dividends to equity holders - Other (40) (40) Total transactions with equity holders (40) - (40) Balance as at 31/03/2016 (Closing balance) 3,794, ,596-1,415,679 46,657 5,411,027

6 SANASA Development Bank PLC Segment Report Rs. '000 31st March Banking Leasing & HP Treasury Pawning Total Interest income 1,479,056 1,183, , , ,157 89,608 22,711 35,931 1,895,776 1,475,367 Interest expenses (802,934) (493,114) (76,307) (57,618) (184,345) (95,188) (12,438) (14,905) (1,076,024) (660,825) Net interest income 676, ,967 94, ,129 38,812 (5,579) 10,274 21, , ,541 Fee and commission income 58,544 62,696 5,647 4, ,190 67,078 Fee and commission expenses (6,783) (739) (6,783) (739) Net fee and commission income 51,761 61,957 5,647 4, ,408 66,339 Net gain/loss from financial instruments at fair value through profit or loss (162) (162) 40 Other operating income (net) 21,569 21, , ,581 23,177 Total operating income 749, , , ,510 38,663 (4,295) 10,274 21, , ,097 Impairment for loans and other losses (63,630) (60,434) (12,628) (18,362) - - (3,813) (639) (80,071) (79,435) Net operating income - Segment Result 685, ,423 87,562 95,148 38,663 (4,295) 6,461 20, , ,661 Un-allocated Expenses (575,166) (433,632) Value added tax (VAT) on financial services (60,548) (75,257) Profit before tax 182, ,772 Tax expenses (63,978) (110,320) Profit for the year 118, ,451 Other Comprehensive Income Other Comprehensive Income for the year net of tax (5,100) (5,500) Total Comprehensive Income for the year 113, , Segment Assets 43,443,646 32,858,032 4,128,672 3,839,329 9,974,196 6,342, , ,199 58,219,471 44,033,263 Un allocated assets ,870,008 2,334,292 Total Assets 43,443,646 32,858,032 4,128,672 3,839,329 9,974,196 6,342, , ,199 61,089,479 46,367,556 Segment Liabilities 41,547,525 30,970,825 3,948,474 3,618,816 9,538,867 5,978, , ,154 55,678,452 41,504,205 Total Equity ,411,027 4,863,351 Total Equity & Liabilities 41,547,525 30,970,825 3,948,474 3,618,816 9,538,867 5,978, , ,154 61,089,479 46,367,556

7 ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS as at Rs' 000 As at 31 st December 2015 Fair value through Profit HTM AFS Amortised cost Total or Loss FINANCIAL ASSETS Cash and cash equivalents ,057,791 5,057,791 Placements with banks ,757,401 4,757,401 Other financial assets at fair value through profit or loss Financial investments - Available-for-sale ,679-79,679 Financial investments - Held-to-maturity - 1,192, ,192,440 Loans and receivables to other customers ,830,499 45,830,499 Other Financial Asset Classified under Loans and receivable ,926,055 1,926,055 Total financial assets - 1,192,440 79,679 57,571,746 58,843,865 FINANCIAL LIABILITIES Due to other customers ,023,393 43,023,393 Other borrowings ,600,339 6,600,339 Debenture 3,979,111 3,979,111 Total financial liabilities ,602,843 53,602,843 As at 31 st March 2016 Fair value through Profit or Loss HTM AFS Amortised cost Total FINANCIAL ASSETS Cash and cash equivalents ,080,222 1,080,222 Placements with banks - - 5,911,641 5,911,641 Other financial assets at fair value through profit or loss 7, , Financial investments - Available-for-sale ,679-78,679 Financial investments - Held-to-maturity - 691, ,109 Loans and receivables to other customers ,245,275 48,245,275 Other Financial Asset Classified under Loans and receivable ,284,985 3,284,985 Total financial assets 7, ,109 78,679 58,522,124 59,299,693 FINANCIAL LIABILITIES Due to other customers ,433,521 42,433,521 Other borrowings ,634,878 7,634,878 Debenture 4,080,543 4,080,543 Total financial liabilities ,148,942 54,148,942

8 SANASA DEVELOPMENT BANK PLC Selected Performance Indicators Item As at As at (Audited) Regulatory Capital Adequacy Core Capital ( Tier I Capital ), Rs. Mn 5,192 5,226 Total Capital Base, Rs. Mn 5,348 5,414 Risk Weighted assets, Rs. Mn 44,175 43,283 Core Capital Adequacy Ratio 11.75% 12.07% ( As a % of Risk weighted assets - Minimum Requirement - 5% ) Total Capital Adequacy Ratio 12.11% 12.51% ( As a % of Risk weighted assets - Minimum Requirement - 10% ) Assets Quality ( Quality of Loan Portfolio ) Gross Non-performing Advances Ratio, ( net of Interest in Suspense ) 2.52% 2.37% Net Non-performing Advances Ratio, 0.27% 0.07% ( net of Interest in Suspense & Provisions ) Profitability Interest Margin, % 6.00% 7.13% Return on Assets ( Before Taxes ), % 1.20% 2.20% Return on Equity(After Taxes), % 8.88% 14.42% Statutory Liquid Asset Ratio, % (Minimum Requirement, 20%) 22.34% 22.16% Share Information Market value per share (Rs.) Highest price per share for the period (Rs.) Lowest price per share for the period (Rs.)

9 Twenty Largest Shareholders as at SHAREHOLDERS' INFORMATION Name of The Shareholder Number of Shares % Seylan Bank PLC /Thirugnanasambandar Senthilverl 5,056, % Global Rubber Industries (Pvt) Ltd 3,922, % People's Leasing & Finance PLC 1,866, % Seemasahitha Sanasa Rakshana Samagama (General) 1,036, % Dr. S.Yaddehige 1,027, % CB NY S/A International Finance Corporation 959, % Seemasahitha Sanasa Rakshana Samagama (Life) 811, % Kegalle Sanasa Share Holders Trust Company Limited 718, % Etimos Lanka (Pvt) Limited 575, % Sanasa Federation Limited 573, % Dr. T. Senthilverl 500, % Warakapola Sanasa Share Holders Trust Company Limited 468, % Hambanthota DTCCS Union Ltd 342, % Mr. D.P. Pieris 314, % Waldock Mackenzie Ltd / Mr.S.N.P.Palihena and Mrs.A.S.Palihena 300, % Polpithigama Sanasa Share Holders Trust Company Limited 257, % Kamburupitiya Sanasa Share Holding Trust Company Limited 244, % Kolonnawa Sanasa Share Holders Trust Company Limited 229, % Polgahawela Sanasa Societies Union Ltd 226, % Polgahawela Sanasa Share Holders Trust Company Limited 218, % Sub Total 19,649, % Other shareholder 20,596, % Total 40,246, % Percentage of public holding as at % ( Total No. of Shares 40,246,625 ) Number of Share Holders 40,151 Directors' Shareholding as at Name of Director No. of Shares Ms. M.S. Kiriwandeniya 5,158 Mr. B.R.A.Bandara 750 Mr. L.Abeysekera - Mr. T.Rajapaksha - Mr. H.M.G.B.Herath - Mr. J.A.L.G.Jayasinghe - Mr.D.J.K.Newunhelle - Prof.S.P.P.Amarathunga -

10 SANASA Development Bank PLC Listed Debenture Information Types of debentures (Fixed) Rs. '000 i) Rated Guaranted Redeemable Debentures of Rs.100 each - Guaranteed by Sampath Bank PLC. The debentures are quoted on the Colombo Stock Exchange. (Rated (SL)A+ (SO) with a Stable Outlook by ICRA Lanka Limited ) Type Interest Payable Frequency Issue Date Maturity Date Annual Effective Rate (AER) % Face Value Interest Payable Balance A Semi Annually 31-Dec ,597,390 39,913 1,621,372 B Semi Annually 31-Dec ,610 10, ,074 ii) Rated Guaranted Redeemable Debentures of Rs.100 each - Guaranteed by Seylan Bank PLC. The debentures are quoted on the Colombo Stock Exchange. (Rated (SL)A- (SO) with a Stable Outlook by ICRA Lanka Limited ) Type Interest Payable Frequency Issue Date Maturity Date Annual Effective Rate (AER) % Face Value Interest Payable Balance C Semi Annually 31-Dec ,438,050 37,054 1,460,762 D Semi Annually 31-Dec ,950 15, ,410 4,000, ,511 4,062,618