Bank Rating

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Sept 20, 2012 (LBO) – RAM Ratings has confirmed an ‘AAA’ long term and ‘P1’ short term rating of Sri Lanka’s Standard Chartered Bank branch, with a stable outlook. The full statement is reproduced below:

RAM Ratings Lanka reaffirms AAA/P1 rating to Standard
Chartered Bank-Sri Lanka branch

RAM Ratings Lanka has reaffirmed the respective long- and short-term financial
institution ratings of Standard Chartered Bank Sri Lanka Branch (SCBSL or the
Bank) at AAA and P1; the long-term rating has a stable outlook. The ratings are firmly
anchored by the credit profile of Standard Chartered Bank PLC of the UK (SCB-UK) of
which the Bank is a branch.

SCBSL is currently the second-largest foreign bank in Sri Lanka, with an asset base of
LKR 84.90 billion as at end-December 2011. It operates as a branch of SCB-UK which is
the headquarters of Standard Chartered Bank (SCB or the Group). SCB has presence
in over 70 markets, with its main focus in the Asian, Middle Eastern and African
markets.

The Group’s pre-tax profit grew 10.67% year-on-year (y-o-y) to USD 6.77
billion in FYE 31 December 2011 (FY D