Bank Statement

Dec 29, 2008 (LBO) – Sri Lanka Seylan Bank has a issued a statement on a planned sale of its shares by the Ceylinco group. Seylan Bank is a licensed commercial bank which is regulated and supervised by the Central Bank of Sri Lanka.

The full statement is reproduced below:

Press release from Seylan Bank

Following the Founder Chairman Deshamanya Dr. Lalith Kotelawela’s Press release of Saturday 27th December 2008, we would like to make the following clarifications to the General Public and our Valued customers of Seylan Bank, as we have received inquiries in this regard.

What has been stated in the press release is that our Founder Chairman and Ceylinco Group have decided to divest Seylan Bank shares owned by Ceylinco Group so as to raise funds to honour the dues to Golden Key credit card holders. We emphasize that the intended sale is of the shares owned by Ceylinco Group to a potential reputed investor subject to the permission of the relevant regulatory authorities.

This is merely a transaction between Ceylinco Group as share holders and a new acceptable investor.

It is further clari