SLIC

Officials of some Commercial Bank unions through press conferences and press articles are trying to depict that the shareholders of the Bank, are acting in a manner that is detrimental to the banking sector. Officials of some Commercial Bank unions through press conferences and press articles are trying to depict that the shareholders of the Bank, are acting in a manner that is detrimental to the banking sector. The purpose of this campaign is to create a misnomer among the public opinion and set in motion a series of court action on a sympathetic note.

This notice is published for the interest of the public to keep them alerted and aware of true and correct position.

• Neither Sri Lanka Insurance nor Distilleries Company has purchased any shares of Commercial Bank of Ceylon after May 30, 2001.

• None of the above companies has purchased shares of DFCC Bank after Sep.18, 2002.

• The holdings of shares in large number of listed companies including bansk are made within the laws of the land. Monitoring bodies that are entrusted to govern the institutions have cleared the holdings as within the regulations.

• Further, not a single bank loan, overdraft, or any other bank facilit