Market ended further down today. ASI closed at 1655.19 (-14.69) & MPI closed at 1848.71 (-21.55).
Low turnover of LKR 70.6 Million recorded during the day showing much lower investor activity.
1,135,100 Seylan Bank nonvoting shares traded.

News, Events and Detailed Announcements

OFFER TO REPURCHASE, ON A PRO RATA BASIS OF 1 SHARE FOR EVERY 25 SHARES HELD. UP TO A MAXIMUM OF 25,500,000 ORIDINARY SHARES AT RS 90.00 PER SHARE

The offer by John Keells Holdings PLC (“the Company”) for repurchase, on a pro rata basis of 1 share for every 25 shares up to a maximum of 25,500,000 ordinary shares closed on 18 November 2008.The total number of shares tendered for repurchase (acceptances of the shareholder entitlements together with applications for repurchase of additional shares) exceeded the maximum number of shares offered for repurchase by the Company. Payments for the shares repurchased will be made by cheque and posted within 10 market days of the close of the offer.

VANIK INCORPORATION LIMITED – WINDING UP ORDER

Further to our earlier Announcement on the above subject Company wishes to inform that a Stay Order has been issued today on the Winding Up order on respect of Case No.WP/HCCA/COL/31/2008(R.A) against Vanik Incorporation Limited.

CAPITAL REACH LEASING LIMITED (“THE COMPANY”) – OFFER FOR SALE

The CSE has approved, in principle, an Application for the listing of the above mentioned shares on the Second Board. The details are as follows:-Number of shares to be offered: Offer for sale of 3,100,000 ordinary shares at Rs. 18/- per share. Date of opening of the subscription list: 8th December 2008.Managers to the offer: Capital Reach Holdings No.1 Lake Crescent Colombo 2.Registrars to the offer: SSP Corporate Services (Pvt) LimitedNo.101 Inner Flower Road Colombo 3.The date on which the Prospectus would be delivered to Member Firms /Trading Member would be 18th November 2008.

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