05-02-2009.

ASI was down by 46.12 to end at 1755.47 while more sensitive MPI was down by 84.97 points & ended at 1850.71.

Turnover was Rs 92.6 million.

There were 19 gainers & 108 losers indicating negative activity. This may be due to profit taking by investors on past week gains.

Price declines in Dialog, JKH & SLT was the main reason for the massive drop in indices.

Announcements
AMALGAMATION OF ECO – FIBERS (PVT) LTD (FULLY OWNED SUBSIDIARY OF HAYLEYS EXPORTS PLC) WITH HAYLEYS EXPORTS PLC

Company informs that under the Section 242 of the Companies Act No.7.2007, Eco – Fibers (Pvt) Ltd (EFL), a fully owned subsidiary of Hayleys Exports PLC will be amalgamated with Hayleys Exports PLC (HEP) with effect form 9th March 2009 or at a later date which will be determined by the Registrar General.The management of both Companies are of the opinion that it would be of administrative and financial benefit to operate the companies as one entity and for HEP to take over the business of EFL.The company has also taken into consideration inter alia;1.The amalgamation of EFL and HEP in terms of section 242(1) of the Companies Act No.7 of 2007 is approved by the Directors of both Companies and also in terms with the Articles of Association of both companies.2.The shares of EFL will be cancelled without payment and the shares of HEP shall remain unaltered. The Registrar shall remove all the particulars of EFL from the Register maintained at the Registrar of companies.3.The board is satisfied that HEP, will satisfy the solvency test immediately after the amalgamation becomes effective.

SEYLAN BANK PLC (BANK) – DEBENTURE ISSUE

The debentures of the above Bank will be listed on 10th February 2009 on the Debt Securities- Main Board of the CSE.The assigned securities codes are as follows:Debenture Type – Security CodeFixed rate debentures (20.5% p.a.) payable monthly – SEYB.D0141Fixed rate debentures (21.5% p.a.) payable annually- SEYB.D0142Variable rate debentures payable quarterly – SEYB.D0143Variable rate debentures payable annually – SEYB.D0144Deposits would be accepted by the Central Depository Systems (Pvt.) Ltd., (CDS) with immediate effect.

LANKEM CEYLON PLC-Dividend Dates

Company ID:- LCEYDate of Announcement:- 05.Feb.2009Rate of Dividend:- Rs.1.80 per share-First & Final Dividend Financial Year:- 2007/2008AGM:- 16.Mar.2009XD:- 17.Mar. 2009 Payment:- 23.Mar.2009 Share Transfer Book Open

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