Colombo local investors are accumulating shares with hoping quicker end of war against terrorist. ASI gained 18.85 points to close at 1744.14 while more liquid MPI closed 13.95 points higher at 1838.58.

Turnover was Rs 129.5 million.

Lanka Cement was up by 50 cents to close at Rs 14.00. Highly illiquid The Bukit Darah Plc gained 82 rupees to close at Rs 880.00.

JKH closed unchanged at Rs 64.00.

Announcements.

17-Apr-2009 MANDATORY OFFER BY JOHN KEELLS HOLDINGS PLC TO PURCHASE ALL THE REMAINING ORDINARY SHARES. OF UNION ASSURANCE PLC – John Keells Holdings PLC

The Company has made further the announcement to the CSE “Mandatory Offer made by John Keells Holdings PLC to the Shareholders of Union Assurance PLC (UAL) by the Offer Document of John Keells Holdings PLC dated 26th March 2009, it is hereby announced that, 1.The Mandatory Offer made by John Keells Holdings PLC has been extended until the 4th of May 2009 (the initial closing date of the Offer was 16th April 2009).2.In terms of Rule 24 of the Company Take – over & Mergers Code we give below the total number of shares (as nearly as practicable) (a)For which acceptances of the Offer have been received as at 16th of April 2009. 811,664 ordinary shares representing 2.16% of the Stated Capital of UAL(b)Held by John Keells Holdings PLC and parties acting in concert (namely its subsidiaries )before the Offer Period (i)John Keells Holdings PLC – 25,275,051 ordinary shares representing 67.40% of the Stated Capital of UAL(ii)Whittal Boustead (Travel) Limited – 2,776,309 ordinary shares representing 7.40% of the Stated Capital of UAL(iii)Mackinnon and Keells Financial Services Ltd – 1,246,169 ordinary shares representing 3.32% of the Stated Capital of UAL(C) Acquired or agreed to be acquired during the Offer Period – Nil”

17-Apr-2009 REVALUATION OF PROPERTY, PLANT AND EQUIPMENT – Hotel Services (Ceylon) PLC

The Company has made the following announcement to the CSE “the Property, Plant and Equipment of the Company which had a value of Rs.538,055,985/= as at the date of our last quarterly accounts ended 31st December 2008, has been revalued at Rs.5,121,785,718/= on 27th March 2009 by A.Y. Daniel & Son, Consultant Incorporated Valuers, Negotiators. Auctioneers and the corresponding accounting entries will be incorporated in the books of accounts of 31st March 2009.The change is largely due to taking in the present value of the leasehold land into the books of accounts which hitherto had not been reflected in the company accounts”.

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