Busy day at Colombo Stock Exchange.

CSE reported high turnover of Rs 1.9 billion today. Market opened higher but ended the day marginally up due to profit taking. At one point it was red but picked up again with return of bargain hunters.

ASI gained 4.21 points to close at 2146.73. MPI was up by 8.25 to close at 2466.90.
Over 7 million JKH shares traded today with Rs 794 million contributions towards total market turnover. JKH ended the day Rs 1.75 higher at Rs 114.00. NDB also traded heavily (1,844,500) & closed 50 cents lower at Rs 117.50.

Fourteen & half million of Hotel Services (Ceylon) Plc shares traded today & closed 50 cents higher at Rs 16.50.

Sri Lanka’s largest mobile operator Dialog Telekom closed flat at Rs 5.50 but over 25.9 million shares traded.

Announcements released to Colombo Stock Exchange.

22-May-2009 RIGHTS ISSUE - SIGIRIYA VILLAGE HOTELS PLC

Please note that 3,421,050 Ordinary shares of the company were listed on 22nd May 2009, pursuant to a 1:1 Rights issue.

22-May-2009 REORGANIZATION OF SEYLAN BANK PLC VIA INCREASING ITS CAPITAL - CENTRAL BANK OF SRI LANKA

Central Bank of Sri Lanka has informed the CSE the following "Further to our letter dated April 20, 2009, and the announcement made to the market, in respect of the above. 2. The Committee for Evaluation of Bids on Seylan Bank PLC has completed its evaluation of the bids submitted by the two short listed prospective investors. The evaluation revealed that the bids received were not fully compliant with the requirements of the bid conditions. At the same time, the Monetary Board was also of the view that it would be useful to review some of the criteria as set out in the original bid document. Accordingly, the Monetary Board of the Central Bank of Sri Lanka has decided to invite fresh proposals once again from five selected prospective strategic investors in accordance with revised criteria.3. Accordingly, we herewith attach an "Announcement to the Exchange" .as required under Rule 5(4)(c) of the Listing Rules (April 2009), for your kind consideration and necessary action. ANNOUNCEMENT *Introduction Further to the announcement made to the Colombo Stock Exchange on April 20, 2009 by the Central Bank of Sri Lanka with regard to the issue of securities of Seylan Bank PLC by way of a private placement under and by virtue of the powers vested with the Monetary Board of the Central Bank of Sri Lanka, in terms of Section 30(9) of the Monetary Law Act. The Committee for Evaluation of Bids on Seylan Bank PLC has completed its evaluation of the bids submitted by the two short listed prospective investors. The evaluation revealed that the bids received were not fully compliant with the requirements of the bid conditions. At the same time, the Monetary Board was also of the view that it would be useful to review some of the criteria as set out in the original bid document. Accordingly, the Monetary Board of the Central Bank of Sri Lanka has decided to invite fresh proposals once again from five selected prospective strategic investors in accordance with revised criteria. The said selected prospective strategic investors are given time till June OS, 2009 to submit their bids.Accordingly, the Monetary Board is expected to make the final decision by June 16, 2009 and notify the successful bidder immediately thereafter. * Issue of securities to a strategic partner/investor: 1. The number of securities to be issued and listed by type of security Shares with voting rights - 33 1/3 % of ownershipShares with non- voting rights - will be notified in due course,Other Classes of Shares - will be notified in due course,Debentures - will be notified in due course.2. The prices at which each of the listed securities are to be issued will be notified in due course. * Additional information: Details of the selected strategic partner including allocation of shares (voting ordinary, non-voting ordinary and other classes of shares), debenture, consideration per share/debenture etc. will be notified to the Securities & Exchange Commission of Sri Lanka and the Colombo Stock Exchange, accordingly. The Securities & Exchange Commission of Sri Lanka has informed that Rule 31 of the provisions of the Take-overs and Mergers Code, 1995 cannot be enforced relating to issuance of voting shares to a strategic investor amounting to 33 1/3 of the voting rights of the bank".