Colombo Stock Market activity on 13th May 2009.

Market declined significantly due to price declines in market heavy weight stocks such as Dialog, Distilleries & John Keells Holdings. ASI lost 18.17 points to close at 1870.45 while MPI closed 39.27 points lower at 2012.26.

Turnover was Rs 138.8 million. JKH contributed Rs 33.5 million towards total market turnover & closed 75 cents lower at Rs 76.00. Colombo Dockyard lost 1.50 to close at Rs 66.50. J.L. Morison sons & Johnes Plc was up by Rs 50.00 to close at Rs 400.00, but only 200 shares traded.

Today’s announcements at CSE.

13-May-2009 ANNOUNCEMENT MADE BY NDB & CAPITAL DEVELOPMENT AND INVESTMENT COMPANY PLC TO CSE.

NDB and Capital Development and Investment Company PLC (CDlC) wish to make the following immediate disclosure in terms of Section 8 of the Listing Rules in relation to Corporate Disclosures; ( CDIC is a subsidiary of National Development Bank PLC)."The Board of Directors of CDIC, has made an offer to purchase a direct and indirect shareholding representing fifty one percent (51 %) of the issued share capital of Eagle NDB Fund Management Company Limited ("ENDB") for the price of Rs. 29.55 for each share of ENDB from Eagle Insurance PLC (Eagle) on the basis that CDIC shall have effective control of ENDB, which offer has now been accepted by Eagle.The following purchase is however subject to receiving relevant regulatory approvals and subject also to the execution of legal documents".

13-May-2009 EAGLE INSURANCE PLC

Eagle Insurance PLC wishes to inform the following immediate disclosure in terms of section 8 of the listing Rules in relation to Corporate Disclosures;The Board of Directors of Eagle, at its meeting held on 12th May 2009, has decided to divest its investment in its wholly owned subsidiary, Eagle NDB Fund Management Company Limited ("ENDB").In terms of this decision, Eagle has agreed to sell to Capital Development & Investment Company and Aviva NDB Finance Lanka Private Limited, five million (5,000,000) shares, comprising the entirety of the issued share capital of ENDB, at the price of LKR 29.55 for each share of ENDB at a total consideration of LKR 147.77 Million, in terms of a valuation carried out by KPMG Ford Rhodes, Thornton & Company dated 11 th May 2009, in the following proportions. 1)To Capital Development & Investment Company - Eight hundred and seven thousand six hundred and sixty six (807,666) shares of the issued share capital of ENDB representing sixteen point one five percent (16.15%) of the issued share capital of ENDB; 2)To Aviva NDB Finance Lanka Private Limited - Four million one hundred and ninety two thousand three hundred and thirty four (4,192,334) shares of the issued share capital of ENDB representing eighty three point eight five percent (83.85%) of the issued share capital of ENDB. The following sale is subject to the ENDB receiving the approval of the Securities and Exchange Commission of Sri Lanka under Section 31 G of the Securities and Exchange Commission of Sri Lanka No. 36 of 1987(as amended)

13-May-2009 Debenture Issue - Nations Trust Bank PLC

The debentures of the above Bank will be listed on May 14, 2009 on the Debt Securities - Main Board of the CSE.The assigned securities codes are as follows:Debenture Type:- Fixed rate debentures (20.53%) per annum payable semi - annuallySecurity Code:- NTB.D0145Deposits would be accepted by the Central Depository Systems (Pvt) Ltd.(CDS) with immediate effect.