Colombo Market Report – 29-05-2009.

Despite heavy profit taking by investors Colombo Market managed to close marginally higher. ASI gained 5.17 points to close at 2215.96 while Milanka index ended the day 5.98 points lower at 2519.79.

Turnover was Rs 764.7 million. Tokyo cement, SIRA, & Dialog Telekom were the heavily traded stocks today.

JKH was up by one rupee to close at Rs 115.25. Housing Development Finance Corporation (HDFC) gained 8.75 to close at Rs 83.00. Colombo Dockyard gained further 2.75 to close at Rs 95.75.

Distilleries Co of Sri Lanka (DIST) closed 2.25 lower at Rs 90.75. DFCC lost two rupees to close at Rs 118.00.

Colombo Stock Market Report – Busy day for both Investors & Brokers.

28-05-2009.

Once again massive turnover of Rs 1.3 billion recorded for the day. All share index climbed 54.75 points (2.54%) to close at 2210.79 while Milanka index gained 66.80 points to close at 2525.77.
John Keells Holdings (JKH) contributed Rs 330.6 million for the today’s market turnover by trading 2,918,200 shares within price range of Rs 111.00 to 114.50 & closed at Rs 114.25.

Coombo Dockyard Plc (DOCK) gained further 9.50 to close at Rs 93.00. Investors were chasing for Hotel & Banking shares. Sampath Bank was up by 14 rupees to close at Rs 108.00. Commercial Bank of Ceylon gained 6.50 to close at Rs 127.00.

Stock to Watch

Distilleries
Dockyard
Commercial Bank
Natonal Development Bank

Speculative Buy

Vallibel Power

Colombo stocks ended on positive note.

Wednesday the 27th May ASI ended 13.58 points higher at 2156.04 while MPI closed the day 14.69 points higher at 2458.97. Turnover was Rs 984.7 million.

Investors were busy with buying hotel & banking shares. Colombo Dockyard (My favorite Stock) gained Rs 11.50 to close at Rs 83.50. Sri Lanka’s largest privately held bank Commercial Bank of Ceylon Plc (COMB) was up by 4.25 to close at Rs 120.50.

Over 46 million Dialog Telekom shares traded today but ended unchanged at Rs 5.50.
JKH lost two rupees & ended the day at Rs 110.00.

Most of brokers are optimistic about this positive trend as no negative news from local front.

Announcements at CSE

27-May-2009 REINSTATEMENT OF REGISTRATION - JANASHAKTHI INSURANCE PLC

The Company has informed the following to the CSE, "In accordance with Colombo Stock Exchange regulations, of the need to inform the Colombo Stock Exchange of any matter of relevance that will impact share prices, I now wish to inform you that the Insurance Board of Sri Lanka has revoked the suspension imposed on Janashakthi Insurance PLC, with effect from 2.00 pm on 27th May 2009.

The suspension was imposed on 12th May 2009 for a period of 03 weeks until 02nd June 2009.

The company was requested to show cause on why the suspension should be lifted. The Insurance Board of Sri Lanka has accepted the Company's explanations and the suspension has been accordingly revoked".

27-May-2009 JANASHAKTHI INSURANCE - INSURANCE BOARD OF SRI LANKA (IBSL)

Insurance Board of Sri Lanka informed the following to the CSE, "Insurance Board of Sri Lanka has removed the suspension of registration imposed on Janashakthi Insurance PLC in respect of Long Term Insurance Business and General Insurance Business with effect from 2 p.m. today(27th May 2009)after Janashakthi Insurance PLC having shown sufficient cause to the IBSL".

Sri Lanka Stocks up again!

After yesterday’s decline Colombo Stocks continued its climb today. ASI was up by 21.83 to close at 2142.46 while more sensitive Milanka index gained 20.52 points to close at 2444.28. Turnover was still healthy at Rs 919.6 million.

JKH was up by 2.25 to close at Rs 112.00. National Development Bank continued to trade in high volume (Over 1.6 million shares traded) but closed flat at Rs 115.00.
Meanwhile Hotel sector shares traded in high quantities.

Hotel sector shares may benefit with prevailing peaceful environment in the country. Nuwara Eliya Hotels Company Plc was up by Rs 178.00 to close at Rs 448.00 but only 100 shares traded.Over 2.2 million Hotel Reefcomber & 1.2 million Eden Hotel shares traded today.

Overall market sentiment remains positive & market will continue it upward trend with occasional profit takings.

Colombo Stock Market Report – Investors are taking profit.

After one week of continuous gains, market declined today due to profit taking. ASI lost 26.10 points to close at 2120.63 while MPI lost 43.14 points to close at 2423.76.
Turnover was healthy at Rs 1.01 billion.

John Keells Holdings (JKH) lost 3.25 to close at Rs 109.75. NDB lost 2.25 to close at Rs115.00. Almost all blue chip stocks that made heavy gains last week declined today.

This kind of ups & downs are normal to any stock market & investors should see this as a buying opportunity.

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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".

Bull dominating at Colombo Stock Market.

Sri Lanka stocks gained 5.25%. ASI was up by 106.93 points to close at 2142.52 while MPI was up by massive 203.95 points to close at 2458.65. Turnover was Rs 1.53 billion.

Aitken Spence Plc was up by Rs 44.75 to close at Rs 420.75. John Keells Holdings (JKH) ended the day 15.75 higher at Rs 111.25. NDB gained Rs 19.50 to close at Rs 118.00.
Almost all the sectors reported gains today.

Although I am not a fortuneteller I predicted this upward trend during later part of 2008 & early 2009.

Announcements @ CSE

21-May-2009 ANNUAL REPORTS OF LISTED COMPANIES.

The following Companies have released their Annual Financial Reports for the year ended 31st March 2009 /31st December 2008 to the CSE.Released to the Market on 21.05.2009 - PEG & WAPOReleased to the Market on 14.05.2009 - GOOD, INDO, SELI & SHAL.CAPITAL DEVELOPMENT & INVESTMENT COMPANY PLC - AUDITORS' REPORT AND FINANCIAL STATEMENTS31 DECEMBER 2008.CEYLINCO INSURANCE PLC - AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008.BANK OF CEYLON - AUDITED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2008.Released to the Market:- DFCC,COMD, CINS, LLUB, PABC, AGAL,ATL, LCEY, SAMP, AAIC COLO, HAPU, RGEM, PDL, EBCR, CTC, HNB, NDB, NTB, OSEA, CTCE, TPL, KVAL,SINI, SINS, REG, DOCK, SLTL, UAR, UDPL,JFIN, COMB, TAFL, GRAN and MBSL

Sri Lanka stocks continued to climb up.

Market started the day higher but closed marginally up due to profit taking. ASI closed 4.69 points higher at 2035.59. MPI gained 24.43 points to close at 2254.70.

Turnover was significantly high at Rs 1.61 billion. National Development Bank (NDB) was the day’s biggest contributor for the market turnover with 647.8 million. NDB closed 1.75 higher at Rs 101.00.
John Keells Holdings (JKH) was up by Rs 3.25 & contributed more than Rs 400 to the market turnover by trading 4,172,900 shares. JKH closed at Rs 97.00.

Commercial Bank of Ceylon Plc (COMB) gained Rs 4.50 on 2,497,500 shares & closed at Rs 104.50.

Announcements @ Colombo Stock Exchange.

19-May-2009 FUND SETTLEMENT ON ACCOUNT OF NATIONAL HOLIDAY DECLARED ON 20TH MAY 2009.

In view of 20th May 2009 being declared as a National Holiday, the settlement of Funds through the settlement bank will be as follows:1) Settlement for Trading on 15th May 2009 due for settlement on 20th May 2009 will be postponed to 21st May 2009.2) Settlement for Trading on 18th May 2009 due for settlement on 21st may 2009 will be postponed to 22nd May 2009.

19-May-2009 HOLIDAY ON 20TH MAY 2009

The CSE wishes to inform that Wednesday, 20th May 2009 has been declared a Holiday.

Colombo Stock Market sky rocketed with end of 30 year old civil war.

Government is about to announce officially the end of the war against tiger terrorist. People are still celebrating it all over the Sri Lanka.

All share index was up by 123.23 points (6.46%) to close at 2030.90 while MPI was up by 162.01 points (7.83%) to close at 2230.27. Turnover was also massive at Rs 1.22 billion.
John Keells Holdings (JKH) was up by Rs 13.25 to close at Rs 92.25. Distilleries gained six rupees to end at Rs 88.00. Colombo Dockyard was up by Rs 2.25 to close at Rs 71.00.

Highly capitalized fixed wire line leader Sri Lanka Telecom gained Rs 4.75 to close at Rs 44.00. Aitken Spence Co. was up by Rs 29.25 to close at Rs 365.00.

It is now clear that Sri Lankan economy will continue to grow at higher rate from this point as costly war ends.

Colombo Stock Market Report

15-05-2009.

High trading in Asia Capital & John Keells Holdings boosted both turnover & the indices. ASI closed 23.25 points higher at 1907.67 while more liquid MPI closed the day 26.71 points higher at 2068.26.

Asia Capital was the highly traded stock of the day amounted to 29.7 million shares (Rs 178.3 Million in value) & closed one rupee lower at Rs 6.75.

Over 1.2 million shares of JKH traded today & contributed Rs 98.5 million to the total market turnover. JKH closed the day 2.75 higher at Rs 79.00.

Announcements at CSE.

15-May-2009 DIALOG TELEKOM PLC

COMPANY PERFORMANCE ANNOUNCEMENT IN RELATION TO THE FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED 31-MAR-2009 HAS BEEN ATTACHED UNDER THE KEY FINANCIALS IN THE COMPANY PROFILE SECTION.

15-May-2009 The following Companies have released their Quarterly Financial Reports for the year ended 31st March 2009 to the CSE.

Released to the market on 15.05.2009 - OSEAReleased to the market on 14.05.2009 - DIALFinancial Summary - MGT & HAYCReleased to the market on 13.05.2009 - CTCE, KVAL & HOPLFinancial Summary - DIPDReleased to the market on 12.05.2009 - HNB, PDLReleased to the market on 07.05.2009 - TPLReleased to the market on 06.05.2009 - NTB,SAMPReleased to the market on 05.05.2009 - AUTOReleased to the market on 04.05.2009 - HASUReleased to the market on 30.04.2009 - UAL, MBSLReleased to the market on 29.04.2009 - PABCReleased to the market on 27.04.2009 - CTC

15-May-2009 ASIA CAPITAL PLC

The Company has informed the CSE the following "Mr. V S Vijayaratnam has purchased the under mentioned shareholdings of Asia Capital PLC today.(15-May-2009)"No of Shares - 29,513,800Shareholding - 26.83%

15-May-2009 ASIA SECURITIES (PVT) LTD

Asia Securities (Pvt)Ltd has informed the CSE the following "Our client Mr. V S Vijayaratnam has purchased 29,513,800 shares of Asia Capital PLC today (15-May-2009) at a price of Rs.6/- each which amounts to approximately 26.83% of the issued capital of the company".

Marginal gain at Colombo Stock market.

ASI ended 13.97 points higher at 1884.42 while MPI closed the day unchanged at 2041.55. Turnover was Rs 174.4 million.

Commercial Bank of Ceylon PLC (COMB) contributed Rs 93.3 million to the total turnover of the day by trading 985400 shares within price range of Rs 93.00 to 95.00. COMB closed the day 75 cents higher at Rs 94.50.

Eagle Insurance gained 4.75 on 100 shares & closed at Rs 139.75.
The Autodrome Plc (Highly illiquid Stock) lost Rs 15.00 to close at Rs 225.00.

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.

Colombo All Share Index was down by 11.47 points to close at 1888.62 while MPI gained 2.80 points to close at 2051.53. Turnover recorded for the day was Rs 171.9 million.

The highly illiquid The Bukit Darha Plc was the highest gainer of the day & closed Rs 20.00 higher at Rs 870.00.

Sampath Bank Plc lost 2.75 to close at Rs 86.00. National Development Bank was down by 2.25 to close at Rs 93.00.

Sri Lanka’s largest mobile operator Dialog Telekom closed flat at Rs 5.25 while Fixed line leader Sri Lanka Telecom closed 25 cents lower at Rs 39.00.

Announcements @ Colombo Stock Exchange.

12-May-2009 JANASHAKTHI INSURANCE PLC

The Insurance Board of Sri Lanka (IBSL) has informed the CSE the following "the Insurance Board of Sri Lanka has suspended the registration of Janashakthi Insurance PLC In respect of Long Term Insurance Business and General Insurance Business in terms of section 18 of the Regulation of Insurance Industry Act, No. 43 of 2000 for a period of three weeks with effect from 12 noon today (12th May 2009).Accordingly, Janashakthi Insurance PLC is prohibited from issuing new insurance policies in respect of Long Term Insurance Business and General Insurance Business until the suspension is removed and informed in writing to Janashakthi Insurance PLC by the IBSL. A renewal of an insurance policy in respect of General Insurance Business is considered as a new contract/new insurance policy. In terms of section 18 (2) of the Regulation of Insurance Industry Act, No. 43 of 2000, Janashakthl Insurance PLC Is required to fulfill Its obligations for insurance policies already issued. Until the IBSL informs otherwise, the suspension imposed hereby on Janashakthi Insurance PLC remains unchanged till 2nd June 2009".

12-May-2009 PUBLICATION OF NOTICE ON NEWSPAPER - CEYLINCO HOUSING & REAL ESTATE COMPANY PLC

The company has forwarded to the CSE the following notice they published in the Daily News on 12th May 2009."Ceylinco Housing & Real Estate Company PLC has been receiving inquiries from customers about its relationship with Ceylinco Consolidated (Pvt) Limited and in particular whether the assets of Ceylinco Housing & Real Estate Company PLC could be used by Ceylinco Consolidated (Pvt) Limited for the purpose of meeting the liabilities of Ceylinco Consolidated (Pvt) Limited. The Board has also received expressions of concern whether Ceylinco Housing & Real Estate Company PLC is prevented from engaging in its normal business operations by virtue of any orders issued by court of law. Ceylinco Housing & Real Estate Company PLC wishes to state that Ceylinco Housing & Real Estate Company PLC is an independent legal entity which is listed in the Colombo Stock Exchange and governed by the rules of the Securities and Exchange Commission and the Colombo Stock Exchange. It is also approved under the National Housing Act No.17 of 1979 as a housing company. Ceylinco Housing & Real Estate Company PLC also wishes to state that Ceylinco Consolidated (Pvt) Limited does not own any shares or assets of Ceylinco Housing & Real Estate Company PLC. Hence, the assets of Ceylinco Housing & Real Estate Company PLC cannot and will not be used by any third party, whether Directors or shareholders, to settle their personal obligations.Ceylinco Housing & Real Estate Company PLC also wishes to assure its customers and the public that there are no orders issued by court of law on Ceylinco Housing & Real Estate Company PLC, which affect business operations of Ceylinco Housing & Real Estate Company PLC".

Marginal gains at Colombo Stock Market Today!

ASI gained 4.08 points to end at 1900.09 while Milanka index closed almost unchanged at 2060.82. Turnover was Rs 172.1 million.

Sampath Bank closed five rupees higher at Rs 88.75 on speculation over Seylan bank takeover deal. John Keells Holdings contributed Rs 22.8 million for the today’s market turnover by trading 294000 shares but closed 75 cents lower at Rs 77.25.

Investors are slowly picking up fundamentally sound undervalued stocks to make profit in near future from possible Bull Run.

Colombo Stock Market ended the week on positive note.

Indices gained marginally. ASI was up by 2.69 points to close at 1896.01 while MPI closed the day 14.58 points higher at 2061.35.

Colombo Stock Exchange will be closed tomorrow for religious holiday (Vesak Poya Day).

Turnover was also healthy at Rs 330.3 million. John Keells Holdings contributed Rs 77 million by trading 990,300 shares & closed one rupee higher at Rs 78.00.

Over half a million shares of National Development Bank shares traded but ended the day one rupee lower at Rs 93.00.

Sri Lanka Telecom was down by 50 cents to close at Rs 39.25.

Announcements.

07-May-2009 DIVIDEND ANNOUNCEMENTS

DFCC BANK PLCCompany ID:- DFCC Date of Announcement:- 07.May.2009Rate of Dividend:- Rs.5.00 per share - First & Final Dividend Financial Year:- 2008/2009AGM:- 30.June.2009 XD:- 01.July.2009 Payment:- 10.July.2009 Share Transfer Book Open

07-May-2009 NATIONS TRUST BANK PLC ("THE BANK") - LISTING OF RATED, UNSECURED, REDEEMABLE DEBENTURES BY WAY OF AN INTRODUCTION

An application by the above Bank to list its debentures by way of an introduction has been approved in principle by the Colombo Stock Exchange. These debentures of Rs.1000/= each would be listed on the Debt Securities - Main Board. There will be no Public Issue of debentures.Five copies of the Introductory Document will be made available to all member firms/ Trading Members shortly. The debentures will be granted the listing on or before the 3rd market day upon the receipt of the Declaration from the Bank, by the Exchange. These details will be forwarded in due course.

07-May-2009 Revised CSE Listing Rule

The Securities & Exchange Commission of Sri Lanka ("SEC"), acting under and in terms of Section 13 (c) of the Securities & Exchange Commission of Sri Lanka Act No. 36 of 1987 as amended by Act Nos. 26 of 1991 and 18 of 2003 ("SEC Act"), at its 245th meeting held on April 30, 2009 has issued the following directive set out below to the CSE. Amendments to the CSE Listing Rules - Capital Requirement for eligibility to be listed on the Diri Savi BoardThe CSE is hereby directed to amend the Listing Rule which provides for the stated capital requirement representing shares for which a listing is sought on the Diri Savi Board, from a value of not less than Rupees Fifty Million (Rs. 50,000,000.00) to a value of not less than Rupees Thirty Five Million (Rs. 35,000,000.00).The Directive will be operative with effect from May 15, 2009.

Colombo Market up with heavy trading in JKH.

Over 1.9 million John Keells Holdings shares traded today within price range of Rs 76.00 to 77.75 & closed 1.50 higher at Rs 77.00.

ASI was up by 24.67 points to close at 1893.32 while more liquid Milanka index gained 37.55 points to close at 2046.77. Turnover recorded today was Rs 370.9 million.

Most of blue-chip companies made gains today as investors picking up fundamentally strong shares which may go up first when Bull Run starts.

Distilleries closed 1.50 higher at Rs 80.00 while Sri Lanka Telecom closed 25 cents higher at Rs 39.75. Dialog Telekom closed flat at Rs 5.25.

Announcements at CSE.

05-May-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 the following announcement to the CSE "Further to the 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 and the announcement made on 17th April 2009 regarding the extension of the Offer, it is hereby announced that,

1. The Mandatory Offer made by John Keells Holdings PLC expired on 4th May 2009,

2. In terms of Rule 24 of the Company Take-overs & 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 4th May 2009 943,918 ordinary shares representing 2.52% 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 UALc) Acquired or agreed to be acquired during the Offer Period - NilThe figures set out under paragraph 2 (a) above are subject to any acceptances that may be received by mail today."

Colombo indices moved up with blue chip stocks.

Colombo All Share Index was up by 26.74 points to close at 18.68.65 while MPI gained 33.86 points to close at 2009.22. Turnover was Rs 297.7 million. Most of fundamentally sound stock such as Ceylon Tobacco, John Keells Holdings, and Distilleries reported gains today.

There were 83 gainers & 29 losers during the day.

Announcements

05-May-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 "Further to the 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 and the announcement made on 17th April 2009 regarding the extension of the Offer, it is hereby announced that,1. The Mandatory Offer made by John Keells Holdings PLC expired on 4th May 2009,2. In terms of Rule 24 of the Company Take-overs & 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 4th May 2009 943,918 ordinary shares representing 2.52% 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 UALc) Acquired or agreed to be acquired during the Offer Period - Nill

05-May-2009 AMENDMENT TO CSE HOLIDAY LIST - 2009

Please note that 15th May 2009 will be a half day and not a full day holiday as indicated in the CSE Holiday List of 2009.Trading will commence at 9.00 am with pre open and the market will be closed at 12 noon on 15th May 2009.

04-May-2009 The following Companies have released their Quarterly Financial Reports for the year ended 31st March 2009 to the CSE.

Released to the market on 04.05.2009 - HASUReleased to the market on 30.04.2009 - UAL, MBSLReleased to the market on 29.04.2009 - PABCReleased to the market on 27.04.2009 - CTC

Colombo stocks up marginally.

ASI gained 3.46 points to close at 1841.91 & MPI ended the day 12.27 points higher at 1975.36. Turnover was Rs 229.4 million.

Highly capitalized JKH was up by Rs 2.00 to close at Rs 74.00.
Over 1.1 million National Development Bank (NDB) shares traded today & closed Rs 1.00 lower at Rs 93.75. NDB contributed Rs 99.6 million for the today’s market turnover.
Sri Lanka Telecom was down by 50 cents to close at Rs 38.50.

There were 63 positive contributors & 39 losers during the trading day.

Today’s announcements at Colombo Stock Exchange.

04-May-2009 DIVIDEND ANNOUNCEMENTS

AITKEN SPENCE PLCCompany ID: - SPENDate of Announcement: - 04.May.2009Rate of Dividend: - Rs.3.50 per share (Tax Free) - Interim DividendFinancial Year: - 2008/2009XD:- 14.May.2009 Payment:- 21.May.2009 Share Transfer Book Open