26th Nov 07

ATTN: MR CHANDIMA UDABAGE RUNDOWN THE STATE OF BUSINESS – 26TH Nov, 2007 LIOC

VTR

RIYAD

IFS

VTR

ANOUK

01.25

LOGISTICS

VTR

CHAMI

02.55

BREAK 1 - ADD STATE OF BUSINESS BRIDGE FASHION

VTR

LASHINI 02.20

VTR

NILANTHA 00.50

CORPORATE S-LON

BREAK 2 - STOCK WATCH STOCK UPDATE CURRENCY

CARDS CARDS

LINE UP EDITOR

- ANOUK/NISHANI

ANCHOR

- ANOUK

01.30 00.20

HEADLINES 1. FUELLING BETTER RETURNS- LIOC POSTS PROFITS FOR THE 2ND QUARTER OF 2007, AND 2. SHIP-SHAPING THE FUTURE- CARGO VILLAGE ON THE CARDS FOR COLOMBO PORT 1.LIOC 2007 2ND Q THE LANKA INDIAN OIL COMPANY RELEASING ITS FINANCIAL RESULTS FOR THE 2ND QUARTER OF THE 2007 FINANCIAL YEAR POSTED AFTER TAX PROFITS OF 677 MILLION RUPEES. THIS IS A STEADY RECOVERY AFTER ITS LOSS OF 685 MILLION RUPEES RECORDED IN THE 2006 FINANCIAL YEAR. THE COMPANY RELEASED ITS FINANCIAL RESULTS FOR THE JULY TO SEPTEMBER PERIOD AT A PRESS BRIEFING HELD TODAY. ROLL VTR 2. IFS IFS AB, A GLOBAL LEADER IN COMPONENT BASED BUSINESS SOFTWARE PLANS TO INVEST OVER 1 BILLION RUPEES NEXT YEAR FOR RESEARCH AND DEVELOPMENT IN SRI LANKA. THIS WAS REVEALED AT A PRESS BRIEFING HELD RECENTLY TO MARK THE GROUP’S 10TH ANNIVERSARY SINCE LAUNCHING OPERATIONS IN THE ISLAND. ROLL VTR 3. LOGISTICS 4 - VTR NEXT IS A LOOK AT THE SPECIAL SEGMENT “THE LOGISTICS HUB OF COLOMBO” ROLL THEME THE SRI LANKA PORTS AUTHORITY IS CURRENTLY WORKING OUT A PLAN TO DEVELOP A FULLY FLEDGED CARGO VILLAGE ATTACHED TO THE COLOMBO PORT IN A BID TO ADD VALUE TO ITS SERVICES OFFERED. AUTHORITIES SAY THIS VILLAGE IS EXPECTED TO SEE COMPLETION BY 2011.

ADDITIONAL MANAGING DIRECTOR OF SRI-LANKA PORTS CAPTAIN NIHAL KEPPETIPOLA ADDED THAT ONCE DONE, THIS INITIATIVE WILL HELP COLOMBO MOVE A STEP FORWARD IN BECOMING A LOGISTICS HUB. ROLL VTR BREAK 4. FASHION – VTR A TOP BRITISH FASHION EDUCATIONIST SAYS THERE ARE MANY OPPORTUNITIES IN THE GLOBAL FASHION INDUSTRY FOR SRI LANKAN PROFESSIONALS WHO ARE QUALIFIED IN THE FIELD OF FASHION. DOUGLAS G. M. MacLENNAN, A FASHION EDUCATIONIST FROM THE NORTHUMBRIA UNIVERSITY WHO IS CURRENTLY ON A SHORT VISIT TO SRI LANKA REVEALED THIS IN AN EXCLUSIVE INTERVIEW WITH ART TV. HIS VISIT WAS AIMED AT STARING UP A MUTUAL COLLABORATION WITH THE BUSINESS MANAGEMENT SCHOOL IN COLOMBO TO OFFER A WORLD RECOGNISED FASHION DEGREE PROGRAM. ROLL VTR 5. CORPORATE-S-LON

- VTR

MANSIONS HYPERMALL, SRI LANKA’S FIRST EVER BUILDING MATERIAL SUPER MALL WAS OPENED IN NUGEGODA RECENTLY. ADDRESSING THE MEDIA AT THE OPENING – S.C. WEERASEKERA, GROUP DIRECTOR OF THE CAPITAL MAHARAJA ORGANIZATION LIMITED SAID THAT THEY WILL EXPAND MANSIONS HYPERMALL OUTLETS TO REACH AREAS OUTSIDE COLOMBO AS WELL. ROLL VTR BREAK STOX THE MARKET OPENED POSITIVE TODAY AND GRADUALLY LOST MOMENTUM TO END IN THE RED. TRADING WAS MAINLY DRIVEN BY RETAILERS.

REEFCOMBER SAW THE HIGHEST TRANSACTION OF SHARES OF 0.82 MILLION FOR THE DAY FOLLOWED BY VALLIBEL AND NAWALOKA WHICH TRADED 0.76 MILLION AND 0.46 MILLION SHARES RESPECTIVELY. THE TOP CONTRIBUTOR TO TURN OVER TODAY WAS JKH WHICH PUMPED IN 24.1 MILLION AND WAS FOLLOWED BY DOCKYARD AND NDB. FOREIGN BUYING FOR THE DAY WAS RECORDED AT 68.3 MILLION WHILE FOREIGN SALES WAS AT 23.34 MILLION. THERE WERE NO CROSSINGS TODAY THE ASPI SLIPPED 11.11 POINTS TO 2,573.67 WHILE THE MILANKA DROPPED BY 5.8 POINTS TO CLOSE TRADING AT 3,401.88 TURN OVER WAS TAGGED AT 167.2 MILLION RUPEES LEADING THE DAY’S GAINERS WERE LANKA ASHOK, BLUE DIAMONDS, BOGALA GRAPHITE, BAIRAHA FARMS AND KOTMALE HOLDINGS WHILE COCO LANKA, COLOMBO PHARMACY, MORISONS, E CHANNELLING AND MAHAWELI REACH TOPPED THE LOSERS LIST FOREX RATES CARD 4 CARD 5

SEGMENT: DATE: REPORTER: SLUG:

CORPORATE 26/11/07 NK S-LON - VTR

MANSIONS HYPERMALL, SRI LANKA’S FIRST EVER BUILDING MATERIAL SUPER MALL WAS OPENED IN NUGEGODA RECENTLY. ADDRESSING THE MEDIA AT THE OPENING – S.C. WEERASEKERA, GROUP DIRECTOR OF THE CAPITAL MAHARAJA ORGANIZATION LIMITED SAID THAT THEY WILL EXPAND MANSIONS HYPERMALL OUTLETS TO REACH AREAS OUTSIDE COLOMBO AS WELL. ROLL VTR ‘MANSIONS HYPERMALL’ Website - www.mhypermall.com IN: OUT:

VOICE OVER – S-LON MANSIONS HYPERMALL HOUSES THE BEST QUALITY PRODUCTS FROM SRI LANKA’S LEADING MANUFACTURERS AND WORLD RENOWNED BRANDS. THIS FACILITY WILL BE OPENED FOR CUSTOMERS FROM 8 AM TO 8 PM ON ALL SEVEN DAYS OF THE WEEK. CUSTOMERS CAN MAKE THEIR PURCHASES USING CREDIT CARDS AS WELL. THE OTHER MAIN FEATURE IS THAT CUSTOMERS CAN VISIT THE MALL VIRTUALLY VIA WWW.MHYPERMALL.COM, ORDER BUILDING MATERIAL REQUIREMENTS ONLINE AND PAY THE BILL USING THEIR CREDIT CARDS. THE GOODS WILL BE DELIVERED TO THE REQUIRED LOCATION. ENDS/

SEGMENT: MAIN DATE: 26TH NOV 07 REPORTER: ANOUK SLUG: IFS IFS AB, A GLOBAL LEADER IN COMPONENT BASED BUSINESS SOFTWARE PLANS TO INVEST OVER 1 BILLION RUPEES NEXT YEAR FOR RESEARCH AND DEVELOPMENT IN SRI LANKA. THIS WAS REVEALED AT A PRESS BRIEFING HELD RECENTLY TO MARK THE GROUP’S 10TH ANNIVERSARY SINCE LAUNCHING OPERATIONS IN THE ISLAND. ROLL VTR SUPER Jonas Bridgewater Managing Director IFS Group TAG ‘IFS CELEBRATES 10 YEARS IN SL’ IFS offers its Business Solution IFS applications to the local market and in the region Customers include Singer Sri Lanka, Thailand, Pakistan & Bangladesh, and Toyota Lanka, DSI, Stafford motors etc.

VOICE OVER/ 26TH NOV 07/ IFS/ ANOUK THE IFS GROUP’S RESEARCH AND DEVELOPMENT CENTER LANKA BEGAN OPERATIONS ON THE 3RD OF NOVEMBER 1997.

IN

SRI

THE COMPANY WHICH HANDLES ENTERPRISE RESOURCE PLANNING SERVICES TODAY EMPLOYS OVER 600 SOFTWARE PROFESSIONALS IN ITS R&D CENTER IN COLOMBO. AND THERE’S MORE PLANNED FOR THE FUTURE! VOICE CUT (3:20) NEXT YEAR WE ARE PROJECTING TO INVEST OVER 1 BILLION RUPEES IN R&D IN SRI LANKA AND WE WILL CONTINUE TO PROVIDE SIGNIFICANT EMPLOYMENT OPPORTUNITIES FOR THE YOUNG PROFESSIONALS OF THIS COUNTRY. THE COMPANY’S MANAGEMENT STATES THAT THE R&D CENTER IN COLOMBO IS BY FAR THE LARGEST CONTRIBUTOR TO THE DEVELOPMENT AND SUPPORT OF IFS APPLICATIONS. THEY ADD THAT SRI LANKA’S PERFORMANCE IN TERMS OF THE HIGH QUALITY OF THE SOFTWARE PRODUCED IS A DRIVING FORCE BEHIND ITS OPERATIONS HERE. THERE ARE ALSO OTHER REASONS FOR WHICH THE GROUP HOLDS SRI LANKA IN HIGH ESTEEM. VOICE CUT (3:55) WHAT ATTRACTED US TO SL WAS THE FIRM BELIEF EDUCATION SYSTEM OF THIS COUNTRY, THE QUALITY UNIVERSITIES HERE. WE BELIEVE THAT IN SL WE’LL BE ATTRACT THE TYPE OF HUMAN RESOURCES THAT WE WOULD DEVELOP WORLD-CLASS SOFTWARE. (4:15) ENDS/

IN THE OF THE ABLE TO NEED TO

SEGMENT: DATE: REPORTER: SLUG:

MAIN 26 / 11 / 2007 CHAMINDA LOGISTICS 4 - VTR

NEXT IS A LOOK AT THE SPECIAL SEGMENT “THE LOGISTICS HUB OF COLOMBO” ROLL THEME THE SRI LANKA PORTS AUTHORITY IS CURRENTLY WORKING OUT A PLAN TO DEVELOP A FULLY FLEDGED CARGO VILLAGE ATTACHED TO THE COLOMBO PORT IN A BID TO ADD VALUE TO ITS SERVICES OFFERED. AUTHORITIES SAY THIS VILLAGE IS EXPECTED TO SEE COMPLETION BY 2011. ADDITIONAL MANAGING DIRECTOR OF SRI-LANKA PORTS CAPTAIN NIHAL KEPPETIPOLA ADDED THAT ONCE DONE, THIS INITIATIVE WILL HELP COLOMBO MOVE A STEP FORWARD IN BECOMING A LOGISTICS HUB.

ROLL VTR Super Capt. Nihal Keppetipola – Add. Managing Director Sri Lanka Ports Authority ‘LOGISTICS HUB OF COLOMBO’ 27 acre cargo village to be built: SLPA SLPA plans to build a “entreport” in Colombo “Government change should not effect institutional work programs” – Keppitipola

VOICE OVER – LOGISTICS 4 – CHAMINDA – 26 / 11 KEPPETIPOLA WAS SPEAKING AT THE RECENT ONE DAY SEMINAR HELD UNDER THE TITLE “THE LOGISTICS HUB OF COLOMBO”. ACCORDING TO HIM 27 ACRES OF LAND BELONGING TO THE PORT AND WHICH IS CURRENTLY USED AS LODGING GROUND FOR ITS STAFF WILL BE CONVERTED INTO A FULLY FLEDGED CARGO VILLAGE. ONCE DONE ALL LOGISTICS OPERATIONS NOW HANDLED INSIDE THE PORT WILL BE SHIFTED OUTSIDE THE PORT PREMISES. APART FROM THIS THE SRI LANKA PORT IS ALSO LOOKING AT ADDING MORE SPEED INTO ITS OPERATIONS THROUGH THE USE OF NEW TECHNOLOGY. 4.12 – TAPE 2 Through it we are now looking at real time operations, where the terminal management system will be in place soon. And also the export documentation process will be in one stop center.04.33 4.43 and the web based e-business which we are practicing right now but have to increased because all the stakeholders has to participate.4.55 THE COLOMBO PORT IS FAST REACHING ITS CAPACITY WHICH KEPPETIPOLA SAYS CAN BE ADDRESSED ONCE THE COLOMBO SOUTH HARBOR COMES INTO OPERATION.

1.00.33 – TAPE ONE Colombo port will reach capacity by 2010, 2011 at the rate we are growing. We can handle about 4 and half million maximum in all the terminals in container. Currently we have embarked certain capacity enhancement projects, until we wait for this Colombo south harbor. HOWEVER KEPPETIPOLA SAYS, IF THE SRI LANKA PORTS AUTHORITY IS GIVEN A CLEAR MANDATE, THE COLOMBO PORT CAN BE CONVERTED INTO A HIGHLY COMPETITIVE GLOBAL HUB. 8.40 so our strategy, coming from import / export service port / to a transshipment port / and to be the logistic tender port in this region and I am sure with the current policy unchanged this could be achieved without further delay. 9.15 49.20 – TAPE 01 I THINK….. 49.49 ENDS.

SEGMENT DATE REPORTER SLUG

: : : :

MAIN 24/11/07 LASHINI FASHION – VTR

A TOP BRITISH FASHION EDUCATIONIST SAYS THERE ARE MANY OPPORTUNITIES IN THE GLOBAL FASHION INDUSTRY FOR SRI LANKAN PROFESSIONALS WHO ARE QUALIFIED IN THE FIELD OF FASHION. DOUGLAS G. M. MacLENNAN, A FASHION EDUCATIONIST FROM THE NORTHUMBRIA UNIVERSITY WHO IS CURRENTLY ON A SHORT VISIT TO SRI LANKA REVEALED THIS IN AN EXCLUSIVE INTERVIEW WITH ART TV. HIS VISIT WAS AIMED AT STARING UP A MUTUAL COLLABORATION WITH THE BUSINESS MANAGEMENT SCHOOL IN COLOMBO TO OFFER A WORLD RECOGNISED FASHION DEGREE PROGRAM. INFO TAGS: ‘FASHION EDUCATION’ Northumbria offers degrees on fashion design, fashion marketing and fashion communication “Northumbria students probably work for every brand in UK” - MacLennon SUPERS: Douglas G. M. MacLennon Design School Director – International Development Northumbria University

VOICE OVER – LASHINI – 24/11/07 – FASHION – VTA SPEAKING FURTHER ON FASHION EDUCATION MACLENNON SAID SRI LANKAN STUDENTS AT PRESENT DO NOT HAVE ADEQUATE ACCESS TO RESOURCES. 04:19 FIRST OF ALL THERE IS THE ISSUE OF LIBRARIES, COSTUME MUSEUMS WHICH THE STUDENTS REALLY DON’T HAVE ACCESS TO. IF GOVERNMENT IS LISTENING IF THERE IS ANY THOUGH THE MONEY IS GOING TO SUPPORT THAT I THINK IT WOULD BE VERY VALUABLE. 04:36 04:42 PERHAPS THIS IS WHERE THE MANUFACTURING INDUSTRY CAN SUPPORT EVEN MORE THAT WHAT THEY ARE DOING. THAT IS WHERE YOU WILL FIND INTERNATIONAL FASHION AS OPPOSED TO LOCAL NEEDS. 04:55 HE FURTHER SAID THAT STUDENTS MUST BE EXPOSED TO THE INTERNATIONAL FASHION ARENA IN ORDER TO GRASP THE SKILLS AND KNOWLEDGE NECESSARY TO COMPETE IN THE GLOBAL SPHERE. 07:55 THE OUTLETS YOU SEE FOR THE WORK IS VERY LIMITED IN SRI LANKA ITSELF BECAUSE WHAT’S MANUFACTURED IS IMMEDIATELY EXPORTED BUT CERTAINLY THE NAME FOR GOODS COMING OUT OF SRI LANKA IS GOOD. 08:08 ACCORDING TO MACLENNON, LOCAL STUDENTS WILL GET THE OPPORTUNITY TO COMPLETE THE INITIAL STAGES OF THE NORTHUMBRIA UNIVERSITY’S DEGREE PROGRAMS IN SRI LANKA AT A FRACTION OF A COST INCURRED IN THE UK. 09:59 AT NORTHUMBRIA WE HAVE A VERY STRONG COMMERCIAL REALIZATION WITH THE OUTCOME. WE WOULD LIKE TO THINK OUR STUDENTS ARE INDIVIDUAL, THEY ARE CREATIVE BUT WITHIN COMMERCIAL RESTRAINTS BECAUSE WE BELIEVE THAT A SUCCESSFUL DESIGNER IS A DESIGNER THAT PROVIDES SOMETHING THAT SOMEONE WANTS. 10:04 THE COURSES IN SRI SEPTEMBER NEXT YEAR. ENDS.

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SEGMENT: DATE: REPORTER: EDITOR: SLUG:

MAIN 26TH NOVEMBER 2007 RIYAD R. ANOUK T. LIOC 2007 2ND Q

THE LANKA INDIAN OIL COMPANY RELEASING ITS FINANCIAL RESULTS FOR THE 2ND QUARTER OF THE 2007 FINANCIAL YEAR POSTED AFTER TAX PROFITS OF 677 MILLION RUPEES. THIS IS A STEADY RECOVERY AFTER ITS LOSS OF 685 MILLION RUPEES RECORDED IN THE 2006 FINANCIAL YEAR. THE COMPANY RELEASED ITS FINANCIAL RESULTS FOR THE JULY TO SEPTEMBER PERIOD AT A PRESS BRIEFING HELD TODAY. ROLL VTR Super K. Ramakrishnan Managing Director LIOC

VOICE OVER / LIOC 2007 2ND Q / RIYAD / 26TH NOVEMBER 2007 / VTR CARD 1 THIS YEAR THINGS SEEM TO BE PICKING UP FOR LIOC, AS AT THE END OF THE 2ND QUARTER OF THE 2007 FINANCIAL YEAR TURNOVER HAD ALSO INCREASED BY 4.3 BILLION RUPEES TO 11.1 BILLION RUPEES FROM THE CORRESPONDING PERIOD LAST YEAR. CARD 2 ACCORDINGLY, FROM THE PERIOD OF APRIL TO SEPTEMBER THIS YEAR THE OIL GIANT SAW A TURNOVER OF 20.85 BILLION RUPEES, UP 5.1 BILLION RUPEES FROM THE 15.71 BILLION RUPEES MADE IN THE 2ND HALF OF LAST YEAR. MEANWHILE, MANAGING DIRECTOR OF LANKA IOC K. RAMAKRISHNAN SPEAKING AT THE PRESS BRIEFING OUTLINED THE ONGOING EXPANSION PLANS OF THE COMPANY. CUT

CARD 1 LIOC INCOME STATEMENT LKR MILLIONS

TURNOVER

JULY-SEP 2007

JULY-SEP 2006

11,135.747

6,781.871

CARD 2 LIOC INCOME STATEMENT LKR MILLIONS

TURNOVER

APRIL-SEP 2007

APRIL-SEP 2006

20,850.002

15,716.437

STOX THE MARKET OPENED POSITIVE TODAY AND GRADUALLY LOST MOMENTUM TO END IN THE RED. TRADING WAS MAINLY DRIVEN BY RETAILERS. REEFCOMBER SAW THE HIGHEST TRANSACTION OF SHARES OF 0.82 MILLION FOR THE DAY FOLLOWED BY VALLIBEL AND NAWALOKA WHICH TRADED 0.76 MILLION AND 0.46 MILLION SHARES RESPECTIVELY. THE TOP CONTRIBUTOR TO TURN OVER TODAY WAS JKH WHICH PUMPED IN 24.1 MILLION AND WAS FOLLOWED BY DOCKYARD AND NDB. FOREIGN BUYING FOR THE DAY WAS RECORDED AT 68.3 MILLION WHILE FOREIGN SALES WAS AT 23.34 MILLION. THERE WERE NO CROSSINGS TODAY CARD 1 THE ASPI SLIPPED 11.11 POINTS TO 2,573.67 WHILE THE MILANKA DROPPED BY 5.8 POINTS TO CLOSE TRADING AT 3,401.88 TURN OVER WAS TAGGED AT 167.2 MILLION RUPEES CARD 2 LEADING THE DAY’S GAINERS WERE LANKA ASHOK, BLUE DIAMONDS, BOGALA GRAPHITE, BAIRAHA FARMS AND KOTMALE HOLDINGS CARD 3 WHILE COCO LANKA, COLOMBO PHARMACY, MORISONS, E CHANNELLING AND MAHAWELI REACH TOPPED THE LOSERS LIST FOREX RATES CARD 4 CARD 5