5th Dec 07

ATTN: MR CHANDIMA UDABAGE SHADOW RUNDOWN THE STATE OF BUSINESS – 5TH DEC, 2007 MOBITEL

VTR

RIYAD

HSBC/SAMPATH

VTR

CHAMINDA

DESTINATION SRI LANKA BRIDGE HILL TOP

VTR

RAVI

T-BILLS ADD DEALING ROOM BRIDGE CITY BANK

VTR

ADD STATE OF BUSINESS BRIDGE BOI

VTR

NILANTHA

ADD CORPORATE BRIDGE AGORA

VTR

SAMANTHA

BREAK 2 - STOCK WATCH STOCK UPDATE CURRENCY

CARDS CARDS

LINE UP EDITOR ANCHOR

- ANOUK - ANOUK

01.30 00.20

HEADLINES 1. MOBITEL BECOMES 1ST TELECOM COMPANY IN ASIA TO INTRODUCE SUPER 3.5G SERVICE, AND 2. HSBC RAISES THREE YEAR SYNDICATED LOAN FACILITY FOR SAMPATH BANK 1. MOBITEL M3 UNINTERRUPTED BROADBAND BECOMING A REALITY.

CONNECTIVITY

ON

THE

MOVE

IS

NOW

SRI LANKA TELECOM’S FULLY OWNED MOBILE SUBSIDIARY MOBITEL INTRODUCED M3 ITS SUPER 3.5G HIGH SPEED CONNECTIONS TO SRI LANKA, WHICH PROMISES UNPRECEDENTED DOWNLOAD SPEEDS OF 14.4 MBPS. THIS WAS REVEALED AT A MEDIA CONFERENCE HELD BY MOBITEL THIS MORNING. ROLL VTR 2. HSBC SYNDICATED – VTR HSBC HAS SUCCESSFULLY RAISED 45 MILLION DOLLARS FOR SAMPATH BANK VIA A THREE YEAR SYNDICATED LOAN FACILITY. THIS MONEY WAS RAISED FROM BANKS IN BOTH THE ASIAN AND MIDDLE EASTERN REGIONS. ROLL VTR 3. HOTEL HILL TOP – VTR UNDER OUR SPECIAL SEGMENT ‘DESTINATION SRI LANKA’, TODAY WE TAKE A LOOK AT HOTEL HILL TOP LOCATED IN THE BEAUTIFUL HILL CAPITAL OF KANDY. ROLL VTR 4. NOW FOR A LOOK AT THIS WEEK’S TREASURY BILL PRIMARY MARKET AUCTION RATES 5. THIVANKA ATHUKORALA NOW JOINS US FROM CITY BANK FOR THIS WEEK’S DEALING ROOM UPDATE.

BREAK

6. BOI - CARD THE BOARD OF INVESTMENT HAS SIGNED AGREEMENTS FOR 12 NEW PROJECTS RECENTLY, OF WHICH THE ESTIMATED INVESTMENT IS 27 MILLION U.S. DOLLARS. THE 11 PROJECTS ARE TO DO WITH SOFTWARE, PROPERTY DEVELOPMENT, CLOTHING, CERAMICS, BOAT MANUFACTURING AND WAREHOUSE AND LOGISTICS DEVELOPMENT. ROLL VTR 7. AGORA “AGORA” A NEW ONLINE MAGAZINE HAS BEEN INTRODUCED INTERNET USERS. AGORA WILL BE LAUNCHED FROM TODAY.

TO

THE OBJECTIVE OF THIS ONLINE MAGAZINE IS TO BREAK THROUGH TRADITIONAL BARRIERS AND ENABLE READERS TO EXPLORE THE LATEST TECHNOLOGY GROWTH AND PERUSE THROUGH INFORMATION LEISURE ARTICLES IN ONE CLICK. THIS WAS STATED YESTERDAY.

AT

A

PRESS

CONFERENCE

HELD

IN

COLOMBO

ROLL VTR BREAK STOX THE MARKET SAW ANOTHER DULL DAY OF TRADING WHICH ANALYSTS SAY IS THE USUAL PHENOMENA FOR THIS TIME OF YEAR. MALWATTE TRADED 0.78 MILLION SHARES LEADING THE VOLUMES FOR THE DAY WHILE VALLIBEL TRADED 0.72 MILLION AND SEYLAN MERCHANT SAW 0.63 MILLION SHARES CHANGE HANDS. MALWATTE WAS ALSO THE MAIN CONTRIBUTOR TO TURNOVER OF 26.3 MILLION RUPEES WHILE TOUCHWOOD AND SEYLAN BANK INJECTED 10.2 MILLION AND 6.3 MILLION RUPEES RESPECTIVELY. FOREIGN BUYING WAS AT 44.9 MILLION WITH FOREIGN SELLING TAGGED AT 8.2 MILLION.

THE ALL SHARE LOST 4.26 POINTS TO END THE DAY AT 2,513.61 WHILE THE MILANKA EDGED UP 3.19 POINTS TO CLOSE AT 3,312.3. TURNOVER FOR THE DAY WAS AT 126.9 MILLION RUPEES. THE TOP GAINERS TODAY WERE SINGALANKA, COMMERCIAL DEVELOPERS, SM LEASING, WALKER AND GREIG AND KELSEY, WHILE THE LOSERS WERE LED BY TOUCHWOOD, LANKA TILES, UDAPUSSELLAWA, EAST WEST AND HAPUGASTENNE. SEYLAN MERCHANT LEASING LTD MADE A DIVIDEND ANNOUNCEMENT FOR THE DAY! LET’S HAVE A LOOK AT THE DAY’S FOREX RATES!

SEGMENT DATE REPORTER SLUG

: : : :

MAIN 05 / 12 RAVI HOTEL HILL TOP – VTR

UNDER OUR SPECIAL SEGMENT ‘DESTINATION SRI LANKA’, TODAY WE TAKE A LOOK AT HOTEL HILL TOP LOCATED IN THE BEAUTIFUL HILL CAPITAL OF KANDY. ROLL VTR

VOICE OVER/ 05th DECEMBER 07/ LOGISTIC HUB / RAVI HOTEL HILL TOP IS STRATEGICALLY LOCATED TO OFFER EASY ACCESS TO MANY TOURIST SITES INCLUDING THE SACRED TEMPLE OF THE TOOTH RELIC AND THE MAGNIFICENT MAN-MADE LAKE OF THE KINGS. THE DISTANCE FROM THE COLOMBO AIRPORT TO HOTEL HILL TOP IS APPROXIMATELY 100KM. HOTEL HILL BALCONIES.

TOP

BOASTS

73

AIR-CONDITIONED

ROOMS

WITH

THE HOTEL ALSO OFFERS AN OUTDOOR SWIMMING POOL, RESTAURANT WITH INTERNATIONAL CUISINE AND SIGHT SEEING TOURS OF THE ANCIENT HILL CAPITAL AMONG MANY OTHERS. END/

SEGMENT: MAIN DATE: 04/12/07 REPORTER: NK SLUG: BOI - CARD THE BOARD OF INVESTMENT HAS SIGNED AGREEMENTS FOR 12 NEW PROJECTS RECENTLY, OF WHICH THE ESTIMATED INVESTMENT IS 27 MILLION U.S. DOLLARS. THE 11 PROJECTS ARE TO DO WITH SOFTWARE, PROPERTY DEVELOPMENT, CLOTHING, CERAMICS, BOAT MANUFACTURING AND WAREHOUSE AND LOGISTICS DEVELOPMENT. ROLL VTR

VOICE OVER THE BIGGEST INVESTMENT COMES FROM LAUGFS PROPERTY DEVELOPERS WHO ARE INVESTING 5 MILLION U.S. DOLLARS FOR THE CONSTRUCTION OF AN APARTMENT COMPLEX AT COLOMBO 6. THIS PROJECT IS SPONSORED BY LAUGFS HOLDINGS LIMITED. MEANWHILE, NOR-DAN BOATS ASIA ALSO SIGNED AN AGREEMENT TO MANUFACTURE BOATS FOR THE EXPORT MARKET. THE 3 MILLION U.S. DOLLAR NORWEGIAN NOR-DAN BOATS.

INVESTMENT

IS

SPONSORED

BY

THE PROJECT LOCATED AT THIMBIRIGASKATTUWA IS EXPECTED TO PROVIDE EMPLOYMENT OPPORTUNITIES FOR 50 PEOPLE. MEANWHILE, THE BOI SIGNED AN AGREEMENT WITH ROCELL CERAMICS LIMITED YESTERDAY TO SET UP A PLANT TO MANUFACTURE PORCELAIN TILES FOR THE LOCAL AND EXPORT MARKET. THE MANUFACTURING PLANT IS TO BE INITIATED AT AN INVESTMENT OF 13 MILLION U.S. DOLLARS. THE VENTURE LOCATED AT KIRIWATHTHUDUWA, HOMAGAMA IS EXPECTED TO PROVIDE EMPLOYMENT OPPORTUNITIES FOR A WORKFORCE OF 220.

ENDS/

SEGMENT: DATE: REPORTER: SLUG:

CORPORATE 05/12/2007 SAMANTHA AGORA

“AGORA” A NEW ONLINE MAGAZINE HAS BEEN INTRODUCED INTERNET USERS. AGORA WILL BE LAUNCHED FROM TODAY.

TO

THE OBJECTIVE OF THIS ONLINE MAGAZINE IS TO BREAK THROUGH TRADITIONAL BARRIERS AND ENABLE READERS TO EXPLORE THE LATEST TECHNOLOGY GROWTH AND PERUSE THROUGH INFORMATION LEISURE ARTICLES IN ONE CLICK. THIS WAS STATED YESTERDAY. ROLL VTR SUPERS R. Sudharshan Agora Magazine TAGS ‘AGORA MAGAZINE’ www.agoramag.com

AT

A

PRESS

CONFERENCE

HELD

IN

COLOMBO

VOICE OVER- AGORA-SAMANTHA-05/12/2007 AGORA IS A LIFESTYLE MAGAZINE FEATURING AREAS SUCH AS BUSINESS, AUTOMOBILE, TECHNOLOGY, FASHION, ENTERTAINMENT, HEALTH, AND SPORTS. IT IS DIRECTLY TARGETED AT THE CORPORATE SECTOR OF SRI LANKA AND THOSE WHO SURF THE INTERNET. READERS CAN VISIT AGORA VIA www.agoramag.com VOICE CUT (R. SUDHARSHAN) 18:53 THE CHALLENGES FOR THIS MAGAZINE IS THE GRAPHICS THAT WE ARE USING IS GOING TO BE INTERNATIONAL STANDARDS. ALL ARE DESIGNED BY THE”AGORA” TEAM AND ALSO ENTIRE ARTICLE AND SERVER HAS BEEN DONE BY THE “AGORA” TEAM. 19:06

SEGMENT: DATE: REPORTER: EDITOR: SLUG:

MAIN 5TH DECEMBER 2007 RIYAD R. ANOUK T. MOBITEL M3

UNINTERRUPTED BROADBAND BECOMING A REALITY.

CONNECTIVITY

ON

THE

MOVE

IS

NOW

SRI LANKA TELECOM’S FULLY OWNED MOBILE SUBSIDIARY MOBITEL INTRODUCED M3 ITS SUPER 3.5G HIGH SPEED CONNECTIONS TO SRI LANKA, WHICH PROMISES UNPRECEDENTED DOWNLOAD SPEEDS OF 14.4 MBPS. THIS WAS REVEALED AT A MEDIA CONFERENCE HELD BY MOBITEL THIS MORNING. ROLL VTR Super Suren J. Amarasekera Chief Executive Officer Mobitel TAG ‘Mobitel M3’ HEADLINE HIGH SPEED CONNECTION ON THE MOVE, AS MOBITEL BECOMES THE 1ST TELECOM COMPANY IN ASIA TO INTRODUCE SUPER 3.5G SERVICE

VOICE OVER / MOBITEL M3 / RIYAD / 5TH DECEMBER 2007 / VTR MOBITEL’S SUPER 3.5G CONNECTION NETWORK, THE 1ST IN ASIA AND THE 7TH IN THE WORLD HAS THE ABILITY TO PROVIDE HIGH SPEED INTERNET ACCESS ON THE MOVE. ACCORDING TO THE CEO OF MOBITEL, SUREN AMARASEKERA, THE NEW NETWORK OFFERS UNPARALLELED INTERNET SPEEDS WHICH ARE APPROXIMATELY UP TO 50% CHEAPER THAN THE EXISTING SERVICE PROVIDERS WITH THE STARTING PRICE OF THE M3 SUPER 3.5G PACKAGE AT 400 RUPEES. 16.17 – 16.52 SUREN CUT DEVELOPED AT A COSTS OF 200 MILLION U.S. DOLLARS THE MOBITEL M3 SERVICE OFFERS RELIABLE MOBILE BROADBAND INTERNET ACCESS THAT WAS FORMALLY OFFERED BY ALTERNATE NONFIXED TECHNOLOGIES SUCH AS WIMAX. 15.31 SUREN THERE ARE ALTERNATIVE TECHNOLOGIES SUCH AS WIMAZ, AS YOU MORE KNOW WIMAX IS GOOD IF IT’S A FIXED APPLICATION AT MOST OF THE TIME WITH WIMAX THAT YOU CAN DO IS USE THE SERVICE WITH YOU WALKING 15.47 IF YOU …………………………. 16.08 60% OF MOBITEL CUSTOMERS ARE COVERED UNDER THE MOBITEL M3 SERVICE WITH A FURTHER 30% TO BE COVERED IN THE COURSE OF THE NEXT 2 MONTHS. ENDS/

SEGMENT: DATE: 05/12/2007 REPORTER: SAMANTHA SLUG: AGORA “AGORA” A INTRODUCED TODAY.

NEW BY

ONLINE MAGAZINE IS BEING AGORA MAGAZINE PUBLISHERS

THE OBJECTIVE OF THIS ONLINE MAGAZINE IS TO BREAK THROUGH TRADITIONAL BARRIERS AND ENABLE READERS TO EXPLORE THE LATEST TECHNOLOGY GROWTH AND PERUSE THROUGH INFORMATION LEISURE ARTICLES IN ONE CLICK. THIS WAS STATED AT THE MEDIA CONFERENCE HELD IN COLOMBO YESTERDAY. SUPERS R. Sudharshan Agora Magazine TAGS ‘AGORA MAGAZINE’ www.agoramag.com

VOICE OVER- AGORA-SAMANTHA-05/12/2007 AGORA IS A LIFESTYLE MAGAZINE THAT COVERS THE AREAS OF BUSINESS, AUTOMOBILE, TECHNOLOGY, FASHION, ENTERTAINMENT, HEALTH, AND SPORTS. IT IS DIRECTLY TARGETED AT THE CORPORATE SECTOR OF SRI LANKA AND THOSE WHO SURF THE INTERNET. READERS CAN VISIT AGORA VIA www.agoramag.com VOICE CUT (R. SUDHARSHAN) 18:53 THE CHALLENGES FOR THIS MAGAZINE IS THE GRAPHICS THAT WE ARE USING IS GOING TO BE INTERNATIONAL STANDARDS. ALL ARE DESIGNED BY THE”AGORA” TEAM AND ALSO ENTIRE ARTICLE AND SERVER AHS BEEN DONE BY THE “AGORA” TEAM. 19:06 ENDS/

SEGMENT: DATE: REPORTER: SLUG:

MAIN 04 / 12 / 2007 CHAMINDA HSBC SYNDICATED – VTR

HSBC HAS SUCCESSFULLY RAISED 45 MILLION DOLLARS FOR SAMPATH BANK VIA A THREE YEAR SYNDICATED LOAN FACILITY. THIS MONEY WAS RAISED FROM BANKS IN BOTH THE ASIAN AND MIDDLE EASTERN REGIONS. ROLL VTR Supers David Griffith – CEO HSBC – Sri Lanka Anil Amarasuriya – Managing Director/CEO Sampath Bank Ltd ‘RAISING FUNDS’ “$45 Mn raised” – HSBC “Nine banks came forward” - HSBC “A land mark transaction” – Sampath Bank

VOICE OVER – HSBC – CHAMINDA – 04 / 12 HSBC ACTED AS THE BOOK RUNNER AND FACILITY AGENT FOR THIS FIRST EVER INTERNATIONAL FUND RAISING ACTIVITY OF SAMPATH BANK. ACCORDING TO HSBC THE ROAD SHOWS FOR ATTRACTING BANKS TO RAISE THIS SYNDICATED LOAN WERE HELD IN SINGAPORE AND THE ARAB EMIRATES NINE BANKS HAVE COME FORWARD TO FACILITATE THE TASK AND AMONG THEM ARE HABIB BANK, MASHREQ BANK, NEGARA BANK, BANK MUSKET, ICICI BANK AND HSBC AMONG MANY OTHERS. 2.28 - GRIFFITH FROM AN INITIAL SUM OF 25 MILLION DOLLARS, STRONG DEMAND FOR INCREASE FUNDS, LED TO AN OVERSUBSCRIPTION OF 45 MILLION DOLLARS, THIS WAS A CLEAR INDICATION OF THE CONFIDENCE, THE INTERNATIONAL COMMUNITY HAS ON SRI LANKA 2.44 SAMPATH BANK SAYS THE LOAN WILL NOT BE CONVERTED INTO RUPEES AND WILL BE OFFERED AT LIBOR PLUS RATES FOR THOSE WHO SEEK DOLLARS. 4.32 THESE FUNDS WILL BE USED FOR OUR OWN LENDING IN SRI LANKA AND FINANCING OUR OFF SHORE ACTIVITIES, THIS WILL HELP THE BANK IN LIQUIDITY AND TO GROW ITS LOAN BOOK4.46 HSBC HAS OBTAINED A “AAA” RATING FROM FITCH RATINGS LANKA WHILE SAMPATH BANK WAS GIVEN A ‘AA MINUS’ RATING FROM THE SAME RATING AGENCY. ENDS.

STOX THE MARKET SAW ANOTHER DULL DAY OF TRADING WHICH ANALYSTS SAY IS THE USUAL PHENOMENA FOR THIS TIME OF YEAR. MALWATTE TRADED 0.78 MILLION SHARES LEADING THE VOLUMES FOR THE DAY WHILE VALLIBEL TRADED 0.72 MILLION AND SEYLAN MERCHANT SAW 0.63 MILLION SHARES CHANGE HANDS. MALWATTE WAS ALSO THE MAIN CONTRIBUTOR TO TURNOVER OF 26.3 MILLION RUPEES WHILE TOUCHWOOD AND SEYLAN BANK INJECTED 10.2 MILLION AND 6.3 MILLION RUPEES RESPECTIVELY. FOREIGN BUYING WAS AT 44.9 MILLION WITH FOREIGN SELLING TAGGED AT 8.2 MILLION. THE ALL SHARE LOST 4.26 POINTS TO END THE DAY AT 2,513.61 WHILE THE MILANKA EDGED UP 3.19 POINTS TO CLOSE AT 3,312.3. TURNOVER FOR THE DAY WAS AT 126.9 MILLION RUPEES. THE TOP GAINERS TODAY WERE SINGALANKA, COMMERCIAL DEVELOPERS, SM LEASING, WALKER AND GREIG AND KELYSEY, WHILE THE LOSERS WERE LED BY TOUCHWOOD, LANKA TILES, UDAPUSSELLAWA, EAST WEST AND HAPUGASTENNE. SEYLAN MERCHANT LEASING LTD MADE A DIVIDEND ANNOUNCEMENT FOR THE DAY! LET’S HAVE A LOOK AT THE DAY’S FOREX RATES!