Softlogic Stockbrokers (Pvt) Ltd | #06,37th Lane, Queens Road, Colombo 03, Sri Lanka | +94 11 7277000 | research@equity.softlogic.lk 1 | P a g e

September 4, 2014

2,273.8 16.5 2.1

20.6

All Share Price Index

6990

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7020

7030

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7050

7060

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28-Aug 29-Aug 1-Sep 2-Sep 3-Sep 4-Sep

(ASI) (TO/LKR mn)

Market Statistics Index Closing Today Pre-Day Ytd%

ALL SHARE INDEX 7,060.6 0.2 24.2

S&P SL 20 3,902.8 0.4 26.3

BANKING & FINANCE 16,486.4 0.2 33.0

FOOD & BEVERAGE 22,392.5 0.1 39.9

DIVERSIFIED 2,077.0 0.4 13.2

HOTELS & TRAVELS 3,515.8 0.7 -1.7

TELECOMMUNICATION 209.1 -0.4 27.6

MANUFACTURING 3,627.1 1.1 37.3 Market Today PER PBV

MARKET CAP . (LKR BN) 2,960.0 19.0 2.2

(USD BN) 22.7 Market Today Pre-Day Ytd%

TURNOVER (LKR MN) 1,632.8 1,186.1 37.7

(USD MN) 12.5 9.1 37.6

VOLUME (MN SHARES) 48.0 48.8 -1.5

FOREIGN BUYING (LKR MN) 951.7 328.0 190.2

FOREIGN SALES (LKR MN) 546.5 46.0 1,088.4

Money Market Rates Forex Rates Today %Chg. YTD %Chg. LKR / USD 130.19 0.00 -0.5

LKR / EURO 170.76 -0.02 -3.3

LKR / GBP 216.01 -0.01 0.4

Interest Rates Latest 1W ago 1Y ago

SLIBOR (3M) 7.76 7.80 8.57

AWPLR 7.21 7.30 8.57

AWDR 7.02 7.16 6.48

Call Money 6.70 6.70 8.07

Top T/O Generators Company T/O (LKR mn) Price (LKR) +/- % 4Qtr PE(X) PBV(X)

JKH -N-0000 293.1 249.90 0.2 20.1 2.0

CTC -N-0000 281.0 1200.00 0.3 23.9 43.0

NEST-N-0000 105.0 1090.00 1.2 31.1 37.3

COMB-N-0000 89.4 151.00 0.7 11.9 2.0

AEL -N-0000 69.9 27.30 0.4 9.2 1.7

Large Trades Company Share Type Volume

LANKA CENTURY GREG-W-0006 4,959,346

DIALOG DIAL-N-0000 4,160,738

MARAWILA RESORTS MARA-N-0000 2,792,971

ACCESS ENG SL AEL -N-0000 2,585,701

ODEL PLC ODEL-N-0000 1,875,704

UNION BANK UBC -N-0000 1,520,000

LAXAPANA LITE-N-0000 1,385,226

CITRUS LEISURE REEF-W-0019 1,318,397 S M B LEASING SEMB-X-0000 1,286,551

Major Price Movements Company Price +/-LKR +/-%

SWADESHI 19949.50 3949.50 25.0%

MIRAMAR 84.30 15.00 22.0%

PDL 99.00 14.00 16.0%

RAMBODA FALLS 32.90 3.30 11.0%

SERENDIB HOTELS 24.00 2.00 9.0%

LAXAPANA 6.30 0.50 9.0%

COMMERCIAL DEV. 108.30 -11.90 -10.0%

CIFL 1.90 -0.20 -10.0%

GOOD HOPE 1600.00 -199.00 -11.0%

The All Share Price Index gained 13.5 points (+0.2%) to close at 7,060.6 whilst

the more liquid S&PSL20 index also gained 15.9 points (+0.4%) to close at

3,902.8. Turnover stood at LKR1,632.8 mn (USD12,531.1k) vs the 12-month

daily average turnover of LKR1,016.5 mn (USD7,801.2k) whilst 48,010.2k

shares were traded for the day vs the 12-month daily volume of 54,216.2k.

Foreign play was significant in today’s market to generate a net foreign inflow.

Foreign purchases stood at LKR951.7 mn (USD7,303.9k) whilst foreign sales

were LKR546.5 mn (USD4,194.2k). Top traded counters were John Keells

Holdings LKR293.1 mn (USD2,249.4k, +0.2%), Ceylon Tobacco LKR281.1

mn (USD2,157.3k, +0.3%), Nestle Lanka LKR105.0 mn (USD805.8k, +1.2%),

Commercial Bank LKR89.4 mn (USD686.1k, +0.7%) and Access Engineering

LKR69.9 mn (USD536.5k, +0.4%).

Both indices closed in the greener territory whilst the market turnover hit LKR1.6

bn aided by several large off-board crossings which accounted for over 40% of

the market turnover. The top turnover generator list was dominated by heavy

weights where John Keells Holdings saw a parcel of 904k shares changing

hands at LKR250.0 on the back of both foreign and local investor participation.

The counter closed LKR0.4 above yesterday’s close whilst today’s close was

LKR0.1 below the price at which the crossings took place. Meanwhile

multinational large caps, Ceylon Tobacco and Nestle Lanka saw blocks of

200k and 50k shares respectively trading at their intra-day highs of LKR1,200.0

and LKR2,090.0 (respectively). The counters mainly saw buying interest of

foreign parties whilst both foreigners and locals were on the selling side. Further

Commercial Bank touched a new 52-week high of LKR152.0 whilst a block of

195.1k shares was traded at LKR150.0 on the back of foreign buying interest

with local institutions possibly on the selling side. Meanwhile construction and

engineering play, Access Engineering saw a block of 2.4 mn shares at

LKR27.0 on the back of local high net worth investor participation.

The index rallied to wave a green flag for the second consecutive day where the

illiquid large caps such as Nestle Lanka and Ceylon Tobacco and Banking

sector heavy weight Commercial Bank heavily aided the movement in the

index. Meanwhile with the peak session in the tourism industry nearing, Leisure

sector stocks such as John Keells Hotels which is the resort subsidiary of

John Keells Holdings traded during today’s trading session to renew its 52-

week high to LKR16.6. Moreover Aitken Spence, the tourism heavy

conglomerate saw a block of 400k shares trading at LKR107.5 whilst other

counters such as Dialog Axiata, Odel and Sampath Bank also traded in

today’s market.

.

Sri Lanka

Daily Market Insight

Softlogic Stockbrokers (Pvt) Ltd | #06,37th Lane, Queens Road, Colombo 03, Sri Lanka | +94 11 7277000 | research@equity.softlogic.lk 2 | P a g e

September 4, 2014

Large Cap Focus Company Volume Turnover High Low Close (LKR’000) (USD’000) % Total (LKR) (LKR) (LKR)

DIALOG TELEKOM 4,160,738 46,599 357.9 2.85% 11.30 11.10 11.20

JOHN KEELLS HOLDINGS 1,172,800 293,068 2,251.2 17.95% 250.00 248.00 249.90

SL TELECOM 102 5 0.0 0.00% 53.90 53.50 53.50

AITKEN SPENCE 641,606 68,997 530.0 4.23% 108.90 107.50 108.90

HAYLEYS 200 62 0.5 0.00% 312.00 312.00 312.00

HEMAS HOLDINGS 19,702 1,007 7.7 0.06% 51.40 51.00 51.40

RICHARD PIERIS 211,568 1,838 14.1 0.11% 8.80 8.60 8.60

NDB 9,242 2,149 16.5 0.13% 233.50 231.00 232.70

DFCC BANK 8,101 1,533 11.8 0.09% 190.00 188.50 189.80

COMMERCIAL BANK 594,242 89,436 687.0 5.48% 152.00 149.90 151.90

HNB 168,898 28,726 220.7 1.76% 171.00 169.90 171.00

DISTILLERIES 15,469 3,233 24.8 0.20% 210.00 208.00 210.00

ASIAN HOTELS & PROP. 8,267 573 4.4 0.04% 69.50 68.10 69.50

Daily News

Sri Lanka John Keells Holdings downgraded by Fitch 04 Sep, 2014 08:01:22

September 04, 2014 (LBO) – Sri Lanka's John Keells Holdings Plc, has been downgraded by one notch from 'AAA(lka)'to ''AA+(lka), with a 'stable; outlook by Fitch. The Outlook is Stable. JKH is a holding company with interests in transportation, leisure, property, consumer foods, retail and financial services, and it depends largely on dividend income to meet its financial obligations.

The downgrade reflects the deterioration in JKH's business risk profile, driven by the weakening competitive position of its key dividend-paying associate, South Asia Gateway Terminals (SAGT), in which JKH owns 42 percent.

Dividends from SAGT accounted for 37 percent of JKH's EBITDAR in the financial year ended 31 March 2014 (FY14) (FY12: 50%; FY13: 33%).

Fitch expects increasing dividend income from JKH's other businesses to compensate for the drop in SAGT's cash flows, but these other segments have higher business risk profiles.

The rating is supported by the diversity of JKH's dividend income streams, the company's strong liquidity profile and its conservative capital structure

JKH is also investing in excess of USD650m in an integrated resort project in Colombo, which is not likely to start generating income until FY19.

The project carries considerable project-related risks, such as the possibility of cost- and time-overruns, which could delay the repayment of debt used to finance it.

However, these risks are offset by JKH's decision to fund the project by raising capital ahead of major investment and the substantial cash balances at the holding company, which could be used to pay for reasonable cost overruns, should they occur.

Softlogic Stockbrokers (Pvt) Ltd | #06,37th Lane, Queens Road, Colombo 03, Sri Lanka | +94 11 7277000 | research@equity.softlogic.lk 3 | P a g e

September 4, 2014

Company Share Type High Low Close Change # Trades Trade Volume

ASIA ASSET -N-0000 1.80 1.70 1.80 0.00 15 228,521 ASIAN ALLIANCE -N-0000 133.00 130.00 133.00 0.00 5 1,110 ABANS -N-0000 118.90 117.90 117.90 -1.00 3 12 AMANA BANK -N-0000 5.70 5.60 5.60 -0.10 11 9,511 ASIA CAPITAL -N-0000 12.90 12.40 12.50 0.00 74 69,958 ACL -N-0000 71.90 71.00 71.70 0.10 19 1,498 ACME -N-0000 14.00 13.80 13.80 -0.20 4 1,900 ACCESS ENG SL -N-0000 27.30 27.00 27.30 0.00 51 2,585,701 ABANS FINANCIAL -N-0000 28.50 27.40 28.00 -0.70 6 3,206 AGALAWATTE -N-0000 25.70 25.00 25.70 0.50 19 36,746 AGSTAR PLC -N-0000 4.90 4.70 4.70 0.00 19 72,467 AHOT PROPERTIES -N-0000 69.50 68.10 69.50 1.40 13 8,267 A.SPEN.HOT.HOLD. -N-0000 84.90 83.00 84.90 1.70 28 30,705 ADAM INVESTMENTS -N-0000 4.50 4.30 4.30 -0.10 38 187,184 ANILANA HOTELS -N-0000 7.10 6.90 6.90 -0.20 21 57,136 ALLIANCE -N-0000 788.00 788.00 788.00 0.00 7 7 ALUMEX PLC -N-0000 15.80 15.50 15.50 -0.30 7 155,330 AMF CO LTD -N-0000 445.00 413.00 414.00 -31.00 4 32 ASIRI SURG -N-0000 12.70 12.60 12.70 0.10 11 10,467 ACL PLASTICS -N-0000 121.00 115.00 120.00 1.70 47 44,690 ARPICO -N-0000 153.90 149.90 153.90 2.00 46 13,462 ASCOT HOLDINGS -N-0000 90.00 89.00 89.90 -0.80 30 12,216 ASIRI CENTRAL -N-0000 299.00 298.00 298.00 -0.50 2 10 LANKA ASHOK -N-0000 1663.00 1600.00 1600.00 -35.70 3 4 ASIRI -N-0000 19.50 19.40 19.40 -0.10 34 58,222 ASIA SIYAKA -N-0000 3.40 3.40 3.40 0.00 6 11,000 INDUSTRIAL ASPH. -N-0000 267.00 267.00 267.00 0.00 1 10 AMANA TAKAFUL -N-0000 1.90 1.80 1.80 0.00 35 166,587 AUTODROME -N-0000 949.80 940.00 940.00 -9.80 2 11 BALANGODA -N-0000 31.00 30.50 30.60 0.40 10 3,633 BROWNS BEACH -N-0000 28.60 28.00 28.00 -0.40 32 28,646 BERUWALA RESORTS -N-0000 2.30 2.10 2.30 0.10 34 56,710 BAIRAHA FARMS -N-0000 130.90 129.00 129.00 0.00 13 1,726 BROWNS INVSTMNTS -N-0000 1.70 1.60 1.60 -0.10 52 1,111,762 BIMPUTH FINANCE -N-0000 46.70 41.10 41.50 -3.20 228 85,687 BLUE DIAMONDS -N-0000 3.40 3.30 3.30 0.00 74 568,863 BLUE DIAMONDS -X-0000 1.20 1.10 1.10 0.00 25 190,250 BOGALA GRAPHITE -N-0000 26.50 26.00 26.50 -0.30 4 46 BOGAWANTALAWA -N-0000 13.20 13.00 13.00 -0.20 4 220 CEYLON BEVERAGE -N-0000 792.00 792.00 792.00 0.00 2 30 BANSEI RESORTS -N-0000 9.40 9.20 9.40 0.00 7 6,031 BROWNS -N-0000 106.00 105.10 106.00 0.90 9 50,012 BUKIT DARAH -N-0000 705.50 704.00 705.50 0.30 7 2,900 CARGO BOAT -N-0000 130.00 128.50 128.50 -1.50 7 3,677 CAL FINANCE -N-0000 16.00 15.60 15.60 -0.20 27 55,304 PRINTCARE PLC -N-0000 41.70 41.70 41.70 0.00 3 1,000 CARGILLS -N-0000 160.00 158.00 159.00 1.00 4 2,920 CARSONS -N-0000 455.00 455.00 455.00 0.00 2 4 COLD STORES -N-0000 237.00 221.00 222.10 -7.10 23 1,807 CDB -N-0000 82.40 81.00 82.40 0.30 48 44,716 CDB -X-0000 65.10 64.00 64.00 -0.80 28 8,907 CENTRAL FINANCE -N-0000 235.00 231.00 231.00 -3.00 14 6,021 CHILAW FINANCE -N-0000 26.30 25.40 25.40 -0.50 56 441,865 FORT LAND -N-0000 32.30 31.10 32.30 0.90 52 102,235 CFT -N-0000 7.90 7.40 7.40 -0.50 18 49,000 FIRST CAPITAL -N-0000 38.50 37.00 37.50 -0.80 229 404,484 DURDANS -X-0000 77.50 77.00 77.50 0.50 11 1,601 CHEMANEX -N-0000 85.50 84.50 85.50 1.00 4 1,500 HOTELS CORP. -N-0000 25.60 25.00 25.00 -0.40 42 43,836 CITY HOUSING -N-0000 15.10 15.10 15.10 0.00 2 130 CIC -N-0000 67.90 67.40 67.90 -0.50 21 14,502 CIC -X-0000 57.00 56.20 56.20 -0.20 6 1,704

Daily Share Price Movements

Softlogic Stockbrokers (Pvt) Ltd | #06,37th Lane, Queens Road, Colombo 03, Sri Lanka | +94 11 7277000 | research@equity.softlogic.lk 4 | P a g e

September 4, 2014

Company Share Type High Low Close Change # Trades Trade Volume

CIFL -N-0000 2.00 1.90 2.00 -0.10 49 365,802 CENTRAL IND. -N-0000 82.00 78.90 78.90 -2.60 9 5,051 CEYLON INV. -N-0000 93.60 92.10 93.00 -0.60 22 9,360 CIT -N-0000 110.00 110.00 110.00 0.00 3 200 CITRUS HIKKADUWA -N-0000 20.70 20.50 20.50 -0.20 7 42 CITRUS KALPITIYA -N-0000 5.90 5.80 5.80 0.10 35 121,886 CITRUS WASKADUWA -N-0000 9.10 8.20 9.10 0.50 107 449,893 COMM LEASE & FIN -N-0000 4.70 4.50 4.60 0.00 31 23,502 COLOMBO LAND -N-0000 40.90 39.50 39.50 -1.30 44 60,516 CEYLON LEATHER -N-0000 90.50 85.20 89.90 -3.90 38 16,984 CEYLON LEATHER -W-0014 3.90 3.70 3.90 0.00 39 71,960 RENUKA SHAW -N-0000 21.60 21.20 21.40 -0.10 67 106,136 RENUKA SHAW -X-0000 17.10 17.00 17.00 -0.10 5 9,800 COM.CREDIT -N-0000 39.70 37.70 38.20 0.00 456 658,870 C M HOLDINGS -N-0000 130.50 126.00 130.10 3.70 158 82,191 COMMERCIAL BANK -N-0000 152.00 149.90 151.90 0.10 122 594,242 COMMERCIAL BANK -X-0000 115.00 110.00 111.00 0.60 86 106,798 COMMERCIAL DEV. -N-0000 121.90 103.40 111.90 -13.60 19 989 SOFTLOGIC FIN -N-0000 41.70 40.60 40.60 -0.70 18 34,700 SEYLAN DEVTS -N-0000 14.10 14.00 14.00 -0.10 65 279,881 DUNAMIS CAPITAL -N-0000 24.60 23.30 23.50 0.30 424 1,069,965 NATION LANKA -N-0000 6.80 6.70 6.80 -0.10 107 285,341 CEYLON TEA BRKRS -N-0000 5.10 5.00 5.10 0.00 5 1,315 CEYLON TOBACCO -N-0000 1200.00 1140.00 1200.00 60.00 26 234,212 TEA SERVICES -N-0000 730.00 730.00 730.00 0.00 4 44 C T HOLDINGS -N-0000 155.00 155.00 155.00 0.00 5 208 C T LAND -N-0000 40.00 39.50 39.50 -0.50 7 5,450 DFCC BANK -N-0000 190.00 188.50 189.80 0.00 22 8,101 DIALOG -N-0000 11.30 11.10 11.20 -0.10 28 4,160,738 DIMO -N-0000 698.90 675.10 675.10 -15.90 3 3 DIPPED PRODUCTS -N-0000 129.00 127.00 127.00 -0.50 13 17,490 DISTILLERIES -N-0000 210.00 208.00 210.00 0.10 18 15,469 DOCKYARD -N-0000 200.00 198.20 200.00 1.80 5 11,023 DANKOTUWA PORCEL -N-0000 14.00 13.50 13.60 0.50 111 178,048 EAST WEST -N-0000 13.60 13.20 13.60 0.10 21 41,544 E B CREASY -N-0000 1000.00 1000.00 1000.00 0.00 1 40 E - CHANNELLING -N-0000 14.40 14.00 14.00 0.00 81 78,489 EDEN HOTEL LANKA -N-0000 28.90 28.20 28.60 0.10 27 20,472 ELPITIYA -N-0000 26.90 25.70 26.50 -0.30 43 78,536 EASTERN MERCHANT -N-0000 7.10 7.10 7.10 0.00 3 5,100 EQUITY -N-0000 49.50 48.10 48.10 -1.10 11 8,414 ENTRUST SEC -N-0000 42.50 40.50 41.00 -1.20 74 75,094 EQUITY TWO PLC -N-0000 61.00 53.30 60.50 1.70 28 21,958 EXPOLANKA -N-0000 9.40 9.30 9.40 0.10 24 118,616 FLC HOLDINGS -N-0000 2.40 2.20 2.40 0.00 68 402,482 GESTETNER -N-0000 166.00 162.00 162.00 -2.60 4 211 GALADARI -N-0000 15.30 14.50 15.00 0.40 88 119,259 PIRAMAL GLASS -N-0000 4.00 3.80 3.90 0.00 48 413,765 GOOD HOPE -N-0000 1600.00 1600.00 1600.00 0.00 2 8 GRAIN ELEVATORS -N-0000 44.00 42.00 44.00 1.90 49 74,901 LANKA CENTURY -N-0000 15.50 14.50 15.50 0.50 173 450,046 LANKA CENTURY -W-0006 1.00 0.70 1.00 0.00 301 4,959,346 G S FINANCE -N-0000 42.00 38.10 38.10 -1.20 101 25,351 CEYLON GUARDIAN -N-0000 194.00 193.10 194.00 0.00 10 2,318 HAPUGASTENNE -N-0000 36.40 36.40 36.40 0.00 1 1 HNB ASSURANCE -N-0000 85.00 80.10 85.00 0.00 2 501 HAYCARB -N-0000 197.90 197.90 197.90 0.00 1 1 HAYLEYS -N-0000 312.00 312.00 312.00 0.00 2 200 HDFC -N-0000 52.40 51.00 51.90 0.00 26 81,584 HAYLEYS FIBRE -N-0000 47.90 43.50 46.50 1.70 193 138,774 HEMAS HOLDINGS -N-0000 51.40 51.00 51.40 0.30 25 19,702 HNB -N-0000 171.00 169.90 171.00 0.90 37 168,898 HNB -X-0000 139.40 138.70 139.00 -0.10 41 72,248 HORANA -N-0000 26.60 26.00 26.50 -0.20 13 6,478 FLC HYDRO POWER -N-0000 5.90 5.70 5.80 -0.20 23 15,668

Softlogic Stockbrokers (Pvt) Ltd | #06,37th Lane, Queens Road, Colombo 03, Sri Lanka | +94 11 7277000 | research@equity.softlogic.lk 5 | P a g e

September 4, 2014

Company Share Type High Low Close Change # Trades Trade Volume

HEMAS POWER -N-0000 17.40 17.30 17.30 -0.10 10 14,900 HOTEL SIGIRIYA -N-0000 91.10 91.10 91.10 0.00 1 1 HUEJAY -N-0000 74.00 64.80 74.00 0.30 3 4,300 HUNAS FALLS -N-0000 70.00 67.10 70.00 0.20 2 19 HUNTERS -N-0000 360.00 350.00 350.00 -4.60 9 113 HVA FOODS -N-0000 13.20 12.70 12.70 -0.20 177 549,750 SERENDIB ENG.GRP -N-0000 76.50 76.50 76.50 0.00 3 400 JANASHAKTHI INS. -N-0000 19.00 18.60 18.90 -0.10 36 55,747 JKH -N-0000 250.00 248.00 249.90 1.40 135 1,172,800 JKH -W-0022 70.00 68.00 70.00 0.20 35 247,056 JKH -W-0023 79.00 77.90 78.50 0.60 26 101,456 JOHN KEELLS -N-0000 90.10 90.00 90.00 -0.10 3 635 KAHAWATTE -N-0000 38.00 38.00 38.00 0.00 5 1,205 MTD WALKERS -N-0000 51.60 49.20 51.60 2.00 135 129,634 KELANI CABLES -N-0000 86.50 85.00 86.50 1.50 10 7,111 KELSEY -N-0000 32.00 30.00 30.50 -1.10 15 14,806 KEELLS FOOD -N-0000 88.30 85.00 88.30 1.90 8 6,001 KEGALLE -N-0000 98.90 97.00 98.90 0.30 27 3,118 KANDY HOTELS -N-0000 8.40 8.10 8.10 -0.10 28 28,664 KEELLS HOTELS -N-0000 16.60 15.90 16.30 0.40 99 334,596 KOTAGALA -N-0000 36.20 36.00 36.20 0.00 18 16,726 KURUWITA TEXTILE -N-0000 23.20 23.20 23.20 0.00 1 1 KELANI VALLEY -N-0000 74.40 74.00 74.00 -0.10 7 611 KALAMAZOO -N-0000 1150.00 1150.00 1150.00 0.00 1 1 LANKA ALUMINIUM -N-0000 43.50 41.20 43.00 1.80 4 31 LANKA CEMENT -N-0000 9.50 9.20 9.30 -0.20 36 43,010 LANKEM CEYLON -N-0000 125.00 120.00 125.00 1.70 32 56,434 LANKEM DEV. -N-0000 8.10 7.90 7.90 -0.10 36 66,728 LB FINANCE -N-0000 173.60 169.00 170.00 1.00 15 7,942 LAUGFS GAS -N-0000 40.60 39.80 40.50 0.50 92 320,304 LAUGFS GAS -X-0000 34.40 33.70 34.10 -0.40 57 399,481 LANKA HOSPITALS -N-0000 49.90 47.00 48.00 -0.20 30 150,734 LIGHTHOUSE HOTEL -N-0000 58.00 57.50 57.50 -0.50 2 201 LANKA IOC -N-0000 44.60 43.60 44.00 -0.60 300 724,166 LAXAPANA -N-0000 6.40 5.70 6.20 0.60 137 1,385,226 LUCKY LANKA -N-0000 5.30 5.30 5.30 0.00 5 2,115 LUCKY LANKA -X-0000 3.30 3.10 3.20 0.00 17 37,800 CHEVRON -N-0000 316.00 313.00 316.00 2.40 24 3,237 LMF -N-0000 128.00 125.00 125.00 -1.10 16 4,754 LANKAORIXFINANCE -N-0000 4.10 4.00 4.00 -0.10 27 65,297 LOLC -N-0000 89.80 88.10 89.00 1.30 12 1,557 LAKE HOUSE PRIN. -N-0000 126.00 119.00 120.00 -0.10 8 826 LANKA VENTURES -N-0000 45.00 43.00 44.80 -0.20 3 215 LANKA WALLTILE -N-0000 93.00 92.00 92.50 0.00 20 23,961 MADULSIMA -N-0000 15.70 14.10 14.70 -0.70 39 28,616 MALWATTE -N-0000 5.00 4.90 4.90 0.00 17 35,272 MALWATTE -X-0000 4.50 4.50 4.50 0.00 1 2 MARAWILA RESORTS -N-0000 7.60 7.00 7.30 0.30 290 2,792,971 MASKELIYA -N-0000 13.90 13.70 13.70 0.00 17 2,435 MERCHANT BANK -N-0000 17.00 16.60 16.60 -0.30 45 97,015 MACKWOODS ENERGY -N-0000 7.10 7.00 7.00 -0.10 22 14,353 MULTI FINANCE -N-0000 23.50 22.70 22.70 -0.80 19 12,890 HAYLEYS - MGT -N-0000 16.80 15.80 16.30 0.50 277 720,556 MILLENNIUM HOUSE -N-0000 6.20 6.10 6.10 0.00 6 8,100 MIRAMAR -N-0000 84.60 84.00 84.00 -0.30 3 9 MORISONS -X-0000 230.00 230.00 230.00 0.00 1 1 MET. RES. HOL. -N-0000 27.10 25.70 26.80 0.70 25 22,816 MAHAWELI REACH -N-0000 26.00 24.50 26.00 0.90 7 801 MERC. SHIPPING -N-0000 141.50 130.00 141.50 4.40 5 10 MULLERS -N-0000 1.50 1.40 1.50 0.10 13 24,365 NAMUNUKULA -N-0000 89.90 83.90 89.90 6.00 4 206 NAMAL ACUITY VF -U-0000 89.00 88.00 88.00 -1.00 3 200 NAT. DEV. BANK -N-0000 233.50 231.00 232.70 1.70 25 9,242 NESTLE -N-0000 2090.00 2090.00 2090.00 0.00 3 50,005 NAWALOKA -N-0000 3.40 3.30 3.40 0.10 11 44,882

Softlogic Stockbrokers (Pvt) Ltd | #06,37th Lane, Queens Road, Colombo 03, Sri Lanka | +94 11 7277000 | research@equity.softlogic.lk 6 | P a g e

September 4, 2014

Company Share Type High Low Close Change # Trades Trade Volume

BRAC LNKA FNANCE -N-0000 10.00 9.30 9.40 0.10 125 348,036 NATIONS TRUST -N-0000 85.10 85.00 85.00 -0.10 30 66,055 ODEL PLC -N-0000 22.10 21.00 21.60 0.60 746 1,875,704 ORIENT GARMENTS -N-0000 19.60 19.40 19.40 0.00 6 1,185 ON'ALLY -N-0000 68.00 66.90 66.90 -1.10 6 73 ORIENT FINANCE -N-0000 14.80 14.40 14.40 -0.30 8 2,121 OVERSEAS REALTY -N-0000 23.70 23.40 23.60 0.20 37 85,513 PAN ASIA -N-0000 22.00 21.50 21.50 0.10 51 77,502 PALM GARDEN HOTL -N-0000 97.60 94.00 97.60 3.60 3 56 PANASIAN POWER -N-0000 2.50 2.40 2.50 0.00 9 25,240 SWISSTEK -N-0000 26.10 26.00 26.10 0.10 12 52,945 PC HOUSE -N-0000 0.40 0.30 0.40 -0.10 16 534,797 PCH HOLDINGS -N-0000 2.30 2.10 2.10 -0.20 42 480,101 PC PHARMA -N-0000 1.90 1.80 1.80 -0.10 15 171,828 PDL -N-0000 99.00 99.00 99.00 0.00 1 1 PEGASUS HOTELS -N-0000 49.00 46.50 48.00 0.90 61 56,865 COLOMBO CITY -N-0000 666.00 635.00 666.00 31.00 5 311 PEOPLES LEASING -N-0000 17.90 17.80 17.80 0.00 39 52,608 PEOPLE'S MERCH -N-0000 23.60 23.50 23.50 0.00 10 12,406 RENUKA AGRI -N-0000 3.60 3.50 3.60 0.10 53 305,492 ROYAL CERAMIC -N-0000 110.00 107.00 109.50 2.80 11 1,104 CITRUS LEISURE -N-0000 20.50 19.20 20.00 0.60 60 82,115 CITRUS LEISURE -W-0019 2.70 2.30 2.60 0.20 120 1,318,397 REGNIS -N-0000 77.20 75.80 77.00 0.30 18 32,690 RENUKA CITY HOT. -N-0000 365.00 355.00 364.50 9.50 15 3,539 RICH PIERIS EXP -N-0000 149.00 133.90 135.00 1.20 93 67,705 RAMBODA FALLS -N-0000 33.00 31.90 33.00 1.00 26 21,911 RADIANT GEMS -N-0000 61.00 60.00 61.00 1.00 3 301 RENUKA HOLDINGS -N-0000 39.90 38.80 38.80 -0.40 23 11,164 RENUKA HOLDINGS -X-0000 27.70 27.20 27.60 0.40 9 10,446 FORTRESS RESORTS -N-0000 19.50 18.50 19.30 0.60 74 75,983 RICHARD PIERIS -N-0000 8.80 8.60 8.60 0.00 51 211,568 RAIGAM SALTERNS -N-0000 2.70 2.60 2.70 0.10 6 3,810 SAMPATH -N-0000 232.70 230.00 232.70 2.60 102 137,108 SOFTLOGIC CAP -N-0000 5.20 5.20 5.20 0.00 4 27,800 SANASA DEV. BANK -N-0000 108.70 104.10 106.50 2.60 133 40,694 SELINSING -N-0000 1500.00 1500.00 1500.00 0.00 1 1 S M B LEASING -N-0000 1.50 1.40 1.40 0.10 14 91,340 S M B LEASING -X-0000 0.60 0.50 0.60 0.00 29 1,286,551 KINGSBURY -N-0000 19.40 18.20 19.20 1.10 114 362,111 SEYLAN BANK -N-0000 83.10 82.20 83.10 0.10 15 11,166 SEYLAN BANK -X-0000 51.70 50.10 51.00 0.30 64 368,996 SINGER FINANCE -N-0000 16.80 16.60 16.60 0.10 74 176,103 SINHAPUTHRA FIN -N-0000 250.00 245.00 249.00 -1.00 15 7,851 SINHAPUTHRA FIN -P-0000 64.80 60.60 64.10 0.00 10 8,351 SWARNAMAHAL FIN -N-0000 2.60 2.50 2.60 -0.10 28 37,036 LEE HEDGES -N-0000 392.00 374.00 392.00 6.50 32 18,504 SOFTLOGIC -N-0000 15.70 15.50 15.70 0.10 28 37,124 SERENDIB HOTELS -N-0000 35.00 34.90 35.00 0.10 4 1,500 SERENDIB HOTELS -X-0000 24.00 22.50 24.00 1.50 43 109,577 SAMSON INTERNAT. -N-0000 127.80 127.50 127.50 -0.30 4 32 STANDARD CAPITAL -N-0000 69.70 68.00 69.70 1.70 3 102 SINGER IND. -N-0000 125.00 118.00 122.00 -3.10 18 3,201 SINGER SRI LANKA -N-0000 99.00 96.50 99.00 1.80 4 292 SIERRA CABL -N-0000 2.10 1.90 2.10 0.00 60 1,013,846 SERENDIB LAND -N-0000 1240.00 1050.00 1050.00 -188.90 3 61 SLT -N-0000 53.90 53.50 53.50 0.00 3 102 SATHOSA MOTORS -N-0000 260.00 255.00 260.00 4.90 4 35 CONVENIENCE FOOD -N-0000 265.10 265.10 265.10 0.00 14 51 AITKEN SPENCE -N-0000 108.90 107.50 108.90 1.40 50 641,606 DOLPHIN HOTELS -N-0000 58.00 57.50 58.00 0.40 19 11,901 SUNSHINE HOLDING -N-0000 45.50 43.00 44.30 1.00 70 195,450 SWADESHI -N-0000 19999.00 19900.00 19999.00 49.50 2 2 THREE ACRE FARMS -N-0000 49.00 47.50 48.00 -0.10 25 14,900 TAL LANKA -N-0000 34.50 33.60 33.60 -0.30 36 46,215

Softlogic Stockbrokers (Pvt) Ltd | #06,37th Lane, Queens Road, Colombo 03, Sri Lanka | +94 11 7277000 | research@equity.softlogic.lk 7 | P a g e

September 4, 2014

Company Share Type High Low Close Change # Trades Trade Volume

TANGERINE -N-0000 82.00 82.00 82.00 0.00 2 10 TAPROBANE -N-0000 4.60 4.30 4.60 0.10 117 780,562 TESS AGRO -N-0000 1.80 1.60 1.70 -0.10 11 8,506 TESS AGRO -X-0000 1.50 1.40 1.50 0.00 10 15,900 THE FINANCE CO. -N-0000 21.30 20.80 21.00 0.20 11 7,604 THE FINANCE CO. -X-0000 8.80 8.50 8.70 0.30 40 324,108 TRADE FINANCE -N-0000 28.00 27.90 28.00 0.10 3 625 LANKA TILES -N-0000 101.50 100.00 101.50 1.40 7 995 TEXTURED JERSEY -N-0000 19.50 19.30 19.50 0.20 67 268,955 TOKYO CEMENT -N-0000 49.70 48.40 49.50 0.70 40 51,735 TOKYO CEMENT -X-0000 37.80 37.10 37.80 0.00 55 140,023 TALAWAKELLE -N-0000 34.50 33.00 34.50 1.30 9 1,306 TRANS ASIA -N-0000 97.80 95.80 97.80 2.00 3 514 TEA SMALLHOLDER -N-0000 40.30 40.10 40.30 0.00 2 109 KELANI TYRES -N-0000 69.90 69.00 69.00 -0.40 20 8,432 UNION ASSURANCE -N-0000 161.30 161.20 161.20 -0.10 3 100 UNION BANK -N-0000 20.80 20.00 20.00 -0.70 104 1,520,000 UDAPUSSELLAWA -N-0000 33.90 32.50 33.30 1.00 10 4,627 UNITED MOTORS -N-0000 97.50 97.20 97.50 0.30 11 479 VALLIBEL FINANCE -N-0000 47.50 46.90 47.00 0.00 41 44,491 VIDULLANKA -N-0000 5.40 5.20 5.20 -0.20 18 529,201 VALLIBEL ONE -N-0000 22.50 22.00 22.30 -0.10 52 175,478 VALLIBEL -N-0000 6.00 5.90 6.00 0.10 27 129,003 GUARDIAN CAPITAL -N-0000 41.00 40.80 40.80 0.00 9 449 WATAWALA -N-0000 16.10 15.90 16.10 0.00 19 30,162 YORK ARCADE -N-0000 17.80 17.30 17.70 0.50 33 35,281

Softlogic Stockbrokers (Pvt) Ltd | #06,37th Lane, Queens Road, Colombo 03, Sri Lanka | +94 11 7277000 | research@equity.softlogic.lk 8 | P a g e

September 4, 2014

Softlogic Stockbrokers (Pvt) Ltd # 06, 37

th Lane, Queens Road, Colombo 03

Sri Lanka

Telephone +94 117 277 000 |Fax +94 117 277 099

E-mail research@equity.softlogic.lk

Equity Research Danushka Samarasinghe Asanka Ranasinghe Tharushi Perera

danushka.samarasinghe@equity.softlogic.lk asanka.ranasinghe@equity.softlogic.lk tharushi.perera@equity.softlogic.lk

+94 11 7277001 + 94 11 7277052, +94 77-1078497 + 94 11 7277052, +94 77-3482321

Kavindu Ranasinghe Chamithri Ratnapala

kavindu.ranasinghe@equity.softlogic.lk chamithri.ratnapala@equity.softlogic.lk

+94 11 7277031 + 94 11 7277030, +94 77-3723506

Imalka Hettiarachchi Nishanthi Hettiarachchi

imalka.hettiarachchi@equity.softlogic.lk nisha.hettiarachchi@equity.softlogic.lk

+94 11 7277032 +94 11 7277030, +94 11 77 1078499 Equity Sales Dihan Dedigama dihan.dedigama@equity.softlogic.lk 011 7277010 / 0117277055, 0777689933

Hussain Gani hussain.gani@equity.softlogic.lk 011 7277020 / 777209986

Prasanna Chandrasekera prasanna.chandrasekera@equity.softlogic.lk 011 7277056

Eardley Kern l.kern@equity.softlogic.lk 011 7277053, 0777348018

Andre Lowe Andre.lowe@equity.softlogic.lk 011 7277052, 0777230040

Zimry Liyabdeen zimry.liyabdeen@equity.softlogic.lk 011 7277057

Achindi.Silva achindi.silva@equity.softlogic.lk 011 7277054, 077 3825087

Chandima Kariyawasam chandima.kariyawasam@equity.softlogic.lk 011 7277058, 0777885778

Hisham Hanifa hisham.haniffa@equity.softlogic.lk 0773828781

Branches

Horana

Madushanka Rathnayaka madushanka.rathnayaka@equity.softlogic.lk 034 7451000 0773566465

Negombo

Krishan Williams krishan.williams@equity.softlogic.lk 031 7451000 0773569827

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