Citizens Development Business Finance PlcCSELK: CDB.N0000

Quarterly Financial Report 30.06.2025

Aug 1, 2025 at 11:37 AM UTC · Issued by Citizens Development Business Finance Plc

Interim Financial Statements

For the period ended 30 June 2025

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC

Interim Financial Statements

Statement of Profit or Loss and Other Comprehensive Income

30 June 2025

For the period ended 30 June

	2025 Rs. '000	2024 Change Rs. '000 %
Revenue	6,881,499	6,184,438	11%
Interest income	6,000,226	5,588,374	7%
Less: Interest expense	2,918,002	2,968,139	-2%
Net interest income	3,082,224	2,620,235	18%
Fee and commission income	90,218	64,269	40%
Other operating income	791,055	531,795	49%
Total operating income	3,963,497	3,216,299	23%
Less : Impairment charges and other credit	239,947	138,240	74%
Net operating income	3,723,550	3,078,059	21%
Less : Operating expenses
Personnel expenses	810,315	639,497	27%
Premises, equipment and establishment expenses	895,581	776,278	15%
Other expenses	184,238	159,369	16%
Total operating expenses	1,890,134	1,575,144	20%
Operating profit before taxes on financial services	1,833,416	1,502,915	22%
Less : Taxes on financial services	577,022	445,000	30%
Profit before tax	1,256,394	1,057,915	19%
Less : Income tax expense	380,575	306,000	24%
Profit for the period	875,819	751,915	16%
Other comprehensive income Items that are or may be reclassified subsequently to profit or loss Fair value changes in hedge reserve	(24,596)	-	-100%
Items that will not be reclassified to profit or loss Financial investments at FVOCI - net change in fair value Net actuarial gain/ (loss) on defined benefit plan	148,668 (6,000)	109,024 (6,000)	36% 0%
Total other comprehensive income	118,072	103,024	15%
Total comprehensive income for the period	993,891	854,939	16%
Earnings per share
Basic earnings per share (Rs.)	12.35	10.61
Diluted earnings per share (Rs.) *	12.04	10.33

Figures in brackets indicate deductions.

The above figures are subject to audit unless specified.

* Diluted EPS has computed considering the effect of employee share option scheme.

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Statement of Financial Position

As at	30-06-2025 Rs. '000	Audited 31-03-2025 Rs. '000
Assets
Cash and cash equivalents	3,776,181	4,582,802
Derivative financial assets	25,720	31,712
Loans and receivables to banks	8,196,795	3,671,842
Deposits with financial institutions	14,478,130	18,069,873
Loans and receivables to customers	123,737,836	110,866,909
Other investment securities	6,756,940	9,498,082
Investment properties	526,597	558,091
Property, plant and equipment	4,662,802	4,657,677
Right-of-use assets	907,791	955,841
Intangible assets	348,267	333,470
Other assets	4,248,442	3,710,047
Total assets	167,665,501	156,936,346
Liabilities
Due to banks and financial institutions	38,904,860	32,142,375
Deposits from customers	87,236,294	86,849,204
Subordinated debt	8,405,174	6,969,330
Lease liabilities	951,918	982,001
Current tax liabilities	3,235,794	2,950,940
Deferred tax liabilities	565,271	565,271
Retirement benefit obligation	597,391	553,890
Other liabilities	2,799,486	1,987,046
Total liabilities	142,696,188	133,000,057
Equity
Stated capital	2,564,015	2,550,492
Reserves	7,275,834	7,352,802
Retained earnings	15,129,464	14,032,995
Total equity	24,969,313	23,936,289

Total liabilities and equity	167,665,501	156,936,346
Net assets value per share (Rs.)	352.12	337.84
Contingencies and commitments	5,456,417	5,252,610

The above figures are subject to audit unless specified.

The financial statements are in compliance with the requirements of the Companies Act No. 7 of 2007 and Finance Business Act No. 42 of 2011.

Sgd

Ruwan Chandrajith

Chief Financial Officer

The Board of Directors is responsible for the preparation and the presentation of these Financial Statements. Approved and signed for and on behalf of the Board

Sgd Sgd

J R Alastair Corera C M Nanayakkara

Chairman Managing Director/CEO

1 August 2025

Colombo

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Statement of Changes in Equity

Reserves

Stated Capital

Other Capital Reserve

Revaluation Reserve

Fair Value Reserve

Hedge Reserve Statutory

Reserve Fund

Regulatory Loss allowance Reserve

Retained Earnings

Total Equity

Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000

Balance as at 1 April 2024 2,550,492 7,552 761,406 20,554 - 2,647,053 2,369,809 11,850,972 20,207,838

Total comprehensive income for the period

Profit for the period 751,915 751,915

Other comprehensive income for the period

Fair value changes in hedge reserve - -

Financial investments at FVOCI - net change in fair value 109,024 109,024 Net acturial gain / (loss) on defined benefit plan (6,000) (6,000)

Transactions with equity holders of the Company

Exercise of share options 4,927 4,927

Transfers during the period (13,872) 211,814 (197,942) -

Balance as at 30 June 2024 2,550,492 12,479 761,406 115,706 - 2,647,053 2,581,623 12,398,945 21,067,704

Balance as at 1 April 2025

2,550,492

26,584

1,245,149

518,755

12,432

3,448,149

2,101,733

14,032,995

23,936,289

Total comprehensive income for the period

Profit for the period

Other comprehensive income for the period Fair Value Changes in Hedge Reserve

Financial investments at FVOCI - net change in fair value Net acturial gain / (loss) on defined benefit plan

875,819

(24,596)

148,668

(6,000)

(24,596)

148,668

(6,000)

Transactions with equity holders of the Company

Exercise of share option Transfers during the period

13,523

25,610

(26,650)

(200,000)

226,650

39,133

Balance as at 30 June 2025

2,564,015

52,194

1,245,149

640,773

(12,164)

3,448,149

1,901,733 15,129,464 24,969,313

Figures in brackets indicate deductions.

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Statement of Cash Flows

For the period ended	30-06-2025 Rs. '000	30-06-2024 Rs. '000
Cash flow from operating activities Interest receipts Commission receipts Other income receipts Interest payments Fee and business promotion expenses Employee related payments Supplier payments Financial expenses	6,396,789 105,559 743,246 (3,453,298) (142,738) (772,815) (745,565) (7,855)	5,982,192 70,417 493,971 (3,592,555) (120,406) (614,497) (674,199) (7,166)
Operating profit before changes in operating assets	2,123,323	1,537,757
(Increase)/Decrease in operating assets Investments in financial institutions Investment in Government Securities trading Net funds advanced to customers Changes in other short-term assets Changes in inventories	(933,210) -(13,507,437) (461,019) (62,035)	(2,730,022) -(4,666,556) (162,290) 12,250
	(14,963,701)	(7,546,618)
Increase/(Decrease) in operating liabilities Net borrowings Net deposits from customers	6,762,485 922,386	(432,289) 4,712,414
	7,684,871	4,280,125

Net Cash Generated from / (used in) operating activities	(5,155,507)	(1,728,736)
Taxation	(110,708)	(211,114)
	(5,266,215)	(1,939,850)
Cash flow from investing activities Dividend receipts Proceed from employee share options Proceed /(Investment) in other investment securities Purchase of property, plant and equipment	46,860 12,065 2,741,142 (122,897)	39,522 -(1,180,389) (120,189)
Net cash from / (used in) investing activities	2,677,170	(1,261,056)
Cash flow from financing activities Net Change in Debentures & Subordinated debt	1,435,844	3,080,214
Net cash inflows/ (outflows) from financing activities	1,435,844	3,080,214
Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the period	(1,153,201) 4,236,316	(120,692) 3,448,973
Cash and cash equivalents at the end of the period	3,083,115	3,328,281
Cash and cash equivalents at the beginning of the period Cash at bank and cash in hand Bank overdrafts	4,582,802 (346,486)	3,642,333 (193,360)
	4,236,316	3,448,973
Cash and cash equivalents at the end of the period Cash at bank and cash in hand Bank overdrafts	3,776,181 (693,066)	3,417,157 (88,876)
	3,083,115	3,328,281

Figures in brackets indicate deductions.

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Segmental Analysis

Lease and stock out on hire Loans and advances Others Total

	30-06-2025	30-06-2024	30-06-2025	30-06-2024	30-06-2025	30-06-2024	30-06-2025	30-06-2024
	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000
Interest	2,939,807	3,013,272	2,520,919	1,798,885	539,500	776,217	6,000,226	5,588,374
Non interest income							881,273	596,064
Segmented revenue	2,939,807	3,013,272	2,520,919	1,798,885	539,500	776,217	6,881,499	6,184,438
Total revenue	2,939,807	3,013,272	2,520,919	1,798,885	539,500	776,217	6,881,499	6,184,438
Interest cost							2,918,002	2,968,139
Impairment and other credit losses	90,284	59,399	98,893	38,309	50,770	40,533	239,947	138,240
Segment contribution							3,723,550	3,078,059
Depreciation and amortisation	39,308	29,634	43,056	19,112	22,105	20,222	104,469	68,967
Unallocated expenses							1,785,665	1,506,177
Taxes on financial services							577,022	445,000
Profit from operations							1,256,394	1,057,915
Income tax expenses							380,575	306,000
Profit for the period							875,819	751,915
Segmented assets Additions of property, plant and	59,053,574	54,773,031	64,684,261	35,325,340	33,208,046	37,376,500	156,945,881	127,474,870
equipment during the year	34,586	47,120	37,884	30,389	19,449	32,154	91,920	109,663
Unallocated assets							10,627,699	9,164,631
Total assets	59,088,161	54,820,151	64,722,145	35,355,729	33,227,495	37,408,654	167,665,501	136,749,164
Segment liabilities	50,983,534	47,914,445	55,844,753	30,901,960	28,669,959	32,696,278	135,498,246	111,512,683
Unallocated liabilities							7,197,942	4,168,777
Total Liabilities	50,983,534	47,914,445	55,844,753	30,901,960	28,669,959	32,696,278	142,696,188	115,681,460

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Fair Value Measurement

31-03-2025 (Audited)

30-06-2025

	Level 1 Rs. '000	Level 2 Rs. '000	Level 3 Rs. '000	Total Rs. '000	Level 1 Rs. '000	Level 2 Rs. '000	Level 3 Rs. '000	Total Rs. '000
Financial assets Derivative financial assets Other investment securities Equity Instruments - Quoted Shares Equity Instruments - Unquoted Shares	2,972,310 -	25,720	37,910	25,720 2,972,310 37,910	2,707,357 -	31,712	37,910	31,712 2,707,357 37,910
Total financial assets disclosed at fair value	2,972,310	25,720	37,910	3,035,940	2,707,357	31,712	37,910	2,776,979
Other non-financial assets Property Plant and Equipment - Free hold land			2,947,695	2,947,695			2,947,695	2,947,695
Total non-financial assets disclosed at fair value			2,947,695	2,947,695	-	-	2,947,695	2,947,695
Assets not disclosed at fair value				161,681,866				151,211,672
Total assets	2,972,310		2,985,605	167,665,501	2,707,357	31,712	2,985,605	156,936,346
Financial liabilities Liabilities not disclosed at fair value				142,696,188				133,000,057
Total liabilities	-			142,696,188	-	-		133,000,057

Level 1 : Inputs that are quoted market prices (unadjusted) in active markets for identical instruments.

Level 2 : Inputs other than quoted prices included within Level 1 that are observable either directly or indirectly. Level 3 : Inputs that are unobservable.

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Shareholders' Information

TWENTY LARGEST SHAREHOLDERS AS AT 30 JUNE 2025

Ordinary Voting Shares

No	NAME	SHAREHOLDING	(%)
1	CEYLINCO LIFE INSURANCE LIMITED ACCOUNT NO.3	19,120,225	31.57
2	ASIA MANAGEMENT CAPITAL VENTURES (PVT) LTD	6,014,039	9.93
3	PEOPLE S LEASING AND FINANCE PLC/ASIA MANAGEMENT CONSULTANCY (PVT)LTD	4,900,000	8.09
4	CITIZENS DEVELOPMENT BUSINESS FINANCE PLC A/C 02 (CDB EMPLOYEE GRATUITY FUND	4,209,383	6.95
5	SAMPATH BANK PLC/ASEKI INSURANCE BROKERS (PVT) LTD	4,000,000	6.60
6	JANASHAKTHI INSURANCE PLC-SHAREHOLDERS	2,991,722	4.94
7	PEOPLE'S LEASING & FINANCE PLC / MR.W.P.C.M.NANAYAKKARA	2,146,594	3.54
8	CEYLINCO LIFE INSURANCE LIMITED ACCOUNT NO.1	1,423,548	2.35
9	PEOPLE S LEASING AND FINANCE PLC/S.V.MUNASINGHE	1,385,253	2.29
10	PEOPLE S LEASING AND FINANCE PLC/R.H.ABEYGOONEWARDENA&V.F.ABEYGOONEWARDENA	1,373,666	2.27
11	SEYLAN BANK PLC/TENNAKOON MUDIYANSELAGE DAMITH PRASANNA TENNAKOON	1,200,888	1.98
12	CEYLINCO LIFE INSURANCE LIMITED ACCOUNT NO.2	954,323	1.58
13	PEOPLE'S LEASING & FINANCE PLC/MRS.N.D.KODAGODA	551,413	0.91
14	J.B. COCOSHELL (PVT) LTD	450,900	0.74
15	ODYSSEY CAPITAL PARTNERS (PRIVATE) LIMITED	350,000	0.58
16	ASEKI INSURANCE BROKERS (PVT) LTD	345,000	0.57
17	PEOPLE'S LEASING & FINANCE PLC/MR. H.K. DASSANAYAKE	299,115	0.49
18	MR. M.A. JAFFERJEE	260,000	0.43
19	PEOPLE'S LEASING & FINANCE PLC / T. M. D. P. TENNAKOON	257,846	0.43
20	MR. A.A.S. KUMARA	256,335	0.42
	Sub total of Top 20 Share Holders	52,490,250	86.66
		8,076,884	13.34
	Total	60,567,134	100.00

The percentage of shares held by the public as at 30 June 2025 is 46.60% (with 1,690 public share holders)

Ordinary Non Voting Shares

No	NAME	SHAREHOLDING	(%)
1	J.B. COCOSHELL (PVT) LTD	1,872,230	18.10
2	DEUTSCHE BANK AG AS TRUSTEE FOR JB VANTAGE VALUE EQUITY FUND	931,783	9.01
3	ODYSSEY CAPITAL PARTNERS (PRIVATE) LIMITED	543,663	5.26
4	MR. Y.H. ABDULHUSSEIN	448,934	4.34
5	MISS R.H. ABDULHUSSEIN	376,776	3.64
6	ESSAJEE CARIMJEE INSURANCE BROKERS (PVT) LTD	357,038	3.45
7	MR. M.A. JAFFERJEE	356,380	3.45
8	PEOPLE'S LEASING & FINANCE PLC/MR.H.M. ABDULHUSSEIN	246,020	2.38
9	MR. A.M. WEERASINGHE	206,493	2.00
10	MR. A. SITHAMPALAM	196,509	1.90
11	MR. H.M. ABDULHUSSEIN	176,602	1.71
12	A.M. ESUFALLY	165,375	1.60
13	SEYLAN BANK PLC/S.R. FERNANDO	140,538	1.36
14	MR. S.M.P.L. JAYARATNE	133,966	1.30
15	MR. L.T.R.S.L. JAYAWARDHANA	121,000	1.17
16	GOLD INVESTMENT LIMITED	108,009	1.04
17	JAFFERJEES INVESTMENTS (PVT) LTD	108,009	1.04
18	MR. M.A. VALABHJI	108,009	1.04
19	COMMERCIAL BANK OF CEYLON PLC A/C NO. 04	105,390	1.02
20	MR. W.P.A.D. GUNATHILAKE	100,100	0.97
	Sub total of Top 20 Share Holders	6,802,824	65.78
		3,540,844	34.22
	Total	10,343,668	100.00

The percentage of shares held by the public as at 30 June 2025 is 80.54% (with 2,169 public share holders)

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Shareholders' Information

DIRECTORS' AND CHIEF EXECUTIVE OFFICER'S SHAREHOLDING AS AT 30 JUNE 2025

Ordinary Voting Shares

NAME	SHAREHOLDING
MR. J.R.A. CORERA	1,027
PEOPLE'S LEASING & FINANCE PLC/MR.J.R.A. CORERA	21,622
MR W.P.C.M. NANAYAKKARA	1,283
PEOPLE'S LEASING & FINANCE PLC / MR.W.P.C.M.NANAYAKKARA	2,146,594
MR. T.M.D.P. TENNAKOON	-
PEOPLE'S LEASING & FINANCE PLC/MR.T.M.D.P.TENNAKOON	257,846
SEYLAN BANK PLC/TENNAKOON MUDIYANSELAGE DAMITH PRASANNA TENNAKOON	1,200,888
MR. S.V. MUNASINGHE	-
PEOPLE'S LEASING & FINANCE PLC/MR.S.V.MUNASINGHE	1,385,253
MR. R.H. ABEYGOONEWARDENA / MRS. V.F. ABEYGOONEWARDENA	5,652
PEOPLES'S LEASING & FINANCE PLC/ MR. R.H.ABEYGOONEWARDENA & V.F.ABEYGOONEWARDENA	1,373,666
MR. D.A. DE SILVA	-
DIALOG FINANCE PLC/D.A. DE SILVA	238,310
MR. J.P. ABHAYARATNE	-
MR. S.P.P. AMARATUNGE	-
MRS. P.R.W. PERERA	-
MR. S. KUMARAPPERUMA	-
MR. E.R.S.G.S. HEMACHANDRA	-
PROF P.N. GAMAGE	-
MRS. J. LOKULIYANA	-
Total	6,632,141

Ordinary Non Voting Shares

NAME	SHAREHOLDING
MR. J.R.A. CORERA	10,335
MR W.P.C.M. NANAYAKKARA	56
MR. T.M.D.P. TENNAKOON	-
MR. S.V. MUNASINGHE	-
MR. R.H. ABEYGOONEWARDENA / MRS. V.F. ABEYGOONEWARDENA	82,842
PEOPLES'S LEASING & FINANCE PLC/ MR. R.H. & MRS. V.F.ABEYGOONEWARDENA	37,850
MR. D.A. DE SILVA	-
MR. J.P. ABHAYARATNE	-
MR. S.P.P. AMARATUNGE	-
MRS. P.R.W. PERERA	-
MR. S. KUMARAPPERUMA	-
MR. E.R.S.G.S. HEMACHANDRA	-
PROF P.N. GAMAGE	-
MRS. J. LOKULIYANA	-
Total	131,083

MARKET PRICES FOR THE QUARTER ENDED 30 JUNE 2025

	Ordinary Voting Shares		Ordinary Non Voting Shares
	30/06/2025 Rs.	30/06/2024 Rs.	30/06/2025 Rs.	30/06/2024 Rs.
Highest Price	394.75	225.00	302.00	114.00
Lowest Price	225.00	190.25	160.00	85.10
Last Traded	392.50	210.00	300.25	105.00

FLOATING ADJUSTED MARKET CAPITALIZATION AS AT 30 JUNE 2025

	Number of shares	Market price per share	Market Capitalization (Rs.)	Percentage of public holders	Floating Adjusted Market Capitalization
Voting Share	60,567,134	392.50	23,772,600,095	46.60%	11,078,031,644
Non Voting Share	10,343,668	300.25	3,105,686,317	80.54%	2,501,319,760
Total Shares			26,878,286,412		13,579,351,404

The Float adjusted market capitalization of the Company falls under Option 1 of Rule 7.13.1 (i) (a) of the Listing Rules of the Colombo Stock Exchange and the Company has complied with the minimum public holding requirement applicable under the said option

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Explanatory Notes

The Company has used the same accounting policies and method of computing described in the audited financial statements of the Company for 2024/25 in the preparation of these interim financial statements.
As at 30 June 2025 stated capital represents 60,567,134 ordinary voting shares and 10,343,668 ordinary non voting shares.
All known expenses have been provided in these financial statements and management fees are not applicable to the Company.
During the period there were no material changes in the composition of assets, liabilities and contingent liabilities and there is no seasonality and cyclicality affecting the interim operation.
Shareholders of the company approved a final cash dividend of Rs. 10 per voting and non-voting share for the financial year ended 2024/25 at the Annual General Meeting held on 30 June 2025. The approved dividend was paid to the shareholders on 7 July 2025.
Since 30 June 2025, there were no material events other than the above, that required adjustment or disclosure in these financial statements.
These financial statements are prepared in accordance with the Sri Lanka Accounting Standard - LKAS 34 " Interim Financial Reporting".

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Selected Performance Indicators as per regulatory requirements

	As at 30-06-2025	As at 31-03-2025
	7,857,506
	6.24%
	3.25%
	21.01%
	49.50%
	10,908,727
	17,623,953
	7,174,338
	10,991,534
	161.56%
	13.10%
	18,889,540
	22,749,554
	13.61%
	16.39%
	26.08%
	7.60%
	2.16%
	14.33%
	47.69%
	1,952
	71
	BBB (lka)/ Stable

Indicator

Asset Quality (Rs. 000)

Gross Non- Performing Accommodations Gross Non- Performing Accommodations Ratio Net Non- Performing Accommodations Ratio

Net Non-Performing Loans to Core Capital Ratio Provision Coverage Ratio

7,139,900

6.32%

3.10%

19.02%

52.53%

Liquidity (Rs. 000)

Required Minimum Amount of Liquid Assets Available Amount of Liquid Assets

Required Minimum Amount of Government Securities Available Amount of Government Securities

Available Liquid Assets to Required Liquid Assets (Minimum 100%) Liquid Assets to External Funds **

10,572,131

20,256,078

5,731,512

9,381,123

191.60%

16.08%

Capital Adequacy

Core Capital ( Tier I Capital) Total Capital Base

Core Capital to Risk Weighted Assets Ratio (Minimum 10%)*** Total Capital to Risk Weighted Assets Ratio (Minimum 14%)*** Capital Funds to Total Deposit Liabilities Ratio (Minimum 10%)***

17,821,571

22,276,671

14.47%

18.09%

25.65%

Profitability

Net Interest Margin

Return on Average Assets- After Tax Return on Average Equity- After Tax Cost to Income Ratio

7.97%

2.80%

18.15%

48.40%

Memorandum information Number of Employees Number of Branches

External Credit Rating (Fitch Ratings Lanka Ltd)

1,939

BBB (lka)/ Stable

** External funds includes deposits and borrowings

*** Including current year unaudited profit

CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 30 June 2025

Interim Financial Statements

Corporate Information

Name of the Company Registered Address of Head Office

Citizens Development Business Finance PLC No 123, Orabipasha Mawatha, Colombo 10

Legal Form Sri Lanka

A public quoted company incorporated in Sri Lanka under the Tel 0094117388388

provisions of the Companies Act No. 17 of 1982 and Fax 0094112429888

re-registered under the Companies Act No. 07 of 2007. E mail cdb@cdb.lk

The Company is licensed under the Finance Business Act No. 42 Web https://www.cdb.lk of 2011. The Company is registered under the Finance Leasing

Act No. 56 of 2000 and CDB is an approved credit agency under Company Secretary

mortgage Act No. 06 of 1949 and Trust Receipt Ordinance No. 12 Ms. Laavanya Paheerathan (Attorney At Law) of 1947. No 123, Orabipasha Mawatha,

Colombo 10

Date of Incorporation Sri Lanka

07 September 1995 Tel 0094117388388

Fax 0094112429888

Registration Number E mail company.secretary@cdb.lk

PB 232 PQ

Company Registrar

Accounting period S.S.P Corporate Services (Private) Ltd

March 31 101, Inner Flower Road,

Colombo 03 Sri Lanka

Board of Directors Tel 0094112573894, 0094112576871

Fax 0094112573609

Mr. Joseph Rene Alastair Corera CFA (USA), FCMA (UK) E mail sspsec@sltnet.lk

Chairman / Independent Non-Executive Director

Company Auditors

Mr. W.P.C.M.Nanayakkara B.Sc(Mgt), FCMA(UK), MBA(Sri J), CGMA Ernst & Young

Managing Director / Chief Executive Officer/ Executive Director (Chartered Accountants)

Rotunda Towers, No 109, Galle Road, Senior Prof. S.P.P.Amaratunge B.A. (Econ) (Sp) (SJP), M.A. Econ (Colombo), Colombo 03

M.Sc.Econ. of Rural Dev. (Saga, Japan); Ph.D. (Kogoshima,Japan) Sri Lanka

Independent Non-Executive Director Tel 0094112463500

Mr. T.M.D.P. Tennakoon FCMA(UK), CGMA Lawyers of the Company

Deputy CEO / Executive Director Nithya Partners

No 97A, Galle Road,

Mr. R.H.Abeygoonewardena FCMA(UK), ACMA(Sri), MCPM , CGMA Colombo 03.

Executive Director - Corporate Finance Sri Lanka

Mr. S.V.Munasinghe MBA (Fed. Uni. Aus) Credit Rating Agency

Executive Director - Sales and Business Development Fitch Ratings Lanka Ltd

Mr. D.A.De Silva B. Sc.(Hons) , ACMA, CGMA Bankers

Executive Director - Business Operations Bank of Ceylon

Commercial Bank of Ceylon PLC

Mr. Jagath Priyantha Abhayaratne MBA, B.Sc (Admin) Deutsche Bank

Non-Executive Director DFCC Bank PLC

Hatton National Bank PLC

Mrs. P.R.W. Perera FCA, ACMA National Development Bank PLC

Independent Non-Executive Director Nations Trust Bank PLC People's Bank

Mr. E.R.S.G.S. Hemachandra MBA (Australia), Dip M (UK), FCIM(UK) Sampath Bank PLC

Non Executive Director Seylan Bank PLC

Union Bank PLC

Mr. S. Kumarapperuma B.Sc (Science), MBA(Colombo), Cargills Bank PLC

PG Dip (Acturial Science)

Independent Non Executive Director

Senior Prof. Prasadani Naganika Gamage B.Sc (Admin), PhD (HRM), M.Sc (Management), Attorney-at-Law

Independent Non-Executive Director

Mrs. Jayomi Lokuliyana MBA (PIM, USJP),PGDipM (UK)

Independent Non-Executive Director

Citizens Development Business Finance PLC

No. 123, Orabipasha Mawatha, Colombo 10, Sri Lanka https://www.cdb.lk

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