Interim Financial Statements as at 30.06.2025

INTERIM FINANCIAL STATEMENTS FOR THE

THREE MONTHS ENDED 30TH JUNE 2025

As at

30-June-2025

Rs.'000

30-June-2024

31-March-2025

(Audited)

Rs.'000

Rs.'000

ASSETS

Cash and Cash Equivalents

917,595

485,121

1,830,534

Placement with Banks

277,410

259,033

2,776,950

Financial Assets Measured at Fair Value Through Profit or Loss (FVTPL)

-

455,732

-

Financial Assets at Amortised Cost-Hire Purchase Receivables

-

-

-

Financial Assets at Amortised Cost-Finance Lease Receivables

17,907,004

12,276,343

17,209,189

Financial Assets at Amortised Cost-Loans and Advances

36,599,746

19,664,985

30,407,087

Financial Assets Measured at Fair Value Through Other Comprehensive Income

2,185

2,185

2,185

Financial Assets at Amortised Cost-Debt and Other Financial Instruments

8,152,466

2,555,760

2,812,655

Due from Related Companies

-

-

24,670

Other Debtors, and Prepayments

374,465

276,444

374,684

Deferred Tax Assets

272,886

106,318

246,454

Intangible Assets

87,808

84,175

83,215

Property, Plant & Equipment

754,143

656,905

710,857

Right of Use Assets

692,498

666,246

638,109

Total Assets

66,038,206

37,489,247

57,116,589

LIABILITIES AND EQUITY

Liabilities

Bank Overdraft

955,923

806,685

905,920

Financial Liabilities at Amortised Cost-Due to Customers

29,494,411

23,158,818

28,314,140

Financial Liabilities at Amortised Cost-Interest Bearing Loans & Borrowings

26,350,061

6,262,530

19,508,212

Lease Liabilities

858,049

793,798

789,620

Trade & Other Payables

1,162,392

682,618

921,643

VAT Payable

2,793

17,503

14,318

Due to Related Companies

175,449

142,574

16,892

Current Tax Liabilities

485,533

149,016

402,815

Retirement Benefit Obligations

147,018

167,146

138,959

Total Liabilities

59,631,629

32,180,688

51,012,519

Equity

Stated Capital

1,996,444

1,996,444

1,996,444

Statutory Reserves

505,755

335,411

505,756

Fair Value Reserve of Financial Assets at FVOCI

2,144

2,144

2,144

Retained Earnings

3,902,234

2,974,560

3,599,726

Total Equity

6,406,577

5,308,559

6,104,070

Total Liabilities & Equity

66,038,206

37,489,247

57,116,589

(Sgd.)

Chandana Nanayakkara

Chief Financial Officer

The Board of Directors is responsible for the preparation and presentation of these Financial Statements.

Signed for and on behalf of the Board by,

(Sgd.)

A.Perera

Chairman

(Sgd.)

Thushan Amarasuriya

Director/Chief Executive Officer

Colombo

22nd July 2025

For the Three Months Ended 30th June

2025

2024

Variance

Rs.'000

Rs.'000

Rs.'000

%

Gross Income

3,142,797

2,092,577

1,050,220

50%

Interest Income

2,878,935

1,953,028

925,907

47%

Less: Interest Expense

1,343,453

1,016,579

(326,874)

(32%)

Net Interest Income

1,535,482

936,449

599,033

64%

Net Fee and Commission Income

246,504

117,140

129,364

110%

Trading Income

211

220

(9)

(4%)

Other Operating Income

17,147

22,189

(5,042)

(23%)

Total Operating Income

1,799,344

1,075,998

723,346

67%

Less: Impairment charges/(reversal) and Other Credit Losses on

Financial Assets

87,981

43,935

(44,046)

(100%)

Net Operating Income

1,711,363

1,032,063

679,300

66%

Less:- Expenses

Personnel Cost

Administration & Selling Expenses

390,650

576,382

300,865

443,086

(89,785)

(133,296)

(30%)

(30%)

Less: VAT on Financial Services

SSCL on Financial Services

190,286

25,040

92,770

12,681

(97,516)

(12,359)

(105%)

(97%)

Profit Before Income Tax

529,005

182,661

346,344

190%

Less: Income Tax Expense

226,498

88,401

(138,097)

(156%)

Profit for the Period

302,507

94,260

208,247

221%

Other Comprehensive Income

Actuarial Gain/ (Loss) on Defined Benefit Plan

Deferred Tax on Actuarial Gain/ (Loss)

Gain/ (Loss) from Revaluation of Financial Assets Measured at FVOCI

-

-

-

-

-

-

-

-

-

0%

0%

0%

Other Comprehensive Income for the Period, Net of Tax

-

-

-

0%

Total Comprehensive Income for the Period

302,507

94,260

208,247

221%

Basic Earnings Per Share (Rs)

1.50

0.47

Interim Financial Statements for the Three Months Ended 30th June 2025

STATEMENT OF CHANGES IN EQUITY

Attributable to Equity Holders of the Company

Stated

Statutory

Fair Value Reserve of

Regulatory Loss

Retained

Total

Capital

Reserves

Financial Assets at FVOCI

Allowance Reserve

Earnings

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Balance as at 01st April 2024 1,996,444

335,411

2,144

51,093

2,829,207

5,214,299

Other Comprehensive Income

Actuarial Gain/ (Loss) on Defined Benefit Plan

-

-

-

-

-

-

Tax on Other Comprehensive Income

-

-

-

-

-

-

Gain from Revaluation of Financial Assets Measured at FVOCI

-

-

-

-

-

-

Total Other Comprehensive Income for the Period

-

-

-

-

-

-

Total Comprehensive Income for the Period

-

-

-

-

94,260

94,260

Transactions with Owners, Recorded Directly in Equity

Transferred to/ (from) during the Period

-

-

-

(51,093)

51,093

-

Total Transactions with Equity Owners

-

-

-

(51,093)

51,093

-

Balance as at 30th June 2024

1,996,444

335,411

2,144

-

2,974,560

5,308,559

Transferred to/(from) during the Period

-

-

-

- -

-

Total Comprehensive Income

Profit for the Period

-

-

-

- 757,463

757,463

Other Comprehensive Income

Actuarial Gain/ (Loss) on Defined Benefit Plan

-

-

-

51,776

51,776

Tax on Other Comprehensive Income

-

-

-

(15,533)

(15,533)

Gain from Revaluation of Financial Assets Measured at FVOCI

-

-

-

-

-

-

Total Other Comprehensive Income for the Period

-

-

-

-

36,243

36,243

Total Comprehensive Income for the Period

-

-

-

-

793,706

793,706

Transactions with Owners, Recorded Directly in Equity

Transferred to/ (from) during the Period

-

170,344

-

-

(170,344)

-

Writeback of Unclaimed Dividends of Year 2016/17 & 2017/18

-

-

-

-

1,805

1,805

Total Transactions with Equity Owners

-

170,344

-

-

(168,539)

1,805

Balance as at 31st March 2025

1,996,444

505,755

2,144

-

3,599,727

6,104,070

505,755

2,144

-

3,599,727

6,104,070

-

-

-

302,507

302,507

Total Other Comprehensive Income for the Period

-

-

-

-

-

-

Total Comprehensive Income for the Period

-

-

-

-

302,507

302,507

Transactions with Owners, Recorded Directly in Equity

Transferred to/ (from) During the Period

-

-

-

-

-

-

Total Transactions with Equity Owners

-

-

-

-

-

-

Balance as at 30th June 2025

1,996,444

505,755

2,144

-

3,902,234

6,406,577

For the Three Months Ended 30th June

2025

Rs.'000

2024

Rs.'000

Cash Flows from Operating Activities

Profit Before Tax

Adjustments for

529,005

182,661

Interest Income from Investing Activities

(64,345)

(93,280)

Interest Income from Placement with Banks

(60,004)

(48,202)

Finance Cost

1,321,994

1,011,849

Depreciation / Amortization

83,335

72,606

Profit on Disposal of Property, Plant and Equipment

23

(196)

Provision for Define Benefit Plans - Gratuity

8,871

7,392

Gain on Mark to Market Valuation of Government Securities

-

(611)

Impairment Provision

87,981

43,935

Securitization Issue Cost

19,609

774

Subordinated Debt Issue Cost

205

-

Debenture Issue Cost

785

713

Operating Profit Before Changes in Operating Assets and Liabilities

1,927,459

1,177,641

Changes In;

(Increase) / Decrease in Lease Rentals Receivables

(738,650)

(1,345,922)

(Increase) / Decrease in Loans and Advances

(6,239,805)

(2,929,496)

(Increase) / Decrease in Other Assets

220

66,280

(Increase) / Decrease in Due from Related Companies

24,670

-

Increase in Public Deposits

1,419,768

1,754,805

Increase / (Decrease) in Amounts Due to Related Companies

158,558

37,529

Increase / (Decrease) in Other Liabilities

229,225

100,567

Cash from Operations

(3,218,555)

(1,138,596)

Finance Costs Paid

(1,339,706)

(2,058,262)

Retiring Gratuity Paid

(812)

(2,243)

Income Tax Paid

(170,213)

(44,850)

Net Cash from/ (used in) Operating Activities

(4,729,286)

(3,243,951)

Cash Flows from/ (used in) Investing Activities

Acquisition of Property Plant & Equipment

(86,636)

(55,689)

Proceeds from Sale of Property, Plant & Equipment

(20)

196

Incurred on Software Development

(8,642)

-

Net Change in Investment Securities

(5,294,636)

-

Net Change in Bank Deposits

2,495,820

(6,306)

Interest Income Received

82,895

74,248

Net Cash Flows from/ (used in) Investing Activities

(2,811,219)

12,449

Cash Flows from/ (used in) Financing Activities

Subordinated Debenture Proceeds

2,000,000

-

Securitization Loan Proceeds

2,238,000

-

Loans Obtained During the Period Other than Related Party

10,100,000

2,800,000

Repayment of Loans Other than Related Party

(7,389,440)

(2,872,697)

Repayment of Debenture

(5,000)

-

Repayment of Securitization

(251,801)

(240,000)

Securitization Issue Cost

(51,606)

-

Debenture Issue Cost

(14,578)

-

Lease Rentals Paid

(48,011)

(71,532)

Net Cash Flows from/ (used in) Financing Activities

6,577,564

(384,229)

Net Decrease in Cash and Cash Equivalents

(962,941)

(3,615,731)

Cash and Cash Equivalents at the beginning of the Period

924,613

3,294,167

Cash and Cash Equivalents at the end of the Period

(38,328)

(321,564)

Note-01

Cash and Cash Equivalents

917,595

485,121

Bank Overdraft

(955,923)

(806,685)

Cash and Cash Equivalents at the end of the Period

(38,328)

(321,564)

For the Three Months Ended 30th

June

Finance Lease

Loans & Advances

Other

Total

2025

2024

2025

2024

2025

2024

2025

2024

Interest Income

1,149,446

758,696

1,605,142

1,052,851

124,347

141,481

2,878,935

1,953,028

Net Fee and Commission Income Trading Income

Other Operating Income

55,634

-3,148

30,376

-4,542

190,814

-9,957

86,672

-10,310

56

211

4,042

92

220

7,337

246,504

211

17,147

117,140

220

22,189

Total Revenue

1,208,228

793,614

1,805,913

1,149,833

128,656

149,130

3,142,797

2,092,577

Interest Expense

(536,388)

(395,367)

(749,038)

(547,485)

(58,027)

(73,727)

(1,343,453)

(1,016,579)

Depreciation & Amortization

(33,272)

(28,238)

(46,463)

(39,103)

(3,599)

(5,266)

(83,334)

(72,607)

Administration & Selling Expenses Impairment (charges) / reversals and

(352,826)

(261,227)

(492,703)

(361,404)

(38,169)

(48,713)

(883,698)

(671,344)

Other Credit Losses on Financial Assets

(40,835)

(5,414)

(47,146)

(38,521)

-

-

(87,981)

(43,935)

Less: VAT on Financial Services

(75,974)

(36,080)

(106,093)

(49,962)

(8,219)

(6,728)

(190,286)

(92,770)

Social Security Contribution Levy

(9,997)

(4,932)

(13,961)

(6,829)

(1,082)

(920)

(25,040)

(12,681)

Profit Before Income Tax

158,936

62,356

350,509

106,529

19,560

13,776

529,005

182,661

Income Tax Expense

(68,050)

(30,178)

(150,073)

(51,556)

(8,375)

(6,667)

(226,498)

(88,401)

Profit After Tax

90,886

32,178

200,436

54,973

11,185

7,109

302,507

94,260

Segment Assets

18,788,827

13,276,329

38,402,085

21,166,479

8,847,294

3,046,439

66,038,206

37,489,247

Segment Liabilities

16,966,063

11,396,372

34,676,577

18,169,259

7,988,989

2,615,057

59,631,629

32,180,688

* Segment assets include the additions to non current assets

27,108

19,722

55,405

31,442

12,765

4,525

95,278

55,689

1

The Interim Financial Statements of the Company have been prepared on the basis of the same accounting policies and methods applied for the year ended 31st March 2025.

These Interim Financial Statements are in compliance with Sri Lanka Accounting Standards 34 - 'Interim Financial Reporting' and provide the information as required in terms of Rule 7.4 of the Colombo Stock Exchange.

2

COMMITMENTS & CONTINGENCIES

2.1

(a) The Commissioner General of Inland Revenue has issued an assessment notice to Singer Finance (Lanka) PLC regarding an additional surcharge tax

liability for the taxable period from 1st April 2020 to 31st March 2021. The assessment includes a surcharge tax of Rs. 333.5 million and interest of Rs. 49.7 million, totaling Rs. 383.2 million.

After carefully reviewing the situation and based on the advice of tax consultants, the Company is of the view that it has strong grounds to contest the

Assessment. Accordingly, the Company has lodged an appeal for an administrative review on 31st December 2024.

(b) The Commissioner General of Inland Revenue has issued an assessment notice to Singer Finance (Lanka) PLC regarding an additional Income tax liability

for the taxable period from 1st April 2020 to 31st March 2021. The assessment includes an Income tax of Rs. 102.2 million and interest of Rs. 49 million, totaling Rs. 151.2 million.

After carefully reviewing the situation and based on the advice of tax consultants, the Company has settled part of the assessed amount, totaling Rs. 19.5 million, which includes interest of Rs. 6.4 million. The Company is of the view that it has strong grounds to contest the remaining portion of the assessment. Accordingly, the Company lodged an appeal for an administrative review on 20th June 2024.

(c) The Commissioner General of Inland Revenue has issued an assessment notice to Singer Finance (Lanka) PLC regarding an additional Income tax liability

for the taxable period from 1st April 2021 to 31st March 2022. The assessment includes an Income tax of Rs. 22.8 million and interest of Rs. 9.9 million, totaling Rs. 32.7 million.

After carefully reviewing the situation and based on the advice of tax consultants, the Company has settled part of the assessed amount, totaling Rs. 16.2

million. The Company is of the view that it has strong grounds to contest the remaining portion of the assessment. Accordingly, the Company lodged an appeal for an administrative review on 12th March 2025.

2.2

Operating Lease Commitments as at 30th June 2025

Within One Year -

Rs. 9.3 million

2.3

As at 30th June 2025, the Company has provided letters of guarantee totaling Rs. 15,700,000/- against Fixed Deposits of Rs. 15,700,000/-.

2.4

Assets Pledged as Securities

Bank

Exposure

Type of Facility

Carrying Value

Rs.

Amount Pledged

Rs.

Sampath Bank

130% of the Banks's

Loan

500,000,000

1,040,000,000

Pan Asia Bank

Corporation

National Development Bank

DFCC Bank

Sanasa Development Bank

Trustee (Hatton National

Bank & National Development Bank)

Loan

Overdraft Facility

Loan

Overdraft Facility

Loan

Loan

Loan

Overdraft Facility

Loan

916,113,721

400,000,000

100,000,000

100,000,000

12,886,989,139

16,753,085,880

24,903,102,860

33,155,313,323

3

EVENTS AFTER THE REPORTING PERIOD

4

CLASSIFICATION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES

Amortised Cost

Fair Value

Fair Value

Other Financial

As at 30th June 2025

through OCI

through P&L

Liabilities

Total

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Financial Assets

Cash and Cash Equivalents

917,595

-

-

-

917,595

Placement with Banks

277,410

-

-

-

277,410

Financial Assets at Amortised Cost-Hire Purchase Receivables

-

-

-

-

-

Financial Assets at Amortised Cost-Finance Lease Receivables

17,907,004

-

-

-

17,907,004

Financial Assets at Amortised Cost-Loans and Advances

36,599,746

-

-

-

36,599,746

Financial Assets Measured at Fair Value Through Other

Comprehensive Income

-

2,185

-

-

2,185

Financial Assets at Amortised Cost-Debt and Other Financial

Instruments

8,152,466

-

-

-

8,152,466

Total Financial Assets

63,854,221

2,185

-

-

63,856,406

Financial Liabilities

Bank Overdraft

955,923

-

-

-

955,923

Other Financial Liabilities Due to Customers

29,494,411

-

-

-

29,494,411

Interest Bearing Loans & Borrowings-Debenture

3,989,036

-

-

-

3,989,036

Interest Bearing Loans & Borrowings-Bank Loans

9,474,036

-

-

-

9,474,036

Interest Bearing Loans & Borrowings-Securitization

12,886,989

-

-

-

12,886,989

Due to Related Companies

175,449

-

-

-

175,449

Lease Liabilities

858,049

-

-

-

858,049

Trade Payables

-

-

-

1,162,392

1,162,392

Total Financial Liabilities

57,833,893

-

-

1,162,392

58,996,285

As at 30th June 2024

Amortised Cost

Fair value

Fair value

Other Financial

through OCI

through P&L

Liabilities

Total

Financial Assets

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Cash and Cash Equivalents

485,121

-

-

-

485,121

Placement with Banks

259,033

-

-

-

259,033

Financial Assets at Amortised Cost-Hire Purchase Receivables

-

-

-

-

-

Financial Assets at Amortised Cost-Finance Lease Receivables

12,276,343

-

-

-

12,276,343

Financial Assets at Amortised Cost-Loans and Advances

19,664,985

-

-

-

19,664,985

Financial Assets Measured at Fair Value Through Other

Comprehensive Income

-

2,185

-

-

2,185

Financial Assets at Amortised Cost-Debt and Other Financial

Instruments

2,555,760

-

-

-

2,555,760

Financial Assets Measured at Fair Value Through Profit or Loss

(FVTPL)

-

-

455,732

-

455,732

Total Financial Assets

35,241,242

2,185

455,732

-

35,699,159

Financial Liabilities

Bank Overdraft

806,685

-

-

-

806,685

Other Financial Liabilities Due to Customers

23,158,818

-

-

-

23,158,818

Interest Bearing Loans & Borrowings-Debenture

1,926,608

-

-

-

1,926,608

Interest Bearing Loans & Borrowings-Bank Loans

3,970,571

-

-

-

3,970,571

Interest Bearing Loans & Borrowings-Securitization

365,351

-

-

-

365,351

Due to Related Companies

142,574

-

-

-

142,574

Lease Liabilities

793,798

-

-

-

793,798

Trade Payables

-

-

-

682,618

682,618

Total Financial Liabilities

31,164,405

-

-

682,618

31,847,023

LISTED DEBENTURES

Details regarding the listed Debentures are as follows.

Face Value

Interest

Date of

Type

Rs.

Frequency

Interest Rate

Allotment

Maturity Date

Government Securities

2021- Type - A

583,220,000

Annually

9.25%

25-June-2021

25-June-2026

as at 15th June 2021 was 7.31%

Ratios

Debt Equity Ratio

Interest Cover

Quick Assets Ratio

Liquid Asset Ratio

Tier I Ratio

Total Capital Ratio

30-June-2025

9.00

1.39

1.10

29.99%

10.16%

14.73%

30-June-2024

5.84

1.18

0.99

15.30%

14.19%

16.56%

Name of the Director

No of Debentures

No of Debentures

30-June-2025

30-June-2024

Mr. Aravinda Perera

-

-

Mr. Jayanth Perera (Retired w.e.f. 14th June 2024)

-

-

Ms. Darshini Talpahewa

-

-

Mr. Thushan Amarasuriya (Chief Executive Officer/Executive Director)

-

-

Mr. Mahesh Wijewardene

-

-

Mr. Ranil De Silva

-

-

Mr. Saman Herath

-

-

Mr. Dhammika Siriwardene (Appointed w.e.f. 22nd April 2024)

-

-

Ms. Hiranthi De Silva (Appointed w.e.f. 10th July 2024)

-

-

Value-Ordinary Shares

No of Shares-Ordinary Shares

Voting Rights

Rs.1,996,444,457

Rs.1,996,444,457

202,074,075

202,074,075

One Vote per Ordinary Share

One Vote per Ordinary Share

Proposed Rights Issue

During the quarter, the Board of Directors resolved to raise capital via a rights issue of 75,777,778 ordinary shares at Rs. 26.50 per share, in the proportion of 6 new shares for every 16 existing shares held.

The announcement was made to the Colombo Stock Exchange on 19th June 2025, and the rights issue is subject to approval by CSE and shareholders at an Extraordinary General Meeting. As at 30th June 2025, no shares had been issued, and the proceeds from the rights issue had not been received.

The purpose of this rights issue is to improve the Capital Adequacy of the company. The funds will be utilised in the core business activity of lending.

Highest

Lowest

Last Traded

Quarter Ended

30-June-2025

30-June-2024

39.70

19.50

23.50

12.30

39.00

16.20

Name

No of Shares

%

1

Singer (Sri Lanka) PLC

161,513,035

79.93

2

Mr. A. M. Weerasinghe

3,687,019

1.82

3

Seylan Bank PLC / A. C.Senanka

1,554,968

0.77

4

Deutsche Bank AG / National Equity Fund

1,455,969

0.72

5

Assetline Finance Limited / S. K.Wijekoon

1,293,251

0.64

6

People's Leasing & Finance PLC / L. P. Hapangama

961,899

0.48

7

Seylan Bank PLC / Mr. Sarath Kumara Wijekoon

943,469

0.47

8

Mr. M. L. Ajit Benedict

926,509

0.46

9

Mr. Shanmugan Senthilnathan

828,770

0.41

10

Mr. B. W. Risijaya Srikantha

750,409

0.37

11

Citizens Development Business Finance PLC / S. Vasudevan

700,000

0.35

12

Mrs. Y. K. P. N. Kumari Kasiwatte

623,435

0.31

13

Mr. Ram Pritamdas, Mr. D. Pritamdas & Miss. L.P. Hathiramani

601,455

0.30

14

Mr. L. C. Danuka Peiris

591,376

0.29

15

People's Leasing & Finance PLC / Mr. H. A. D. U. G. Gunasekera

525,000

0.26

16

Seylan Bank PLC / Mr. K. L. G. Udayananda

521,000

0.26

17

Mrs. S. Vasudevan & Mr. S. Vasudevan

500,000

0.25

18

Mr. D. C. P. De Silva Siriwardane

466,063

0.23

19

Hatton National Bank PLC / Mr. Arunasalam Sithampalam

420,944

0.21

20

J.B. Cocoshell (Pvt) Ltd

Others

418,515

179,283,086

22,790,989

0.21

88.74

11.26

Name of the Director Shareholding

Shareholding

30-June-2025

30-June-2024

No of Shares

No of Shares

Mr. Aravinda Perera

Mr. Jayanth Perera (Retired w.e.f. 14th June 2024)

Ms. Darshini Talpahewa

Mr. Thushan Amarasuriya (Chief Executive Officer/Executive Director)

Mr. Mahesh Wijewardene

Mr. Ranil De Silva

Mr. Saman Herath

Mr. Dhammika Siriwardene (Appointed w.e.f. 22nd April 2024)

Ms. Hiranthi De Silva (Appointed w.e.f. 10th July 2024)

-

-

-

-

-

-

50,155

50,155

-

-

-

-

-

-

-

-

-

-

50,155

50,155

30-June-2025

30-June-2024

No of Share Holders

No of Shares

% of Public Holding

Float Adjusted Market Capitalization

5,991

5,900

40,510,885

40,510,885

20.05%

20.05%

Rs. 1,588,026,692/-

Rs. 656,356,803/-

Name of the Company

Singer Finance (Lanka) PLC

Human Resources and Remuneration Committee

Mr. Dhammika Siriwardene - Chairman/INED

Mr. Aravinda Perera - NED

Mr. Saman Herath - INED

Ms. Hiranthi De Silva - INED

Mr. Mahesh Wijewardene - NED

Legal Form

A public limited Company incorporated in Sri Lanka on 19th April 2004

under the Companies Act No. 17 of 1982 and re-registered under the Companies

Act No. 07 of 2007 on 16th December 2008. Shares of the Company are listed

on the main board of Colombo Stock Exchange on 17th January 2011.

Nominations & Governance Committee

Mr. Saman Herath - Chairman/INED

Mr. Aravinda Perera - NED

Ms. Hiranthi De Silva - INED

Auditors

Ernst & Young

Chartered Accountants

Rotunda Towers,

No. 109, Galle Road, Colombo 03.

Related Party Transactions Review Committee

Ms. Hiranthi De Silva - Chairman/INED

Mr. Ranil De Silva - INED

Mr. Dhammika Siriwardene - INED

Company Secretary

Mr. Lasitha Dias

TP: 0112-100161

Integrated Risk Management Committee

Mr. Saman Herath - Chairman/INED

Mr. Dhammika Siriwardene

Ms. Hiranthi De Silva

Registars

Hayleys Group Services (Pvt) Ltd

TP: 0112-627000

Registered Office

No. 498, R. A De Mel Mawatha

Colombo 03.

TP: 011-2400400

Fax : 011-2303715

E-mail- financecompany@singersl.com

Lawyers

Ms. Harshani Mapatuna

Attorney-at-Law & Notaries Public

No.498, R. A De Mel Mawatha, Colombo 03.

Directorate

Mr. Aravinda Perera - Chairman/NED

Mr. Saman Herath - Senior INED

Mr. Thushan Amarasuriya - CEO/ED

Ms. Darshini Talpahewa - NED

Mr. Mahesh Wijewardene - NED

Mr. Ranil De Silva - INED

Mr. Dhammika Siriwardene

Ms. Hiranthi De Silva

Company Registration Number

Old - N (PBS) 1171 New - PB 813 PQ

Audit Committee

Mr. Dhammika Siriwardene - Chairman/INED

Mr. Ranil De Silva - INED

Mr. Saman Herath - INED

Tax Payer Identification Number

134011718

Investor Relations

Please contact the Company Secretary

Mr. Lasitha Dias

TP: 0112-100161

E-mail- financecompany@singersl.com

* NED- Non- Executive Director

** INED- Independent Non- Executive Director

*** ED- Executive Director

**** Senior INED- Senior Independent Non- Executive Director