Aitken Spence Hotel Holdings PLC

Interim Financial Statement - 3rd Quarter ( For the Nine months ended 31st December 2020 ) Aitken Spence Hotel Holdings PLC

Consolidated Income Statement

Quarter ended Nine months ended 31st December 31st December 2020 2019 2020 2019 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Revenue 1,381,948 5,996,912 1,914,248 13,287,344 Revenue taxes (35,401) (142,754) (37,528) (346,585) Net revenue 1,346,547 5,854,158 1,876,720 12,940,759 Other operating income/(expenses) (30,448) (9,971) (72,267) 144,185 Staff costs (526,475) (1,042,965) (1,639,249) (2,752,094) Depreciation (623,086) (611,075) (1,890,588) (1,502,140) Amortisation (194,998) (198,479) (597,887) (531,240) Other operating expenses - direct (407,777) (1,402,496) (573,987) (3,070,848) Other operating expenses - indirect (771,951) (1,756,323) (2,067,257) (4,542,870)

Profit/(loss) from operations (1,208,188) 832,849 (4,964,515) 685,752 Finance income 28,728 34,708 106,442 145,378 Finance expense (519,580) (605,679) (1,665,655) (1,268,361) Net finance expense (490,852) (570,971) (1,559,213) (1,122,983)

Share of loss of equity accounted investees (net of tax) (93,304) (53,556) (297,051) (232,036) Profit/(loss) before tax (1,792,344) 208,322 (6,820,779) (669,267) Income tax (expense)/refund 58,746 (117,468) 186,004 (345,497) Profit/(loss) for the period (1,733,598) 90,854 (6,634,775) (1,014,764) Attributable to: Equity holders of the parent company (1,136,149) 58,036 (4,296,900) (776,088) Non -controlling interests (597,449) 32,818 (2,337,875) (238,676) Profit/(loss) for the period (1,733,598) 90,854 (6,634,775) (1,014,764) Earnings/(loss) per share for the period - Rs. (3.39) 0.16 (12.81) (2.34) (Basic / Diluted)

The above figures are provisional and subject to audit.

1 Aitken Spence Hotel Holdings PLC

Company Income Statement

Quarter ended Nine months ended 31st December 31st December 2020 2019 2020 2019 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Revenue 23,893 203,713 39,923 433,723 Revenue taxes - (2,406) - (7,517) Net revenue 23,893 201,307 39,923 426,206

Other operating income/(expenses) 768 4,772 (9,152) 468,390

Staff costs (30,113) (46,371) (69,298) (136,252) Depreciation (15,806) (15,627) (47,693) (45,390) Amortisation (436) (586) (1,430) (1,675) Other operating expenses - direct (15,485) (59,683) (23,857) (134,247) Other operating expenses - indirect (49,376) (81,711) (122,668) (221,306)

Profit /(loss) from operations (86,555) 2,101 (234,175) 355,726 Finance income 14,516 18,999 51,115 69,289 Finance expense (19,664) (29,800) (68,508) (91,565) Net finance expense (5,148) (10,801) (17,393) (22,276)

Profit/(loss) before tax (91,703) (8,700) (251,568) 333,450 Income tax (expense)/refund 197 (5,778) (970) (19,035) Profit/(loss) for the period (91,506) (14,478) (252,538) 314,415 Earnings/(loss) per share for the period - Rs. (0.28) (0.05) (0.78) 0.90 (Basic / Diluted)

The above figures are provisional and subject to Audit.

2 Aitken Spence Hotel Holdings PLC

Consolidated Statement of Profit or Loss and other Comprehensive Income Quarter ended Nine months ended 31st December 31st December 2020 2019 2020 2019 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Profit/(loss) for the period (1,733,598) 90,854 (6,634,775) (1,014,764)

Other comprehensive income/(loss) Items that are or may be reclassified to profit or loss Foreign currency translation differences of foreign operations 66,138 (41,996) (155,527) 398,246 Net movement on cash flow hedges (346,496) (157,230) (586,224) (147,640) Other comprehensive income/(loss) for the period (net of tax) (280,358) (199,226) (741,751) 250,606 Total comprehensive loss for the period (net of tax) (2,013,956) (108,372) (7,376,526) (764,158) Attributable to: Equity holders of the parent company (1,301,052) (65,073) (4,741,761) (617,328) Non -controlling interests (712,904) (43,299) (2,634,765) (146,830) Total comprehensive loss for the period (net of tax) (2,013,956) (108,372) (7,376,526) (764,158)

The above figures are provisional and subject to audit.

3 Aitken Spence Hotel Holdings PLC

Statement of Profit or Loss and other Comprehensive Income - Company Quarter ended Nine months ended 31st December 31st December 2020 2019 2020 2019 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Profit/(loss) for the period (91,506) (14,478) (252,538) 314,415

Other comprehensive income/(loss) Items that are or may be reclassified to profit or loss Foreign currency translation differences of foreign operations - - - - Other comprehensive income/(loss) for the period (net of tax) - - - - Total comprehensive income/(loss) for the period (net of tax) (91,506) (14,478) (252,538) 314,415

The above figures are provisional and subject to audit.

4 Aitken Spence Hotel Holdings PLC

Consolidated Statement of Financial Position

As at 31.12.2020 31.12.2019 31.03.2020 Rs.’ 000 Rs.’ 000 Rs.’ 000 ASSETS Non - current assets Property, plant and equipment 50,738,651 51,603,678 52,554,379 Right-of-use-assests 11,369,235 10,866,431 11,172,389 Intangible assets 549,355 561,197 580,627 Investment in equity accounted investees 697,106 1,010,176 910,478 Other financial assests 874,726 805,789 764,245 Deferred tax assets 446,568 176,229 295,849 64,675,641 65,023,500 66,277,967 Current assets Inventories 780,758 835,645 933,540 Trade and other receivables 1,101,612 2,235,106 1,681,349 Amount due from 376,645 501,264 740,232 Amount due from parent's group entities 308,226 351,541 467,086 Deposits and prepayments 422,880 754,072 588,774 Current tax receivable 49,480 54,167 33,467 Other financial assets 8,617 80,612 128,828 Cash and cash equivalents 1,843,509 1,728,768 2,473,266 4,891,727 6,541,175 7,046,542 Assets classified as held for sale 1,007,921 980,111 1,025,525 Total Assets 70,575,289 72,544,786 74,350,034

EQUITY AND LIABILITIES Equity Stated capital 3,554,587 3,554,587 3,554,587 Reserves 4,974,558 5,171,815 5,419,419 Retained earnings 7,277,144 11,312,891 11,588,894 Total equity attributable to equity holders of the parent company 15,806,289 20,039,293 20,562,900 Non - controlling interests 5,952,765 8,408,545 8,587,530 Total Equity 21,759,054 28,447,838 29,150,430 Non - current liabilities Interest - bearing liabilities - banks 27,701,113 24,841,750 24,890,820 Interest - bearing liabilities - leases 9,594,556 8,360,047 8,609,274 Deferred tax liabilities 971,615 1,053,541 991,305 Employee benefits 224,872 228,344 209,714 38,492,156 34,483,682 34,701,113 Current liabilities Trade payables 828,909 985,860 940,582 Other provisions and payables 2,846,079 3,612,398 3,494,354 Amount due to holding company 220,319 124,371 134,293 Amount due to parent's group entities 89,984 80,737 74,009 Interest - bearing liabilities - banks 1,194,528 1,981,225 2,757,480 Interest - bearing liabilities - leases 753,232 488,056 524,112 Current tax payable 6,051 126,710 80,778 Bank overdrafts and other short term borrowings 4,384,977 2,213,909 2,492,883 10,324,079 9,613,266 10,498,491 Total Liabilities 48,816,235 44,096,948 45,199,604 Total Equity and Liabilities 70,575,289 72,544,786 74,350,034

Net Asset value per share (Rs.) 46.51 59.10 60.66 The above figures are provisional and subject to audit.

The Chief Financial Officer certfies that the financial statements have been prepared in compliance with the requirement of the Companies Act No. 07 of 2007.

Deshamanya D.H.S Jayawardena Dr. M.P Dissanayake D.G.P Ekanayake Chairman Managing Director Assistant Vice President - Finance

Colombo 12th February 2021

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Company Statement of Financial Position

As at 31.12.2020 31.12.2019 31.03.2020 Rs.’ 000 Rs.’ 000 Rs.’ 000 ASSETS Non - current assets Property, plant and equipment 1,593,328 1,625,542 1,624,222 Intangible assets 1,841 3,769 3,271 Investments in subsidiaries 8,006,841 8,141,540 8,006,841 Investment in equity accounted investees 1,306,552 1,282,873 1,222,873 Other financial assets 719,254 654,607 606,058 11,627,816 11,708,331 11,463,265 Current assets Inventories 16,003 28,177 19,624 Trade and other receivables 47,415 123,236 136,869 Amount due from holding company - - 32,148 Amount due from parent's group entities 68,031 77,184 112,006 Deposits and prepayments 16,616 18,854 8,066 Current tax receivable 13,750 14,544 17,371 Other financial assets 8,617 21,597 82,686 Cash and cash equivalents 529,345 84,892 502,765 699,777 368,484 911,535 Total Assets 12,327,593 12,076,815 12,374,800 EQUITY AND LIABILITIES Equity Stated capital 3,554,587 3,554,587 3,554,587 Reserves 705,961 705,961 705,961 Retained earnings 6,350,859 6,292,539 6,618,247 Total Equity 10,611,407 10,553,087 10,878,795 Non - current liabilities Interest - bearing liabilities - banks 700,825 575,675 471,763 Deferred tax liabilities 38,728 68,819 41,433 Employee benefits 37,992 38,323 34,545 777,545 682,817 547,741 Current liabilities Trade creditors 12,215 39,184 17,997 Other provisions and payables 79,459 114,907 105,639 Amount due to holding company 131,413 46,521 42,836 Amount due to parent's group entities 527,155 490,251 501,284 Interest - bearing liabilities - banks 91,293 136,994 255,898 Bank overdrafts and other short term borrowings 97,106 13,054 24,610 938,641 840,911 948,264 Total Liabilities 1,716,186 1,523,728 1,496,005 Total Equity and Liabilities 12,327,593 12,076,815 12,374,800 Net Asset value per share (Rs.) 31.06 30.89 31.86 The above figures are provisional and subject to audit.

The Chief Financial Officer certfies that the financial statements have been prepared in compliance with the requirement of the Companies Act No. 07 of 2007.

Deshamanya D.H.S Jayawardena Dr. M.P Dissanayake D.G.P Ekanayake Chairman Managing Director Assistant Vice President - Finance

Colombo 12th February 2021

6 Aitken Spence Hotel Holdings PLC

Consolidated Statement of Changes in Equity

For the nine months ended 31st December ______Attributable to the Equity Holders of the Parent Company ______Capital General Foreign Fair Value Cashflow Revaluation Retained Total Non Total Reserves Currency Reserve hedge Reserve Earnings Controlling Equity Translation Reserve Interest Reserve Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Balance as at 01st April 2019 3,554,587 22,929 3,049,131 – (626,716) 2,551,791 12,787,099 21,338,821 9,256,614 30,595,435 Less: Impact on adoption of SLFRS 16 – – – – – – (427,248) (427,248) (359,559) (786,807) Restated balance as at 01st April 2019 3,554,587 22,929 3,049,131 – (626,716) 2,551,791 12,359,851 20,911,573 8,897,055 29,808,628 Loss for the period – – – – – – (776,088) (776,088) (238,676) (1,014,764) Other comprehensive income/(loss) for the period – – 247,344 – (88,584) – – 158,760 91,846 250,606 Total comprehensive income/(loss) for the – – 247,344 – (88,584) – (776,088) (617,328) (146,830) (764,158) period Effect of % holding change in subsidiaries – – – – – 15,920 80,268 96,188 (96,188) - Dividends - 2018/19 – – – – – – (351,140) (351,140) (245,492) (596,632) Balance as at 31 st December 2019 3,554,587 22,929 3,296,475 – (715,300) 2,567,711 11,312,891 20,039,293 8,408,545 28,447,838

Balance as at 01st April 2020 3,554,587 22,929 3,645,259 (14,878) (801,633) 2,567,742 11,588,894 20,562,900 8,587,530 29,150,430 Loss for the period – – – – – – (4,296,900) (4,296,900) (2,337,875) (6,634,775) Other comprehensive loss for the period – – (93,127) – (351,734) – – (444,861) (296,890) (741,751) Total comprehensive loss for the period – – (93,127) – (351,734) – (4,296,900) (4,741,761) (2,634,765) (7,376,526) Preference Dividends - 2019/20 – – – – – – (14,850) (14,850) – (14,850) Balance as at 31st December 2020 3,554,587 22,929 3,552,132 (14,878) (1,153,367) 2,567,742 7,277,144 15,806,289 5,952,765 21,759,054

The above figures are provisional and subject to audit.

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Company Statement of Changes in Equity

For the nine months ended 31st December Capital General Revaluation Retained Total Reserves Reserve Earnings

Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Balance as at 01st April 2019 3,554,587 22,929 683,032 6,329,264 10,589,812 Profit for the period – – – 314,415 314,415 Other comprehensive income/(loss) for the period – – – – – Total comprehensive income for the period – – – 314,415 314,415 Dividends - 2018/19 – – – (351,140) (351,140) Balance as at 31st December 2019 3,554,587 22,929 683,032 6,292,539 10,553,087

Balance as at 01st April 2019 3,554,587 22,929 683,032 6,618,247 10,878,795 Loss for the period – – – (252,538) (252,538) Other comprehensive income/(loss) for the period – – – – – Total comprehensive loss for the period – – – (252,538) (252,538) Preference Dividends -2019/20 – – – (14,850) (14,850) Balance as at 31st December 2020 3,554,587 22,929 683,032 6,350,859 10,611,407

The above figures are provisional and subject to Audit.

8 Aitken Spence Hotel Holdings PLC

Statement of Cash Flows

Group Company For the nine months ended 31st December 2020 2019 2020 2019 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Cash Flow from operating activities Profit/(loss) before taxation (6,820,779) (669,267) (251,568) 333,450 Adjustments for Depreciation 1,890,588 1,502,140 47,693 45,390 Amortisation 597,887 531,240 1,430 1,675 Provision for impairment of debtors 23,474 31,382 11,611 1,318 Impairment reversal of financial assets (328) (1,597) (328) (1,597) Interest expense 1,665,655 1,268,361 68,508 91,565 Interest income (106,442) (145,378) (51,115) (69,289) (Profit)/Loss on sale of property, plant and equipment 4,522 (5,260) (218) (2,508) Provision for employee benefits 33,516 36,508 6,154 7,815 Reversal of provision of ex-gratia (109,963) - (18,526) - Share of loss of equity accounted investees (net of tax) 297,051 232,036 - - Operating profit/(loss) before working capital changes (2,524,819) 2,780,165 (186,359) 407,819 (Increase) / Decrease in inventories 152,782 (282,767) 3,621 (7,890) (Increase) / Decrease in trade and other receivables 556,263 (171,744) 77,843 36,712 (Increase) / Decrease in amount due from holding company 363,587 648,809 32,148 312,619 (Increase) / Decrease in amount due from parent's group entities 158,860 (48,144) 43,974 34,405 (Increase) / Decrease in deposits and prepayments 165,894 10,052 (8,550) 6,791 Increase / (Decrease) in trade creditors (111,673) 62,356 (5,782) 10,020 Increase / (Decrease) in provisions and other payables (334,249) 635,305 (401) (28,403) Increase / (Decrease) in amount due to holding company 86,026 14,351 88,577 22,372 Increase / (Decrease) in Amount due to parent's group entities 15,975 24,686 238 (292,895) Cash generated from/(used in) operations (1,471,354) 3,673,069 45,309 501,550 Interest paid (272,868) (631,416) (3,418) (59,525) Ex-gratia paid (28,379) - (7,253) - Gratuity paid (17,341) (17,333) (2,707) (4,964) Income tax paid (75,145) (340,379) (54) (2,354) Net cash flow generated from/(used in) operating activities (1,865,087) 2,683,941 31,877 434,707 (Carried forward to next page)

9 Aitken Spence Hotel Holdings PLC

Statement of Cash Flows - contd.

Group Company For the nine months ended 31st December 2020 2019 2020 2019 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Net cash flow generated from/(used in) operating activities (1,865,087) 2,683,941 31,877 434,707 (brought forward) Cash flows from investing activities Purchase of debt securities - - - (437,339) Investment in equity (83,679) 13,333 (83,679) 13,333 Acquisition of property, plant and equipment (521,558) (3,316,030) (17,010) (69,504) Purchase of intangible assets - (91,979) - (2,382) Proceeds from sale of property, plant and equipment 4,151 7,670 429 3,570 Purchase of term deposits - (45,882) - - Interest received from deposits 67,643 129,724 12,317 53,635 Net cash flow used in investing activities (533,443) (3,303,164) (87,943) (438,687) Cash flows from financing activities Proceeds from interest bearing liabilities - banks 44,600 1,677,534 25,000 67,000 Repayment of interest bearing liabilities - banks (128,061) (2,065,274) - (66,600) Repayment of interest bearing liabilities - leases (233,826) - - - Dividends paid (14,850) (351,140) (14,850) (351,140) Dividend paid to shareholders of non-controlling interest - (245,492) - - Net cash flow generated from/(used in) financing activities (332,137) (984,372) 10,150 (350,740) Net decrease in cash and cash equivalents (2,730,667) (1,603,595) (45,916) (354,720) Cash and cash equivalents at the beginning of the period 189,199 1,118,454 478,155 426,558 adjusted for effect of exchange rate change Cash and cash equivalents at the end of the period (2,541,468) (485,141) 432,239 71,838 Analysis of cash & cash equivalents at the end of the period Cash at bank and in hand and short term deposits 1,843,509 1,728,768 529,345 84,892 Bank overdrafts (4,384,977) (2,213,909) (97,106) (13,054) (2,541,468) (485,141) 432,239 71,838

The above figures are provisional and subject to audit.

10 Aitken Spence Hotel Holdings PLC

Notes to the Interim Financial Statements

1 Segmental Results

1.1 Revenue Group External Intra Group Total Total For the nine months ended 31st December 2020 2019 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Sri Lankan Sector and Hotels 365,639 5,683 371,322 3,041,430 Others 1,122 30,614 31,736 372,332 Total Sri Lankan Sector 366,761 36,297 403,058 3,413,762 South Asian and Sector 1,547,487 23,127 1,570,614 10,319,373 1,914,248 59,424 1,973,672 13,733,135 Intra Group (59,424) (445,791) Total 1,914,248 13,287,344

1.2 Profit/(Loss) before taxation Group For the nine months ended 31st December 2020 2019 Rs.’ 000 Rs.’ 000 Sri Lankan Sector Resorts and Hotels (1,575,923) (559,421) Others (198,692) 104,080 (1,774,615) (455,341) Share of loss of equity accounted investees (297,051) (232,036) Total Sri Lankan Sector (2,071,666) (687,377) South Asian and Middle East Sector (4,749,113) 18,100 Total (6,820,779) (669,277)

1.3 Total Assets Group For the nine months ended 31st December 2020 2019 Rs.’ 000 Rs.’ 000 Sri Lankan Sector Resorts and Hotels 19,284,433 20,235,526 Others 555,458 305,516 19,839,891 20,541,042 Share of equity accounted investees 697,106 1,010,176 Total Sri Lankan Sector 20,536,997 21,551,218 South Asian and Middle East Sector 50,038,292 50,993,568 Total 70,575,289 72,544,786

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Notes to the Interim Financial Statements - contd.

2 Basis of preparation The financial statements of the Company and those consolidated with such for the interim period have been prepared on the same accounting policies and methods of computations as in the most recent audited financial statements and are in compliance with LKAS 34-Interim Financial Reporting. The accounting policies have been consistently applied by the Group and are consistent with those used in the previous year. The presentation and classification of the financial statements of the previous periods have been amended where relevant to be comparable with those of the current year. 3 Dividend paid Company has paid a preference share dividnd of Rs. 0.90 per share for the year ended 31st March 2020 as preference shareholders are entitled to dividends at 9% annually. Total preference share dividend payment amounted to Rs. 14,850,000/-. 4 Fair value measurement and related fair value disclosures All significant differences in the comparison made between fair value and carrying value of financial assets and liabilities, were adjusted in the interim financial statement as at 31st March 2020. There were neither transfers between different levels of fair value hierarchy nor changes to assets classes classified under recurring and non-recurring basis. Valuation techniques or significant unobservable inputs used for measuring level 2 and level 3 fair values remains unchanged from reporting date as at 31st March 2020. During the period under review there were no transfers in and out of level 3 financial instrument measurement and any change in fair values are captured in the statement of other comprehensive income. Unquoted equity shares that are subjected to level 3 of fair value measurement hierarchy, were revalued as at the reporting date. Fair value would not significantly vary if one or more unobservable inputs used for valuation were changed. 5 Events after the reporting period Heritance Ahungalla, Heritance Ayurveda Mahagedara, Turyaa and Heritance have been registered as “safe and secure certified Level 1 hotels” by Development Authority to accommodate international tourists with the reopening of the International airport commencing from 21st January 2021. There were no material events subsequant to the end of the year which require disclosures in the interim financial statements. 6 Seasonality of operations Five months of the period under review relates to the off season of the tourism industry both in Sri Lanka and Overseas, the Group operates. 7 Contingencies, capital and other commitments There were no material changes in contingent liabilities which were disclosed in the Annual Report for the year ended 31st March 2020. 8 There was no liability to management fees or any other similar expenditure not provided for in the interim financial statements.

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Investor Information

1 Share Information 31.12.2020 31.12.2019 Market Price per Share - Highest (Rs.) 33.90 31.80 - Lowest (Rs.) 17.70 23.80 - Last Traded Price (Rs.) 33.00 27.10 - Closing Price (Rs.) 32.30 27.10

Number of shares represented by the stated capital 31.12.2020 31.12.2019 - Ordinary 336,290,010 336,290,010 - Preference 16,500,000 16,500,000

2 Percentage of shares held by the public as at 31st December 2020 was 25.41%. Number of public shareholders as at 31st December 2020 was 3,729.

3 The float adjusted market capitalisation as at 31st December 2020 was Rs. 2,759,594,880/- with reference to section 7.4.b(ii) of the Listing Rules of the . As the float adjusted market capitalisation is over Rs. 2.5 billion, Aitken Spence Hotel Holdings PLC complies under option 4 with the minimum public holding requirements.

4 Share held by the Directors are as follows:

Name of the Director Position No of Shares No of Shares 31.12.2020 31.12.2019 Deshamanaya D.H.S Jayawardena Chairman - - Dr. M.P Dissanayake Managing Director - - Ms. D.S.T Jayawardena Director 16,000 16,000 Mr. C.M.S Jayawickrama Director - - Mr. J.M.S Brito Director 300,658 331,021 Mr. R.N Asirwatham Director 1,000 1,000 Mr. N.J. de S. Deva Aditya Director - - Mr. C.H Gomez Director - - Mr. G.P.J Goonewardena Director 5,460 5,460 323,118 353,481

13 Aitken Spence Hotel Holdings PLC

Investor Information - contd.

5 Twenty Largest Shareholders as at 31st December 2020

Name of the Share Holder No of Shares % Aitken Spence PLC - A/C No. 1 239,472,667 71.21% Employees Provident Fund 31,501,601 9.37% Sri Lanka Insurance Corporation Ltd. - Life Fund 5,518,727 1.64% Ace Cargo (Private) Limited 4,423,601 1.32% Aitken Spence Hotel Managements (Private) Limited 3,530,639 1.05% Aitken Spence Aviation (Private) Limited 2,604,140 0.77% Bank of Ceylon - No. 1 Account 2,547,424 0.76% Employees Trust Fund Board 2,370,705 0.70% The Ceylon Guardian Investments Trust PLC A/C # 02 2,245,982 0.67% J B Cocoshell (Private) Limited 2,164,403 0.64% National Savings Bank 2,102,133 0.63% Mr. G. C. Wickremasinghe 2,082,241 0.62% Associated Electrical Corporation Limited 1,500,000 0.45% Mr. K. Balendra 1,433,695 0.43% Ceylon Investments PLC A/C # 02 1,283,675 0.38% Miss. A.T. Wickramasinghe 1,245,004 0.37% Bank of Ceylon A/C Ceybank Century Growth Fund 1,078,973 0.32% Mr. M. J. Fernando 1,000,000 0.30% Mrs. K. Fernando 991,149 0.29% Ceylon Investments PLC A/C # 01 985,900 0.29% 310,082,659 92.21%

14 Aitken Spence Hotel Holdings PLC

Corporate Information as at 31.12.2020

Directors Deshamanya D.H.S. Jayawardena - (Chairman) Dr. M.P. Dissanayake - Professor - Maritime Studies, Alumini USJ, Norad, JICA, University of Oxford - Business Alumini. Harvard Business School (EEP). Fellow (CIM, ICS, CILT-UK) - (Managing Director) Ms. D.S.T. Jayawardena Mr. C.M.S. Jayawickrama - FCMA Mr. J.M.S. Brito - LLB, FCA, MBA Mr. R.N. Asirwatham - FCA Mr. C.H. Gomez Mr. N.J. de Silva Deva Aditya - DL, FRSA, MEP Mr. G.P.J. Goonewardena

Legal Form A public quoted Company with limited liability Incorporated in Sri Lanka on 14th March 1978

Company registration Number PQ 97

Secretaries Aitken Spence Corporate Finance (Private) Limited No 315, Vauxhall Street, Colombo 02, Sri Lanka. Tel: (+94 11) 2308308 Fax: (+94 11) 2445406

Registrars Central Depository Systems (Private) Limited Ground Floor, M & M Centre, No. 341/5, Kotte Road, Rajagiriya, Sri Lanka. Tel: (+94 11) 2356456 Fax: (+94 11) 2440396

Registered Address No 315, Vauxhall Street, Colombo 02, Sri Lanka. Tel: (+94 11) 2308308

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