Aitken Spence Hotel Holdings PLC

Interim Financial Statement - 4th Quarter (For the twelve months ended 31st Marh 2021) Aitken Spence Hotel Holdings PLC

Consolidated Income Statement

Quarter ended Twelve months ended 31st March 31st March 2021 2020 2021 2020 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Unaudited Audited Unaudited Audited

Revenue 3,814,131 5,731,897 5,728,379 19,019,241

Revenue taxes (99,083) (84,269) (136,611) (430,854)

Net revenue 3,715,048 5,647,628 5,591,768 18,588,387

Other operating income/(expenses) 26,310 (26,384) (45,957) 117,801

Staff costs (792,188) (1,048,654) (2,431,437) (3,800,748)

Depreciation (643,685) (613,996) (2,534,273) (2,116,136)

Amortisation and impairment (206,291) (199,503) (804,178) (730,743)

Other operating expenses - direct (938,555) (1,185,586) (1,512,542) (4,256,434)

Other operating expenses - indirect (1,384,619) (1,695,590) (3,451,876) (6,238,460)

Profit/(loss) from operations (223,980) 877,915 (5,188,495) 1,563,667

Finance income 28,265 41,321 134,707 186,699

Finance expense (508,316) (592,992) (2,173,971) (1,861,353)

Net finance expense (480,051) (551,671) (2,039,264) (1,674,654)

Share of loss of equity accounted investees (net of tax) (81,810) (90,000) (378,861) (322,036)

Profit/(loss) before tax (785,841) 236,244 (7,606,620) (433,023)

Income tax (expense)/refund 167,401 (117,204) 353,405 (462,701)

Profit/(loss) for the period (618,440) 119,040 (7,253,215) (895,724)

Attributable to:

Equity holders of the parent company (372,145) 151,135 (4,669,045) (624,953)

Non -controlling interests (246,295) (32,095) (2,584,170) (270,771)

Profit/(loss) for the period (618,440) 119,040 (7,253,215) (895,724)

Earnings/(loss) per share for the period - Rs. (1.12) 0.44 (13.93) (1.90) (Basic / Diluted)

1 Aitken Spence Hotel Holdings PLC

Company Income Statement

Quarter ended Twelve months ended 31st March 31st March 2021 2020 2021 2020 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Unaudited Audited Unaudited Audited

Revenue 83,824 270,486 123,747 704,209

Revenue taxes - - - (7,517)

Net revenue 83,824 270,486 123,747 696,692

Other operating income 78,389 440,528 69,237 908,918

Staff costs (33,235) (44,309) (102,533) (180,561)

Depreciation (15,597) (16,024) (63,290) (61,414)

Amortisation and impairment (39,125) (185,275) (40,555) (186,950)

Other operating expenses - direct (25,631) (57,177) (49,488) (191,424)

Other operating expenses - indirect (53,357) (104,029) (176,025) (325,335)

Profit /(loss) from operations (4,732) 304,200 (238,907) 659,926

Finance income 12,712 18,018 63,827 87,307

Finance expense (14,772) (26,514) (83,280) (118,079)

Net finance expense (2,060) (8,496) (19,453) (30,772)

Profit/(loss) before tax (6,792) 295,704 (258,360) 629,154

Income tax (expense)/refund (1,105) 27,752 (2,075) 8,717

Profit/(loss) for the period (7,897) 323,456 (260,435) 637,871

Earnings/(loss) per share for the period - Rs. (0.03) 0.95 (0.82) 1.85 (Basic / Diluted)

2 Aitken Spence Hotel Holdings PLC

Consolidated Statement of Profit or Loss and Other Comprehensive Income Quarter ended Twelve months ended 31st March 31st March 2021 2020 2021 2020 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Unaudited Audited Unaudited Audited

Profit/(loss) for the period (618,440) 119,040 (7,253,215) (895,724)

Other comprehensive income/(loss)

Items that will never be reclassified to profit or loss

Share of other comprehensive income of equity accounted investees 17,464 5,358 17,464 5,358

Actuarial gains/(losses) on defined benefit obligations (28,661) 17,128 (28,661) 17,128

Income tax on other comprehensive income 3,453 (2,153) 3,453 (2,153)

(7,744) 20,333 (7,744) 20,333

Items that are or may be reclassified to profit or loss

Foreign currency translation differences of foreign operations 957,489 531,472 801,962 929,718

Net movement in fair value reserves 26,123 (14,878) 26,123 (14,878)

Net movement on cash flow hedges (126,406) (143,889) (712,630) (291,529)

857,206 372,705 115,455 623,311

Other comprehensive income/(loss) for the period (net of tax) 849,462 393,038 107,711 643,644

Total comprehensive income/(loss) for the period (net of tax) 231,022 512,078 (7,145,504) (252,080)

Attributable to:

Equity holders of the parent company 177,523 414,970 (4,564,238) (202,358)

Non -controlling interests 53,499 97,108 (2,581,266) (49,722)

Total comprehensive income/(loss) for the period (net of tax) 231,022 512,078 (7,145,504) (252,080)

3 Aitken Spence Hotel Holdings PLC

Statement of Profit or Loss and Other Comprehensive Income - Company Quarter ended Twelve months ended 31st March 31st March 2021 2020 2021 2020 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Unaudited Audited Unaudited Audited

Profit/(loss) for the period (7,897) 323,456 (260,435) 637,871

Other comprehensive income/(loss)

Items that will never be reclassified to profit or loss

Revaluation of property, plant and equipment - - - -

Actuarial gains/ (losses) on defined benefit obligations (5,650) 2,619 (5,650) 2,619

Income tax on other comprehensive income 791 (367) 791 (367)

(4,859) 2,252 (4,859) 2,252

Items that are or may be reclassified to profit or Loss

Foreign currency translation differences of foreign operations - - - -

Net movement in fair value reserves - - - -

- - - -

Other comprehensive income/(loss) for the period (net of tax) (4,859) 2,252 (4,859) 2,252

Total comprehensive income/(loss) for the period (net of tax) (12,756) 325,708 (265,294) 640,123

4 Aitken Spence Hotel Holdings PLC

Consolidated Statement of Financial Position

As at 31.03.2021 31.03.2020 Rs.’ 000 Rs.’ 000 Unaudited Audited ASSETS Non - current assets Property, plant and equipment 52,766,644 52,554,379 Right-of-use-assests 11,964,320 11,172,389 Intangible assets 581,137 580,627 Investment in equity accounted investees 631,527 910,478 Other financial assests 772,508 764,245 Deferred tax assets 717,802 295,849 67,433,938 66,277,967 Current assets Inventories 817,377 933,540 Trade and other receivables 893,820 1,681,349 Amount due from 476,904 740,232 Amount due from parent's group entities 231,334 467,086 Deposits and prepayments 368,513 588,774 Current tax receivable 47,135 33,467 Other financial assets 714,562 128,828 Cash and cash equivalents 2,105,560 2,473,266 5,655,205 7,046,542 Assets classified as held for sale 1,079,094 1,025,525 Total Assets 74,168,237 74,350,034 EQUITY AND LIABILITIES Equity Stated capital 3,554,587 3,554,587 Reserves 5,554,233 5,419,419 Retained earnings 6,847,636 11,588,894 Total equity attributable to equity holders of the parent company 15,956,456 20,562,900 Non-controlling interests 6,006,264 8,587,530 Total Equity 21,962,720 29,150,430 Non - current liabilities Interest - bearing liabilities - banks 28,147,885 24,890,820 Interest - bearing liabilities - leases 9,990,825 8,609,274 Deferred tax liabilities 1,019,424 991,305 Employee benefits 248,550 209,714 39,406,684 34,701,113 Current liabilities Trade payables 913,389 940,582 Other provisions and payables 3,295,873 3,494,354 Amount due to holding company 168,765 134,293 Amount due to parent's group entities 75,307 74,009 Interest - bearing liabilities - banks 2,568,340 2,757,480 Interest - bearing liabilities - leases 1,042,409 524,112 Current tax payable 2,097 80,778 Bank overdrafts and other short term borrowings 4,732,653 2,492,883 12,798,833 10,498,491 Total Liabilities 52,205,517 45,199,604 Total Equity and Liabilities 74,168,237 74,350,034 Net Asset value per share (Rs.) 46.96 60.66

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.

sgd. sgd. sgd. Deshamanya D.H.S Jayawardena Dr. M.P Dissanayake Ms. H.F.S Kulatunga Chairman Managing Director General Manager - Finance 21st May 2021 5 Aitken Spence Hotel Holdings PLC

Company Statement of Financial Position

As at 31.03.2021 31.03.2020 Rs.’ 000 Rs.’ 000 Unaudited Audited ASSETS Non - current assets Property, plant and equipment 1,583,243 1,624,222 Intangible assets 1,406 3,271 Investments in subsidiaries 8,006,841 8,006,841 Investment in equity accounted investees 1,267,862 1,222,873 Other financial assets 606,058 606,058 11,465,410 11,463,265 Current assets Inventories 15,122 19,624 Trade and other receivables 82,396 136,869 Amount due from holding company 82,929 32,148 Amount due from parent's group entities 47,386 112,006 Deposits and prepayments 4,128 8,066 Current tax receivable 12,134 17,371 Other financial assets 139,794 82,686 Cash and cash equivalents 474,920 502,765 858,809 911,535 Total Assets 12,324,219 12,374,800 EQUITY AND LIABILITIES Equity Stated capital 3,554,587 3,554,587 Reserves 705,961 705,961 Retained earnings 6,338,103 6,618,247 Total Equity 10,598,651 10,878,795 Non - current liabilities Interest - bearing liabilities - banks 558,554 471,763 Deferred tax liabilities 37,426 41,433 Employee benefits 43,437 34,545 639,417 547,741 Current liabilities Trade creditors 16,134 17,997 Other provisions and payables 55,863 105,639 Amount due to holding company 134,856 42,836 Amount due to parent's group entities 533,707 501,284 Interest - bearing liabilities - banks 238,410 255,898 Bank overdrafts and other short term borrowings 107,181 24,610 1,086,151 948,264 Total Liabilities 1,725,568 1,496,005 Total Equity and Liabilities 12,324,219 12,374,800 Net Asset value per share (Rs.) 31.03 31.86

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.

sgd. sgd. sgd. Deshamanya D.H.S Jayawardena Dr. M.P Dissanayake Ms. H.F.S Kulatunga Chairman Managing Director General Manager - Finance

Colombo 21st May 2021

6 Aitken Spence Hotel Holdings PLC

Consolidated Statement of Changes in Equity

For the twelve months ended 31st March ______Attributable to Equity Holders of the parent ______Stated General Foreign Fair Value Cashflow Revaluation Retained Total Non Total Capital Reserve 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 adjustments due to: - initial application of SLFRS 16, net of tax ------(318,054) (318,054) (277,099) (595,153) - application of IFRIC 23 ------(693) (693) (430) (1,123) Restated balance as at 01 st April 2019 3,554,587 22,929 3,049,131 - (626,716) 2,551,791 12,468,352 21,020,074 8,979,085 29,999,159 Profit/(loss) for the period ------(624,953) (624,953) (270,771) (895,724) Other comprehensive income/(loss) for the period - - 596,128 (14,878) (174,917) - 16,262 422,595 221,049 643,644 Total comprehensive income/(loss) for the period - - 596,128 (14,878) (174,917) - (608,691) (202,358) (49,722) (252,080) Effect of % holding change in subsidiaries - - - - - 15,951 80,373 96,324 (96,324) - Dividends - 2018/19 ------(351,140) (351,140) (245,509) (596,649) Balance as at 31 st March 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 Profit/(loss) for the period ------(4,669,045) (4,669,045) (2,584,170) (7,253,215) Other comprehensive income/(loss) for the period - - 507,832 26,123 (427,578) 28,437 (30,007) 104,807 2,904 107,711 Total comprehensive income/(loss) for the period - - 507,832 26,123 (427,578) 28,437 (4,699,052) (4,564,238) (2,581,266) (7,145,504) Effect of change in % holding of share of net assets of equity accounted investees ------(27,356) (27,356) - (27,356) Preference Dividends - 2019/20 ------(14,850) (14,850) - (14,850) Balance as at 31 st March 2021 3,554,587 22,929 4,153,091 11,245 (1,229,211) 2,596,179 6,847,636 15,956,456 6,006,264 21,962,720

7 Aitken Spence Hotel Holdings PLC

Company Statement of Changes in Equity

For the twelve months ended 31st March Stated General Revaluation Retained Total Capital Reserve Reserve Earnings

Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Rs ‘000 Balance as at 01 st April 2019 3,554,587 22,929 683,032 6,329,264 10,589,812 Profit/(loss) for the period – – – 637,871 637,871 Other comprehensive income/(loss) for the period – – – 2,252 2,252 Total comprehensive income/(loss) for the period – – – 640,123 640,123 Final Dividends - 2018/19 – – – (351,140) (351,140) Balance as at 31 st March 2020 3,554,587 22,929 683,032 6,618,247 10,878,795 Profit/(loss) for the period – – – (260,435) (260,435) Other comprehensive income/(loss) for the period – – – (4859) (4,859) Total comprehensive income/(loss) for the period – – – (265,294) (265,294) Preference Dividends -2019/20 – – – (14,850) (14,850) Balance as at 31 st March 2021 3,554,587 22,929 683,032 6,338,103 10,598,651

8 Aitken Spence Hotel Holdings PLC

Statement of Cash Flows

GROUP COMPANY For the twelve months ended 31st March 2021 2020 2021 2020 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Unaudited Audited Unaudited Audited Cash Flow from operating activities Profit/(loss) before taxation (7,606,620) (433,023) (258,360) 629,154 Adjustments for Depreciation 2,534,273 2,116,136 63,290 61,414 Amortisation of ROU assets and intangible assets 804,178 730,743 1,865 2,172 Provision for impairment/(reversal of impairment) of trade debtors 128,073 80,782 19,970 6,967 Provision of impairment/(reversal of impairment) of financial assets (8,394) 3,603 (8,394) 3,603 Impairment of investment in subsidiaries and equity accounted investees - - 38,690 184,778 Provision of impairment of inventories 2,781 - - - Loss on liquidation of a subsidiary - - - 9,921 Interest expense 2,173,971 1,861,353 83,280 118,079 Interest income (134,707) (186,699) (63,827) (87,307) (Profit)/Loss on sale of property, plant and equipment 447 (1,552) (359) (2,510) Provision for retirement benefit obligations 40,050 40,348 6,572 6,730 Share of loss of equity accounted investees (net of tax) 378,861 322,036 - 0 Effect of movement in exchange rates 83,220 3,695 (31,442) (12,594) Operating profit/(loss) before working capital changes (1,603,867) 4,537,422 (148,715) 920,407

(Increase) / Decrease in inventories 113,382 (380,662) 4,502 663 (Increase) / Decrease in trade and other receivables 659,456 332,613 34,449 14,605 (Increase) / Decrease in amount due from holding company 263,328 409,841 (50,781) 280,427 (Increase) / Decrease in amount due from parent's group entities 235,752 (163,689) 64,620 (417) (Increase) / Decrease in deposits and prepayments 220,261 175,350 3,938 17,579 Increase / (Decrease) in trade creditors (27,193) 17,078 (1,863) (11,168) Increase / (Decrease) in provisions and other payables (198,481) 517,261 (49,776) (37,670) Increase / (Decrease) in amount due to holding company 34,472 24,273 92,020 18,687 Increase / (Decrease) in Amount due to parent's group entities 1,298 17,958 32,423 (330,278) Cash generated from/(used in) operations (301,592) 5,487,445 (19,183) 872,835 Interest expense paid (340,950) (1,683,017) (38,977) (82,849) Retirement benefit oboligations paid (35,473) (25,934) (3,330) (5,038) Income taxes paid (129,325) (474,723) - (2,355) Net cash flow generated from/(used in) operating activities (807,340) 3,303,771 (61,490) 782,593 (Carried Forward to next page)

9 Aitken Spence Hotel Holdings PLC

Statement of Cash Flows - Contd.

GROUP COMPANY For the twelve months ended 31st March 2021 2020 2021 2020 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Unaudited Audited Unaudited Audited Net cash flow generated from/(used in) operating activities (807,340) 3,303,771 (61,490) 782,593 (brought forward from previous page)

Cash flow from investing activities Proceeds from debt securities - 13,333 - 13,333 Investment in equity (83,679) - (83,679) (437,339) Acquisition of property, plant and equipment (778,672) (3,255,080) (22,578) (84,356) Purchase of intangible assets - (98,652) - (2,382) Proceeds from sale of property, plant and equipment 17,055 5,344 626 3,720 Purchase of term deposits (533,928) (33,009) - - Interest received 91,295 153,304 15,113 53,913 Net cash flow used in investing activities (1,287,929) (3,214,760) (90,518) (453,111) Cash flow from financing activities Proceeds from interest bearing liabilities - banks 296,787 1,941,023 249,274 127,261 Repayment of interest bearing liabilities - banks (435,609) (1,561,981) (224,274) (66,600) Repayment of interest bearing liabilities - leases (260,971) (1,219,741) - - Dividends paid (14,850) (351,140) (14,850) (351,140) Dividend paid to shareholders of non-controlling interest - (245,509) - - Net cash flow generated from/(used in) financing activities (414,643) (1,437,348) 10,150 (290,479) Net decrease in cash and cash equivalents (2,509,912) (1,348,337) (141,858) 39,003 Cash and cash equivalents at the beginning of the year (19,617) 1,043,809 478,155 426,558 adjusted for effect of exchange rate change (97,564) 284,911 31,442 12,594 Cash and cash equivalents at the end of the year (2,627,093) (19,617) 367,739 478,155 Analysis of cash & cash equivalents at the end of the year Cash at bank and in hand and short term deposits 2,105,560 2,473,266 474,920 502,765 Bank overdrafts (4,732,653) (2,492,883) (107,181) (24,610) (2,627,093) (19,617) 367,739 478,155

10 Aitken Spence Hotel Holdings PLC

Notes to Interim Financial Statements

1 Segmental Results

1.1 Revenue Group External Intra Group Total Total For the twelve months ended 31st March 2021 2020 Rs.’ 000 Rs.’ 000 Rs.’ 000 Rs.’ 000 Sri Lankan Sector and Hotels 710,939 7,074 718,013 4,725,932 Others 9,945 122,027 131,972 543,963 Total Sri Lankan Sector 720,884 129,101 849,985 5,269,895 South Asian and Sector 5,007,495 17,538 5,025,033 14,410,644 5,728,379 146,639 5,875,018 19,680,539 Intra Group (146,639) (661,298) Total 5,728,379 19,019,241

1.2 Profit/(Loss) before taxation Group For the twelve months ended 31st March 2021 2020 Rs.’ 000 Rs.’ 000 Sri Lankan Sector Resorts and Hotels (1,955,863) (190,899) Others (155,562) 166,612 (2,111,425) (24,287) Share of loss of equity accounted investees (378,861) (322,036) Total Sri Lankan Sector (2,490,286) (346,323) South Asian and Middle East Sector (5,116,334) (86,700) Total (7,606,620) (433,023)

1.3 Total Assets Group For the twelve months ended 31st March 2021 2020 Rs.’ 000 Rs.’ 000 Sri Lankan Sector Resorts and Hotels 18,859,802 21,059,999 Others 846,092 361,135 19,705,894 21,421,134 Share of equity accounted investees 631,527 910,478 Total Sri Lankan Sector 20,337,421 22,331,612 South Asian and Middle East Sector 53,830,816 52,018,422 Total 74,168,237 74,350,034

11 Aitken Spence Hotel Holdings PLC

Notes to 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 on 26th March 2021 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 As at reporting date there were no significant differences in the comparison made between fair value and carrying value of financial assets and liabilities, from what was disclosed in the annual report for the year ending 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 There were no material events subsequant to the end of the year which require disclosures in the interim financial statements.

6 Seasonality of operations Six months of the period under review relates to the off season of the industry both in and Overseas, the Group operates.

7 Contingencies, capital and other commitments The contingent liability as at 31st March 2021 on guarantees given by Aitken Spence Hotel Holdings PLC to third parties on facilities obtained by subsidiaries amounted to Rs. 13,838,049,081/- (as at 31.03.2020 - Rs.16,641,883,826/-). Liability as at 31st March 2021 on guarantees given by subsidiaries to third parties amounted to Rs. 11,087,248,986/- (as at 31.03.2020 - 4,107,592,200/-).

8 Assets classified as held for sale The carrying value of the leasehold rights of Raafushi Island was classified under “Assets held for sale” consequent to the decision made by Ace Resorts (Pvt) Ltd., to dispose its lease.

9 There was no liability to management fees or any other similar expenditure not provided for in the interim financial statements.

12 Aitken Spence Hotel Holdings PLC

Investor Information

1 Share Information 31.03.2021 31.03.2020 Market Price per Share - Highest (Rs.) 37.00 27.70 - Lowest (Rs.) 25.50 15.00 - Last Traded Price (Rs.) 31.20 15.00 - Closing Price (Rs.) 30.20 15.10

Number of shares represented by the stated capital 31.03.2021 31.03.2020

- 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 March 2021 was 25.41%. Number of public shareholders as at 31st March 2021 was 3,625.

3 The float adjusted market capitalisation as at 31st March 2021 was Rs. 2,580,178,495/- 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 Shares held by the Directors are as follows:

Name of the Director Position No of Shares No of Shares 31.03.2021 31.03.2020 Deshamanya D.H.S Jayawardena Chairman - - Dr. M.P Dissanayake Managing Director - - Miss. 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 March 2021

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% 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% Mr. K. Balendra 1,992,622 0.59% 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% Rubber Investement Trust Ltd A/C No. 01 826,548 0.25% 309,968,134 92.17%

14 Aitken Spence Hotel Holdings PLC

Corporate Information as at 31.03.2021

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 System (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

15