National Ratings by Fitch Ratings (Lanka) Ltd. As at 1 July 2014

National Rating National Rating

Long-term Rating Outlook Long-term Rating Outlook

Banks

1 AAA(lka) Stable

2 AAA(lka) Stable

3 AAA(lka) Stable

4 AAA(lka) Stable

5 AA+(lka) Stable

AA(lka)

6 AA+(lka) Stable

7 AA(lka) Stable

AA-(lka)

8 Affirmed AA-(lka) Stable AA-(lka) Stable

Affirmed AA-(lka) AA-(lka)

DFCC Bank- Senior Unsecured Debt Assigned AA-(lka)(EXP)

Affirmed A+(lka) A+(lka)

9 Affirmed AA-(lka) Stable AA-(lka) Stable

Affirmed A+(lka) A+(lka)

10 AA-(lka) Stable

AA-(lka)

A+(lka)

11 Affirmed AA-(lka) Stable AA-(lka) Stable

National Development Bank PLC-Subordinated Debt Affirmed A+(lka) A+(lka)

12 AA-(lka) Stable

A+(lka)

13 A(lka) Stable

A-(lka)

14 A-(lka) Stable

A-(lka)

BBB+(lka)

15 BBB+(lka) Stable

16 Affirmed and

WithdrawnBBB(lka) Stable BBB(lka) Stable

Withdrawn

17 Affirmed BBB(lka) Stable BBB(lka) Stable

Affirmed BBB-(lka) BBB-(lka)

18 Affirmed BB+(lka) Stable BB+(lka) Stable

19 BB(lka) Stable

Leasing and Finance Companies

1 AA-(lka) Stable

AA-(lka)

F1+(lka)

2 A+(lka) Stable

A+(lka)

A+(lka)

A(lka)

3 A+(lka) Stable

4 A(lka) Stable

A(lka)

5 BBB+(lka) Stable

BBB+(lka)

BBB(lka)

6 BBB(lka) Stable

BBB(lka)7 BBB(lka) Rating Watch

Positive

BBB-(lka)

8 Affirmed BB+(lka) Stable BB+(lka) Stable9 BB-(lka) Stable

1 Dialog Axiata PLC AAA(lka) Stable

2 Distilleries Company of Sri Lanka PLC AAA(lka) Stable

3 John Keells Holdings PLC AAA(lka) Stable

4 Sri Lanka Telecom PLC AAA(lka) Stable

5 AA-(lka) Stable

AA-(lka)

6 Hemas Holdings PLC- Senior Unsecured Debt A+(lka)

7 A-(lka) Stable

A-(lka)

Singer (Sri Lanka) PLC- Commercial Paper (Short Term Rating) F2(lka)

8 Abans (Pvt) Limited A-(lka) Negative

Abans (Pvt) Limited- Senior Unsecured Debt A-(lka)

Abans (Pvt) Limited-Commercial Paper (Short Term Rating) F2(lka)

9 BBB+(lka) Stable

BBB+(lka)

10 DSI Holdings Limited BBB(lka) Stable

11 Ceylon Income Fund Affirmed A-(lka)/V-NR(lka) A-(lka)

12 Ceylon Gilt-Edged Fund Affirmed AAA(lka)/V1(lka) AAA(lka)/V1(lka)

13 AA(lka) Stable

14 HNB Assurance PLC A(lka) Stable

15 BBB+(lka) Stable

International Ratings by Fitch Ratings as at 1 July 2014

International Rating International Rating

Rating Outlook Rating Outlook

Sovereign

BB- Stable

BB- Stable

B

USD Denominated Global Bonds - IDR BB-(EXP)

Banks

1

BB- Stable

BB- Stable

BB-

2 National Savings Bank

Long Term Foreign Currency IDR BB- Stable

Long Term Local Currency IDR BB- Stable

Senior Unsecured USD-denominated notes BB-

3 National Development Bank PLC

Long Term Foreign Currency IDR Affirmed B+ Stable B+ Stable

Long Term Local Currency IDR Affirmed B+ Stable B+ Stable

Short Term Foreign Currency IDR Affirmed B B

Senior Unsecured USD-denominated notes Withdrwan B+(EXP)

4 DFCC Bank

Long Term Foreign Currency IDR Affirmed B+ Stable B+ Stable

Long Term Local Currency IDR Affirmed B+ Stable B+ Stable

Short Term Foreign Currency IDR Affirmed B B

Senior Unsecured USD-denominated notes Affirmed B+ B+

Leasing and Finance Companies

People's Leasing and Finance Company PLC

B+ Stable

B+ Stable

Corporates

Sri Lanka Telecom PLC

Long Term Foreign Currency IDR BB- Stable

Long Term Local Currency IDR BB- Stable

SriLankan Airlines Limited

US dollar denominated government guaranteed bonds Assigned BB-(EXP)

Insurance (Insurer Financial Strength)

Sri Lanka Insurance Corporation BB- Stable

Asian Alliance Insurance B Stable

Please visit www.fitchratings.lk or www.fitchratings.com for further details on definitions, reports and press releases.

Fitch Ratings Lanka Ltd

#15-04 East Tower, World Trade Centre, Colombo 1

Tel: +94 11 2541900 Fax: + 94 11 2541903

Singer (Sri Lanka) PLC- Senior Unsecured Debt

Siyapatha Finance Limited-Senior Unsecured Debt

Lion Brewery (Ceylon) PLC

Lion Brewery (Ceylon) PLC-Senior Unsecured Debt

People's Leasing and Finance Company PLC- Senior Unsecured Debt

Central Finance Company PLC-Subordinated Debt

People's Merchant Finance PLC

Senkadagala Finance Company PLC- Senior Unsecured Debt

MCSL Financial Services Ltd-Subordinated Debt

People's Leasing and Finance Company PLC- Commercial Paper (Short Term Rating)

Sanasa Development Bank Limited

Central Finance Company PLC-Senior Unsecured Debt

Singer Finance (Lanka) PLC

Bank of Ceylon

People's Leasing and Finance Company PLC

Central Finance Company PLC-Senior Secured Debt

Long Term Foreign Currency IDR

Insurance (Insurer Financial Strength)

Senkadagala Finance Company PLC- Subordinated Debt

MCSL Financial Services Ltd

Corporates

Melsta Regal Finance Ltd

Rating Actions in

June 2014

HSBC, Sri Lanka Branch

Commercial Bank of Ceylon PLC-Subordinated Debt

Union Bank of Colombo PLC

Ratings are issued based on the information obtained directly from the entities and other sources that Fitch Ratings believes to be reliable. Fitch Ratings does not audit such information.

Long Term Local Currency IDR

Citibank N.A. - Colombo Branch

DFCC Vardhana Bank PLC

Commercial Bank of Ceylon PLC

DFCC Bank

Housing Development Finance Corporation Bank

Seylan Bank PLC-Senior Unsecured Debt

Pan Asia Banking Corporation PLC

Senkadagala Finance Company PLC

Previous Rating Current rating

Pradeshiya Sanwardhana Bank

Rating Actions in

June 2014

Singer Finance (Lanka) PLC-Senior Unsecured Debt

Long Term Foreign Currency IDR

Short Term Foreign Currency IDR

Central Finance Company PLC

Pan Asia Banking Corporation PLC- Subordinated Debt

Siyapatha Finance Limited

Peoples Bank

National Savings Bank

Bank of Ceylon -Subordinated Debt

Standard Chartered Bank, Sri Lanka Branch

Seylan Bank PLC

DFCC Bank- Subordinated Debt

Hatton National Bank PLC-Subordinated Debt

Seylan Bank PLC-Subordinated Debt

National Development Bank PLC

DFCC Vardhana Bank PLC- Subordinated Debt

Nations Trust Bank PLC-Subordinated Debt

Sampath Bank PLC

Sampath Bank PLC-Subordinated Debt

Hatton National Bank PLC-Senior Unsecured Debt

DFCC Bank- Senior Unsecured Debt

Previous Rating Current rating

Bank of Ceylon

Hatton National Bank PLC

Softlogic Holdings PLC-Senior Unsecured Debt

Sri Lanka Sovereign

Asian Alliance Insurance

Long Term Local Currency IDR

Long Term Foreign Currency IDR

Nations Trust Bank PLC

AMW Capital Leasing and Finance PLC

Singer (Sri Lanka) PLC

Mutual Funds

Senior Unsecured USD-denominated notes

Sri Lanka Insurance Corporation

National ratings are distinct from International ratings and are denoted by a unique country suffix (such as (lka) in the case of Sri Lanka National ratings). The main purpose of a national rating is to provide a relative indication of credit

worthiness within the country concerned.

Long Term Local Currency IDR

Softlogic Holdings PLC