interim financial statements 30th september 2021

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LANKA REALTY INVESTMENTS PLC INTERIM FINANCIAL STATEMENTS 30TH SEPTEMBER 2021

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LANKA REALTY INVESTMENTS PLCINTERIM FINANCIAL STATEMENTS

30TH SEPTEMBER 2021

Contents Page

01 Review of Consolidated Accounts 01

02 Statement of Comprehensive Income 02 - 03

03 Statement of Financial Position 04

04 Statement of Changes in Equity 05

05 Statement of Cash Flows 06

06 Notes to the Interim Financial Statements 07 - 09

07 Corporate Information 10

LANKA REALTY INVESTMENTS PLC

Interim Financial Statements

Balance Sheet Analysis

Total Assets

Total Shareholders’ Funds (Net Assets)

Net Asset Value per Share (NAVPS)

Loan to Value (LTV)

P&L Analysis

Revenue | Expenses | Operational Profit

Profit/Loss after Tax

Earnings per Share (EPS)

Lanka Realty Investments PLC Review of Consolidated Accounts

Period Ended 30th September 2021

Total Assets have largerly remained unchanged at LKR 15,437.8 (1% increase QoQ) compared with LKR

15,275.4 m as at end March 2021. Total Non Current Assets were LKR 12,950.6 m (0.6% increase QoQ) and Total

Current Assets were LKR 2,487.2 m (4% increase QoQ) as at end September 2021. The marginal increase in

Current Assets was primarily due to the increase in inventories of the Group.

Total Shareholders Funds decreased by 2% from LKR 8,472.2 m as at end March 2021 to LKR 8,313.5 m as at

end September 2021.

The NAVPS was LKR 39.33 as at end September 2021 compared with the LKR 40.08 per share recorded for the

financial year ended March 2021.

The LTV recorded for the quarter ended September 2021 was 27.2%. This was a marginal increase compared

with the 25.7% recorded for the financial year ended March 2021.

Overall consolidated revenue increased by 358% to LKR 173.3 m for the quarter ended 30th September 2021

compared with LKR 37.8 m in the corresponding quarter the previous year. This increase was primarily due to

the increased contributions due to the increase in sales at the Mulberry residential apartments, increase in

rental income from HQ Colombo due to signing up new tenants and the consolidation of income due to the

acquisition of Unity Plaza in December 2020. As a result of the above, the corresponding direct expenses

demonstrated an increased by 254% to record LKR 118.4 m for the quarter ended 30th September 2021

compared with LKR 18.8 m in the comparable period in the previous year.

The operational profit recorded for the quarter was LKR 6.1 m compared with the operational loss of LKR

(47.0) m recorded in September 2020 quarter. The increase in operational profit was as a result of the relative

increase in overall revenue and the maintenance of overall margins.

The Group incurred a loss of LKR 59.1 m for the September 2021 quarter compared with the loss of LKR 84.9 m

reported in the corresponding quarter of the previous year.

The EPS was LKR (0.28) per share for the quarter ended 30th September 2021, compared with LKR (0.40) per

share in the corresponding period of the previous year.

Page 1

LANKA REALTY INVESTMENTS PLC

STATEMENT OF COMPREHENSIVE INCOMEFor the Six Months Ended 30th September 2021

30-09-2021 30-09-2020 30-09-2021 30-09-2020

LKR 000 LKR 000 LKR 000 LKR 000

Revenue 4 308,574 58,643 426% 39,131 40,879 -4%

Direct Expenses (207,489) (51,353) 304% - - -

Gross Profit 101,085 7,291 1286% 39,131 40,879 -4%

Other Operating Income 8,617 186 4533% - 67 -100%

Administration Expenses (79,869) (94,191) -15% (5,440) (15,740) -65%

Distribution Cost (17,662) (5,947) 197% - - -

Other Operating Expense (4,336) (5,689) -24% (4) (24) -84%

Operating Profit/Loss 7,835 (98,350) 108% 33,687 25,182 34%

Finance Expense (141,937) (117,336) 21% (59,394) (38,181) 56%

Finance Income 23,088 33,070 -30% 268 29,869 -99%

Change in fair value of Investment Properties - - - - - -

Profit/(Loss) before tax (111,015) (182,617) -39% (25,438) 16,870 -251%

Tax (expense)/reversal (19,308) 156 12477% - - -

Profit/(Loss) for the period (130,323) (182,460) -29% (25,438) 16,870 -251%

Other Comprehensive Income

Gain/(loss) on post employment benefit obligations - - - - - -

Gain/(loss) on property revaluation - - - - - -

Tax Effect on other comprehensive Income - - -

Other comprehensive income for the year, net of tax - - - - - -

Total comprehensive income for the year, net of tax (130,323) (182,460) -29% (25,438) 16,870 -251%

Profit/(Loss) Attributable to :

Equity holders of the parent company (158,760) (180,101) -12% - - -

Non-Controlling Interest 28,436 (2,359) 1305% - - -

(130,323) (182,460) -29% - - -

Total Comprehensive Income Attributable to:

Equity holders of the parent company (158,760) (180,101) -12% - - -

Non-controlling interest 28,436 (2,359) 1305% - - -

(130,323) (182,460) -29% - - -

Diluted Earnings / (Loss) Per Share - LKR (0.62) (0.86) (0.12) 0.08

Figures in brackets indicate deductions.

Change %Change

%

Notes

GROUP COMPANY

Page 2

LANKA REALTY INVESTMENTS PLC

STATEMENT OF COMPREHENSIVE INCOMEFor the Quarter Ended 30th September 2021

30-09-2021 30-09-2020 30-09-2021 30-09-2020

LKR 000 LKR 000 LKR 000 LKR 000

Revenue 173,291 37,839 358% 19,909 22,699 -12%

Direct Expenses (118,442) (33,503) 254% - - -

Gross Profit 54,849 4,336 1165% 19,909 22,699 -12%

Other Operating Income 5,063 96 5174% - 41 -100%

Administration Expenses (40,519) (43,795) -7% (3,072) (3,344) -8%

Distribution Cost (10,962) (4,443) 147% - - -

Other Operating Expense (2,307) (3,170) -27% (11) (7) 60%

Operating Profit/Loss 6,124 (46,976) -113% 16,826 19,389 -13%

Finance Expense (66,789) (56,708) 18% (26,617) (19,989) 33%

Finance Income 11,961 18,719 -36% 126 17,341 -99%

Change in fair value of Investment Properties - - - - - -

Profit/(Loss) before tax (48,704) (84,965) -43% (9,665) 16,742 -158%

Tax (expense)/reversal (10,432) 78 -13474% - - -

Profit/(Loss) for the period (59,136) (84,887) -30% (9,665) 16,742 -158%

Other Comprehensive Income

Gain/(loss) on post employment benefit obligations - - - - - -

Gain/(loss) on property revaluation - - - - - -

Tax Effect on other comprehensive Income - - -

Other comprehensive income for the year, net of tax - - - - - -

Total comprehensive income for the year, net of tax (59,136) (84,887) -30% (9,665) 16,742 -158%

Profit/(Loss) Attributable to :

Equity holders of the parent company (74,297) (84,114) -12% - - -

Non-Controlling Interest 15,161 (773) 2061% - - -

(59,136) (84,887) -30% - -

Total Comprehensive Income Attributable to:

Equity holders of the parent company (74,297) (84,114) -12% - - -

Non-controlling interest 15,161 (773) 2061% - - -

(59,136) (84,887) -30% - - -

Diluted Earnings / (Loss) Per Share - LKR (0.28) (0.40) (0.05) 0.08

Figures in brackets indicate deductions.

Notes

GROUP COMPANY

Change

%

Change

%

Page 3

LANKA REALTY INVESTMENTS PLC

STATEMENT OF FINANCIAL POSITIONAs at 30th September 2021

30-09-2021 31-03-2021 30-09-2021 31-03-2021

LKR 000 LKR 000 LKR 000 LKR 000

ASSETS

Non-current assets

Property, plant and equipment 2,415,686 2,410,568 - 26 41 -37%

Intangible Assets 338,193 338,377 - 1,944 2,063 -6%

Investment property 10,187,964 10,115,764 1% - - -

Investment in subsidiaries - - - 8,139,815 8,139,815 -

Other non-current assets 8,037 8,037 - - - -

Deferred tax assets 725 725 - 725 725 -

Total Non-Current Assets 12,950,605 12,873,472 - 8,142,509 8,142,644 -

Current Assets

Inventories 1,559,211 1,493,790 4% - - -

Trade and other receivable 63,004 69,368 -9% 1,887 284 565%

Amount due from related parties 4,670 4,195 11% 825,764 856,902 -4%

Financial assets-fair value through profit or loss 133 137 -3% 133 137 -3%

Other current assets 77,370 38,177 103% 825 903 -9%

Short-term investments 45,167 55,266 -18% - - -

Cash in hand and at bank 737,648 740,977 - 34,611 20,864 66%

Total Current Assets 2,487,202 2,401,909 4% 863,220 879,090 -2%

Total Assets 15,437,807 15,275,381 1% 9,005,730 9,021,733 -

EQUITY AND LIABILITIES

Equity

Stated capital 7,048,663 7,048,663 - 7,048,663 7,048,663 -

Other components of equity 23,100 23,100 - 23,100 23,100 -

Revaluation Reserve 246,482 246,482 - - - -

Retained earnings 995,229 1,153,989 -14% 255,863 281,301 -9%

8,313,474 8,472,234 -2% 7,327,625 7,353,064 -

Non-Controlling Interest 1,228,739 1,200,302 2% - -

Total Equity 9,542,212 9,672,537 -1% 7,327,625 7,353,064 -

Non-Current Liabilities

Interest bearing borrowings 2,800,138 1,717,944 63% 70,000 75,000 -7%

Employee benefit liabilities 18,201 17,079 7% - - -

Deferred tax liabilities 1,149,005 1,149,449 - - - -

Amount due to related parties 33,624 29,863 13% 33,624 29,863 13%

Other non current liabilities 91,487 51,479 78% - - -

Total Non-Current Liabilities 4,092,456 2,965,816 38% 103,624 104,863 -1%

Current Liabilities

Trade and other payables 106,314 127,460 -17% 4,106 638 544%

Current portion of Interest bearing borrowings 1,123,772 1,982,883 -43% 615,000 1,392,630 -56%

Income Tax Payable 9,916 16,106 -38% - - -

Amount due to related parties 132,282 126,597 4% 940,502 159,592 489%

Bank Overdraft 282,076 228,194 24% 991 275 260%

Other current liabilities 148,778 155,789 -5% 13,882 10,672 30%

Total Current Liabilities 1,803,139 2,637,029 -32% 1,574,480 1,563,806 1%

Total Liabilities 5,895,594 5,602,844 5% 1,678,104 1,668,669 1%

Total Equity and Liabilities 15,437,807 15,275,381 1% 9,005,730 9,021,733 -

Net Book Value Per Share (LKR) 39.33 40.08 34.67 34.79

I certify that the above financial statements comply with the requirements of the Companies Act No. 07 of 2007.

(Sgd.) Y Jayasekara

Head of Finance & Planning

Signed for and on behalf of the Board by

(Sgd.) R M M J Ratnayake (Sgd.) M H Jamaldeen

Chairman Director

Colombo. October 28, 2021.

Notes

GROUP COMPANY

Change % Change %

Page 4

LANKA REALTY INVESTMENTS PLC

STATEMENT OF CHANGES IN EQUITY

For the Six Months Ended 30th September 2021

Stated

Capital

Capital

Redemption

Reserve

Revaluation

Reserve

Retained

EarningsTotal

LKR 000 LKR 000 LKR 000 LKR 000 LKR 000 LKR 000

Balance as at 01st April 2020 6,380,094 23,100 174,409 1,368,006 7,945,609 33,273

Share Issue During the Period 668,569 - - - 668,569 -

Barganing Profit On Purchase - - - - - -

Revaluation during the period - - - - - -

Profit/(Loss) for the period - - - (180,101) (180,101) (2,359)

Other Comprehensive income for the period

Revaluation of Land and Building - - - - - -

Re-measuremnt gain/(loss) on employee benefit liabilities - - - - - -

Income tax on other comprensive income - - - - - -

Balance as at 30th September 2020 7,048,663 23,100 174,409 1,187,903 8,434,076 30,915

Balance as at 01st April 2021 7,048,663 23,100 246,482 1,153,989 8,472,234 1,200,302

Share Issue During the period - - - - - -

Revaluation during the period - - - - - -

Profit/(Loss) for the period - - - (158,760) (158,760) 28,436 -

Other Comprehensive income for the period - - - -

Revaluation of Land and Building - - - - -

Re-measuremnt gain/(loss) on employee benefit liabilities - - - - - -

Income tax on other comprensive income - - - - - -

Balance as at 30th September 2021 7,048,663 23,100 246,482 995,229 8,313,474 1,228,739

Stated

Capital

Other

Components

of Equity

Revaluation

Reserve

Retained

EarningsTotal Equity

LKR 000 LKR 000 LKR 000 LKR 000 LKR 000

Balance as at 01st April 2020 6,380,094 23,100 - 277,121 6,680,315

Share Issue During Period 668,569 - - - 668,569

Profit/(Loss) for the period - - - 16,870 16,870

Balance as at 30th September 2020 7,048,663 23,100 - 293,991 7,365,755

Balance as at 01st April 2021 7,048,663 23,100 - 281,301 7,353,064

Share Issue During Period - - - - -

Profit/(Loss) for the period - - - (25,438) (25,438)

Balance as at 30th September 2021 7,048,663 23,100 - 255,863 7,327,625

Attributable to equity holders of the Parent

Minority

InterestGROUP

COMPANY

Page 5

LANKA REALTY INVESTMENTS PLC

STATEMENT OF CASH FLOWS For the Six Months Ended 30th September 2021

30-09-2021 30-09-2020 30-09-2021 30-09-2020

LKR 000 LKR 000 LKR 000 LKR 000

OPERATING ACTIVITIES

Cash Used in Operations (33,426) (58,714) 847,777 (145,094)

Interest Received 776 33,070 268 29,869

Interest Paid (126,248) (117,336) (55,605) (36,653)

Income Tax Paid (24,710) - - -

Gratuity Paid - - - -

Net Cash Generated from / (Used in) Operating Activities (183,607) (142,979) 792,440 (151,877)

INVESTING ACTIVITIES

Dividend Income 1 - 1 -

Acquiition of Property, Plant & Equipment (13,396) - - -

Acquiition of Intangible Assets (71) - - -

Investment in Investment properties (72,199) (54,111) - -

Net Cash Generated from / (Used in) Investing Activities (85,666) (54,111) - -

FINANCING ACTIVITIES

Net Proceeds from issue of shares - 668,569 - 668,569

Repayment of long term Lease (3,991) - - -

Borrowings from financial institution 1,029,781 - - -

Repayments of Borrowings from financial institution (823,829) 145,428 (779,410) 145,497

Net Cash Generated from / (Used in) Financing Activities 201,962 813,996 (779,410) 814,066

Increase / (Decrease) in Cash & Cash Equivalents (67,310) 616,906 13,030 662,188

Movement in Cash & Cash Equivalents

At the Beginning of the Period 568,049 (228,279) 20,589 9,820

Increase / (Decrease ) (67,310) 616,906 13,030 662,188

At the End of the Period 500,739 388,627 33,619 672,008

ANALYSIS OF CASH AND CASH EQUIVALENTS

Favorable balances

Cash in hand and at bank 737,648 39,777 34,611 26,190

Short term investments 45,167 646,546 - 646,546

Unfavorable balances -

Bank overdrafts (282,076) (297,696) (991) (728)

Total Cash and Cash Equivalents 500,739 388,627 33,619 672,008

GROUP COMPANY

Page 6

LANKA REALTY INVESTMENTS PLC

NOTES TO THE INTERIM CONDENSED FINANCIAL STATEMENTSFor the Six Months Ended 30th September 2021

1 Corporate Information

2 Basis of preparation and changes to the Group's accounting policies

3 New standards, interpretations and amendments thereof, adopted by the Group

There are no new standards or interpretations that were adopted after 31 March 2021.

4 SEGMENT RESULTS FOR THREE MONTHS ENDED 30TH SEPTEMBER 2021

Investment and

services

Manufacturing Commercial /

residential

property

Leisure Adjustments and

eliminations

Total

LKR 000 LKR 000 LKR 000 LKR 000 LKR 000 LKR 000

Revenue 39,131 59,207 232,039 17,328 (39,130) 308,574

Direct Expenses - (50,052) (130,727) (24,476) (2,234) (207,489)

Gross Profit 39,131 9,154 101,312 (7,148) (41,364) 101,085

Other Operating Income - - 6,465 2,152 - 8,617

Administration Expenses (5,440) (6,955) (43,937) (23,538) - (79,869)

Distribution Cost - (7,600) (9,241) (821) - (17,662)

Other Operating Expense (4) (1,218) (2,563) (551) - (4,336)

Operating Profit/Loss 33,687 (6,619) 52,036 (29,906) (41,364) 7,835

Finance Expense (59,394) (6,211) (92,927) (20,961) 37,556 (141,937)

Finance Income 268 - 22,820 - - 23,088

Net Finance Expenses (59,126) (6,211) (70,107) (20,961) 37,556 (118,850)

Change in fair value of Investment

Properties- - - - - -

Profit/(Loss) before tax (25,438) (12,830) (18,071) (50,867) (3,808) (111,015)

Tax (expense)/reversal - 133 (19,441) - - (19,308)

Profit/(Loss) for the period (25,438) (12,697) (37,513) (50,867) (3,808) (130,322)

5 INVESTMENT PROPERTY

Amount

LKR

Lanka Realty Developments (Pvt) Ltd 2,337,082,221

Baseline Holdings (Pvt) Ltd 2,348,701,661

Oak Street (Pvt) Ltd 3,535,257,548

Crown Resort (Pvt) Ltd 490,015,301

On'ally Holdings PLC 2,264,642,928

Total 10,975,699,658

6 INVESTOR INFORMATION

Market Value of Shares

30.09.2021 30.09.2020 30.09.2021 30.09.2020

LKR LKR LKR LKR

Closing Price 30.00 40.00 30.00 36.50

Highest Price 37.90 42.50 37.90 40.00

Lowest Price 29.80 33.20 29.80 29.90

Share Trading Information

30.09.2021 30.09.2020 30.09.2021 30.09.2020

No. of transactions 613 967 1,036 1,133

No.of shares traded 189,486 302,050 382,945 506,548

Value of shares traded (LKR) 6,250,933 11,341,777 13,415,538 19,181,601

Quarter ended Six Months ended

Lanka Realty Investments PLC is a public limited liability company listed on the Colombo Stock Exchange incorporated and domiciled in Sri Lanka. The registered office is situated at

1st Floor, HQ Colombo, 464/A, T.B. Jayah Mawatha, Colombo 10, Sri Lanka.

The interim condensed consolidated financial statements for the quarter ended 30th September 2021 which have not been audited are prepared in accordance with LKAS 34 Interim

Financial Reporting. The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements, and these

Interim Financial Statements have been prepared in accordance with the accounting policies set out in the Audited Financial Statements for the year ended 31.03.2021. The provisions of

the new Companies Act No. 7 of 2007 and the revised listing rules of the CSE have been considered in preparing the interim financial statements of the Company and the Group.

Quarter ended Six Months ended

The investment property value as at 30th September 2021

Page 7

LANKA REALTY INVESTMENTS PLC

NOTES TO THE FINANCIAL STATEMENTSFor the Six Months Ended 30th September 2021

7 STATED CAPITAL

Stated Capital is represented by the number of shares in issue as given below.

As at 30-09-2021 31-03-2021

Ordinary Shares 211,370,428 211,370,428

8 DISCLOSURES

8.1

8.2 Events after the Reporting Date

8.3 Where necessary, comparative figures have been re-classified to conform with the current period's presentation.

8.4 Related Party Transactions

For the Six Months Ended 30th September 2021

Transactions with related parties Company Group Company Group

LKR 000 LKR 000 LKR 000 LKR 000

Sale of goods and services/interest & dividend income 39,130 39,130 40,879 40,879

Net Short term loans given to/ (settle form) Subsidiaries (812,048) (812,048) 163,572 163,572

Accrued Interest to Related Parties 3,761 3,761 1,529 1,529

Director and Key Management personal remuneration 2,700 4,245 2,700 2,700

9 TWENTY MAJOR SHAREHOLDERS

No. No of Shares

1 NORTHERN TRUST COMPANY S/A IAN JOSEPH MCVEIGH 66,128,169 31.29

2 SEYLAN BANK PLC/M H JAMALDEEN 31,717,133 15.01

3 MR P. MORGAN 28,729,496 13.59

4 EIGHTH WONDER 23,912,684 11.31

5 MR T.C. SMITH 22,355,190 10.58

6 MR A.J.B. WARMAN 11,110,235 5.26

7 MR S.G. RODEN 8,622,680 4.08

8 PRIMA LAND (PRIVATE) LIMITED 5,013,333 2.37

9 ANIMAL MAGIC PRODUCTION LTD 2,520,000 1.19

10 MRS E.S. KALBIAN 1,597,860 0.76

11 MR M.F. FAROOK 1,325,000 0.63

12 STERADIAN CAPITAL INVESTMENTS PRIVATE LIMITED 1,102,563 0.52

13 MR R.J. MCMULLEN 871,500 0.41

14 MR L.S. BOASE 738,832 0.35

15 MRS S.L. WARMAN 550,604 0.26

16 MR C.H. GREGSON 498,127 0.24

17 MR J.T.G. BUTLER 487,893 0.23

18 MRS M.E.J. COX 474,601 0.22

19 LB FINANCE PLC/BOSTON CAPITAL (PVT) LTD 473,291 0.22

20 BOSTON CAPITAL (PVT) LTD 426,975 0.20

208,656,166 98.72 OTHERS 2,714,262 1.28

TOTAL 211,370,428 100.00

9.1 The percentage of shares held by the public as at 30th September 2021 was 10.631%

The number of shareholders representing the public holding was 1,729

9.2 The float adjusted market capitalization as at 30th September 2021 was LKR 674,098,740.00

9.3

2021 2020

There are no significant changes in the nature of the contingent liabilities disclosed in the Audited Financial Statements for the

year ended 31st March 2021.

There were no material events occurring after the reporting date that require adjustments to or disclosure in the financial

statements.

Percentage %Name

The float adjusted market capitalization of the Company falls under Option 5 of Rule 7.13.1 (a) of the Listing Rules of the

Colombo Stock Exchange and the Company has not complied with the minimum public holding requirement applicable under

the said Option. The company is taking steps to address this matter.

Page 8

LANKA REALTY INVESTMENTS PLC

NOTES TO THE FINANCIAL STATEMENTSFor the Six Months Ended 30th September 2021

10 DIRECTORS SHAREHOLDING No of Shares

MR. MOHAN RATNAYAKE NIL

MR. TERENCE SMITH 22,355,190

MR. IAN MCVEIGH 66,128,169

MR. PIERS MORGAN 28,729,496

MR. HISHAM JAMALDEEN 31,717,133

MR. ARCHIE WARMAN 11,110,235

MR. SARAVANAN NEELAKANDAN NIL

MR. FIRDOUSE FAROOK 1,325,000

MR. JAYANTHA PRADEEP NIL

Page 9

Name of Company Company Secretaries

Lanka Realty Investments PLC PW Corporate Secretarial ( Pvt ) Ltd.

No. 3/17, Kynsey Road,

Legal Form Tel : 011 4640360

Fax : 011 4740588

E mail : [email protected]

Auditors

Ernst and Young

Date of Incorporation Chartered Accountants

11th December 1967 No. 201, De Saram Place

Colombo 10

Company Registration Number

PQ 139 Bankers

Pan Asia Banking Corporation PLC

Nature of the Business Nations Trust Bank PLC

Bank of Ceylon

Seylan Bank PLC

Commercial Bank of Ceylon PLC

Board of Directors Sampath Bank PLC

Mr. Ratnayake Mudiyanselage Mohan Joseph Rathnayake National Development Bank PLC

Mr. Terence Charles Smith People's Bank

Mr. Ian Joseph McVeigh Hatton National Bank

Mr. Piers Morgan

Mr. Mohamed Hisham Jamaldeen

Mr. Archie James Buckland Warman

Mr. Sarravanan Neelakandan

Mr. Mohamed Firdouse Farook

Mr. Kudagamage Jayantha Pradeep

Head office & Registered office

1st Floor,

HQ Colombo,

464/A,

T.B. Jayah Mawatha,

Colombo 10.

Subsidiary Companies

Amtrad Limited

Lanka Realty Developments (Pvt) Ltd

L & A Quarries (Pvt) Ltd

Lanka Realty Ambalangoda (Pvt) Ltd

Lanka Realty Leisure (Pvt) Ltd

ASCOT Yala (Pvt) Ltd

Alexandra Holdings (Pvt) Ltd

Mulberry Holdings (Pvt) Ltd

Baseline Holdings (Pvt) Ltd

285 Darley Road (Pvt) Ltd

Almond Trees (Pvt) Ltd

Thudella Holdings (Pvt) Ltd

On'ally Holdings PLC

Sub-Subsidiary Companies

Oak Street (Pvt) Ltd

Ilook Villa (Pvt) Ltd

Crown Resorts (Pvt) Ltd

LANKA REALTY INVESTMENTS PLC

CORPORATE INFORMATION

A Public Limited Liability Company incorporated in Sri lanka

under the Companies Ordinance No. 51 of 1938 (Cap 145),

(Registered under the Companies Act No. 07 of 2007) and listed

on the Colombo Stock Exchange.

A Holding company in the areas of Real Estate, Building

Construction Material and Leisure.

Page 10