John Keells Holdings PLC stated to the Colombo Stock Exchange that the Company has informed Fitch Ratings Lanka Limited (“Fitch”) that it wishes to terminate its Mandate with effect from 27 March 2015.

The Company believes that a local rating is not warranted at this juncture of time considering the Company’s current debt funding sources which are predominantly in foreign currency. However, if and when the need arises, the Company will consider obtaining an international credit rating.

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