Softlogic announces to the Colombo Stock Exchange that the Board of Directors of Softlogic Capital PLC has resolved to effect a reduction of the stated capital of the Company.

• The reason for the reduction – To reduce the accumulated losses of the Company
• The proposed amount of the reduction of stated capital – LKR 618,464,000.00
• The current stated capital and the proposed stated capital subsequent to the reduction

Current stated capital – LKR 3,498,464,000.00

Proposed stated capital – LKR 2,880,000,000.00

• The number of shares in issue would not change and accordingly the 688,160,000 ordinary shares already in issue would remain unchanged consequent to the reduction.
• Reduction of the stated capital is subject to shareholder approval at a General Meeting by way of a Special Resolution.

An extract of the Board Resolution recommending a reduction of the stated capital of the Company is attached herewith. An Extraordinary General Meeting of the Company will be convened on the 6^th day of March 2015 in this regard.

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