The Board of Directors of Trade Finance and Investments PLC (PB 445 PQ) (the “Amalgamating Company”) and Commercial Credit and Finance PLC (PB 269 PQ) have resolved that an amalgamation will be effected whereby the Amalgamating Company will be amalgamated with Commercial Credit and Finance PLC into one single legal entity in terms of Section 239 of the Companies Act No. 7 of 2007, with Commercial Credit and Finance PLC surviving as the amalgamated company.

The amalgamation is subject to the shareholders of all the companies approving the said amalgamation at an extraordinary general meeting to be held on 9th November 2020 in accordance with Section 241 of the Companies Act No. 7 of 2007.

The Amalgamation Proposal is being placed before the shareholders for approval and, if so approved, will take effect as at 31st December 2020 or such other later date as may be specified by the Registrar General of Companies.

Copies of the Amalgamation Proposal will be available for inspection by any shareholder, secured creditor or the public at Commercial Credit and Finance PLC, No 165, Kynsey Road, Colombo 08 during normal business hours and a copy of the Amalgamation Proposal may be obtained free of charge upon request.

By order of the Board.

Company Secretary

Trade Finance and Investments PLC

Company Secretary

Commercial Credit and Finance PLC