| (a) |
The investment in the subsidiary company consists of 2,500,000
ordinary shares, representing a 100% holding in the issued share
capital of Sri Lanka Telecom (Services) Limited. |
| (b) |
The short term loan of Rs. 138 million provided to Mobitel
(Private) Limited was converted to ordinary shares and another
allotment of share capital of Rs. 500 million comprising 50
million ordinary shares were made to Sri Lanka Telecom Limited
on 28 August 2003. |
| (c) |
The investment in others represents unlisted investments in
Intelsat Limited. |
