Statement of Directors in Relation to their Responsibility for the Preparation of Financial Statements

The Directors' responsibilities concerning the Financial Statements of Sri Lanka Telecom PLC (SLT), the Consolidated Financial Statements of SLT, and its Subsidiaries (Group) are outlined in this statement.

In accordance with Sections 150(1), 151, 152, and 153(1) and (2) of the Companies Act No. 07 of 2007, the Directors of SLT are responsible for ensuring that the Group and SLT maintain proper accounting records of all transactions and prepare Financial Statements that provide a true and fair view of the financial position of SLT and the Group at the end of each financial year. These statements must be presented at the Annual General Meeting.

The Financial Statements include the Statement of Financial Position as of 31 December 2025, the Statement of Comprehensive Income, the Statement of Changes in Equity, the Statement of Cash Flows for the year ended 31 December 2025, and the accompanying Notes.

Accordingly, the Directors confirm that the Financial Statements of SLT and the Group present a true and fair view of:

• The financial position of SLT and the Group as of the reporting date; and
• The financial performance of SLT and the Group for the financial year ending on the reporting date.

Pursuant to Sections 150(1)(b) and Section 152(1)(b) of the Companies Act, the Financial Statements of SLT and the Group have been certified by the Chief Financial Officer, the officer responsible for the preparation of the Financial Statements. Furthermore, as required by Sections 150(1)(c) and 152(1)(c) of the Companies Act and other regulatory requirements, the Financial Statements have been signed by two Directors of SLT on 14 May 2026.

Under Section 148(1) of the Companies Act, the Directors are also responsible for ensuring the maintenance of proper accounting records that accurately record and explain SLT’s transactions, facilitating an effective audit of the Financial Statements. To fulfill this responsibility, the Directors have taken reasonable steps to ensure SLT and the Group maintain accurate books of accounts and have implemented a financial reporting review system overseen by the Board Audit Committee.

The Board of Directors also approves the Interim Financial Statements before their release to the Colombo Stock Exchange, following a review and recommendation by the Board Audit Committee. The Directors confirm that the Financial Statements for the year 2025, as presented in this Annual Report, comply with the following:

• Appropriate accounting policies have been selected and consistently applied, with any material departures disclosed and explained.
• All applicable accounting standards have been adhered to.
• Judgments and estimates made are reasonable and prudent.

Furthermore, the Directors confirm that the underlying books of accounts conform to the requirements of the Sri Lanka Accounting Standards, the Companies Act No. 07 of 2007, the Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995, the Listing Rules of the Colombo Stock Exchange, and the Code of Best Practice on Corporate Governance jointly issued by The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Securities and Exchange Commission of Sri Lanka (SEC).

The Directors have also taken reasonable measures to safeguard SLT’s and the Group’s assets and to prevent and detect fraud and other irregularities. To this end, an effective and comprehensive system of internal controls, including an internal audit function directly reporting to the Audit Committee, has been established.

The Directors believe that the Company has sufficient resources to continue its operations and have therefore applied the going concern basis in preparing these Financial Statements.

The Directors confirm that, to the best of their knowledge, all contributions, taxes, duties, and levies payable by SLT and its subsidiaries, as well as all contributions, levies, and taxes payable on behalf of and in respect of employees of SLT and its subsidiaries, and all other known statutory dues due as of the reporting date, have been either paid or, where applicable, provided for.

By order of the Board of Sri Lanka Telecom PLC



Mahesh Athukorale
Group Company Secretary

14 May 2026