Sri Lanka_ Removal Of Asian Hotels Corp Ltd. from Index Coverage and Addition Of Asian Hotels & Properties Ltd (eff. 04/01/2004)

Effective April 1, 2004, S&P/EMDB will remove Asian Hotels Corp Ltd. (EMDB Code 524200.1 / SEDOL 6056858), a constituent of the S&P/IFCG Sri Lanka Indices, from index coverage, following its merger with Crescat Developments, an unlisted company. Simultaneously, the newly formed entity, Asian Hotels & Properties Ltd will be added to EMDB index coverage. The shares outstanding and crossholding factor for Asian Hotels & Properties will be 221.3876 million and 0.1610 respectively.