Pricing of U.S. Dollar Senior Notes due 2017

Boc’s historic $ 500 m bond issue:

The Bank of Ceylon (“BoC”) has priced its offering of US $ 500 million Senior Notes due 2017 (the “Notes”). The Notes were priced at a yield of 6.875% and the offering was oversubscribed by 7.7 times with total orders received amounting to US $ 3.86 billion. BoC intends to use the proceeds for general corporate purposes. The Notes issuance is the debut international bond issuance by BoC. Issuer and Issue Ratings for the Notes are B1 and BB- by Moody's and Fitch, respectively, with a stable outlook.

Bank of America Merrill Lynch, Citi and HSBC are the Joint Lead Managers and Bookrunners. “The bond issuance represents a key milestone for the Bank of Ceylon as the leading innovator in accessing new pools of funding and underscores investor confidence in the Bank of Ceylon story. With this bond issuance, BoC has now accessed the global investor base,” said Chairman of BoC, Dr. Gamini Wickramasinghe.

BoC is the leading commercial bank in Sri Lanka in terms of total asset size and has the largest market share in loans and advances to customers and customer deposits. BoC was established in 1939 and is wholly owned by the government of Sri Lanka.