The board of directors of National Development Bank PLC announced following: The retirement from service of Mr. Dimantha Seneviratne as the Chief Executive Officer of NDB at the end of his fixed team contract on 31 January 2024 and that by virtue thereof, that he will also ceased to be an Executive Directors of NDB with effect from 31 January 2024. Mr. Seneviratne will be leaving NDB after having completed seven years of service as intends to pursue a different focus in his post retiral phase; and that Mr. Kelum Edirisinghe will be appointed as the Chief Executive Officer designate of NDB with effect from 22 January 2024 and will take over duties as the Chief Executive Officer of NDB with effect from 1 February 2024 and as such, he will also be appointed as a executive director of NDB with effect from 1 February 2024. These appointments will be subject to the receipt of relevant regulatory approvals.