Singer Sri Lanka : RATING REVIEW

27th January 2022.

Mr. Renuka Wijeyewardhane,

Chief Regulatory Officer,

Colombo Stock Exchange,

04-01, West Block,

World Trade Centre,

Echelon Square,

Colombo 01.

Dear Sir,

SINGER (SRI LANKA) PLC - FITCH RATING

In terms of Section 8 of the Listing Rules, Singer (Sri Lanka) PLC wishes to advise the Colombo Stock Exchange that Fitch Ratings has announced the ratings on National Rating Scale Revision and revised the outlook on Singer (Sri Lanka) PLC as follows.

Singer (Sri Lanka) PLC

National Long-Term Rating revised to 'AA-(lka)' ); Outlook Negative, from 'AA(lka)'.

Thank you,

Yours faithfully,

SINGER (SRI LANKA) PLC

For HAYLEYS GROUP SERVICES (PVT) LTD

Secretaries