Directive on cancellation of trades by Adam Investments PLC of PC Pharma PLC

SEC SECURITIES AND EXCHANGE
COMMISSION OF SRI LANKA

By Hand

11th August 2014

Ref: SEC/LEG/14/08/11

To: The Colombo Stock Exchange

Directive issued under Section 13 (c) in terms of 13 (h) of the Securities and Exchange Commission of Sri Lanka Act No. 36 of 1987 (as amended)

The Securities and Exchange Commission of Sri Lanka (SEC) having considered the circumstances surrounding the divestiture of the entire stake of 31% of PC Pharma PLC by Adam Investments PLC on 7th August 2014, whilst a mandatory offer was pending by Adam Investments PLC for the purchase of the shares outstanding of PC Pharma PLC; decided to cancel the said trade for the protection of investors.

Therefore the Commission hereby directs the Colombo Stock Exchange;

To cancel the sale by Adam Investments PLC of the said shares of PC Pharma PLC that took place on 7th August 2014 with immediate effect and to take all ancillary and incidental steps to preserve the status quo ante.

[Signature]

Dhammika Perera

Officer-in-Charge/ Deputy Director General AA/SW

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