Divestment of Asia Energy Management Systems Inc (AEMS) Shareholding and Resignation of Directors

4th November 2014

It is hereby disclosed that Messrs. Asia Energy Management Systems Inc (AEMS) has disposed their entire shareholding of 160 million shares in Vallibel Power Erathna PLC on November 04, 2014.

Subsequently, Mr. Daryl S. Clerk and Mr. Sunil E. De Silva who were the members of the Board of Directors of Vallibel Power Erathna PLC representing AEMS resigned w.e.f. November 15, 2014 from its Board. Mr. Clerk and Mr. Silva served as Non Executive Directors in the Board of the Company from 2010.