INTERIM CONDENSED FINANCIAL STATEMENTS

1 LOLC GENERAL INSURANCE LTDINTERIM CONDENSED FINANCIAL STATEMENTSFOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021 LOLC General Insurance LtdInterim CONDENSED FINANCIAL StatementsFor the nine months ended 30 September 20211 Statement of FINANCIAL Position2 Statement of Profit or Loss3 Statement of Other Comprehensive Income4 Statement of Changes in Equity5 Statement of Cash Flows6 - 8 Notes to the INTERIM FINANCIAL Statements9 Valuation of FINANCIAL Assets and Liabilities10 11 Top 20 Shareholders Statement of Directors' Holding and Chief Executive Officer s holding in Shares of the Entity Page 2 of 10 LOLC General Insurance LtdInterim CONDENSED FINANCIAL StatementsStatement of FINANCIAL Position31-Dec-20As atNote30-Sep-2130-Sep-20Rs.'000Rs.'000Rs .'000 AuditedUn-auditedUn-auditedAssets25,812 Intangible assets20,757 27,476 57,490 Property and equipment88,002 55,179 213,932 Right-of-use assets205,024 165,616 - Investment in Associate89,550 - 6,784,607 Investment securities7,613,604 6,186,495 22,532 Deferred tax assets22,532 66,582 1,056,392 Reinsurance assets984,206 1,057,741 255,377 Reinsurance receivables276,927 231,098 172,420 Deferred acquisition costs 205,794 177,985 1,136,580 Premiums receivable 1,952,237 1,536,779 3.

2 137 Amounts due from related parties340 2,709 56,610 Other assets84,741 51,417 106,390 Cash and bank balances643,562 550,717 9,891,279 12,187,276 10,109,795 Liabilities and equityLiabilities4,995,773 Insurance contract liabilities - Non-Life insurance 6,145,112 5,229,921 - Long-term borrowings90,003 - 46,367 Retirement benefit obligations52,953 44,484 253,884 Lease liabilities263,202 198,129 555,941 Reinsurance creditors657,184 580,994 133,787 Deferred reinsurance commission income132,109 132,231 398,696 Income tax liability 559,743 337,896 35,989 Amounts due to related parties83,752 39,901 407,302 Other liabilities 503,596 502,946 - Bank overdraft- 184,843 6,827,739 Total liabilities8,487,654 7,251,345 Equity700,000 Stated capital (1,200,000,000 shares)800,000 700,000 73,397 Reserves(137,295) 188,584 2,290,143 Retained earnings3,036,917 1,969,865 3,063,540 Total equity3,699,622 2,858,449 9,891,279 Total liabilities & equity12,187,276 10,109,795 Net assets per share (Rs.)

3 Mrs. KotakadeniyaChief FINANCIAL Officer - LOLC GroupThe board of directors is responsible for the preparation and the fair presentation of these FINANCIAL and signed for and on behalf of the Board;..Mr. JayawardenaMr. W. R. A. DharmarathneChairmanDirector14th December 2021 Rajagiriya (Greater Colombo) I certify that these FINANCIAL STATEMENTS have been prepared and presented in compliance with the requirements of the Companies Act, of 2007. Page 3 of 10 LOLC General Insurance LtdInterim CONDENSED FINANCIAL StatementsStatement of Profit or LossNote30-Sep-2130-Sep-20 Variance30-Sep-2130-Sep-20 VarianceRs.'000Rs.'000%Rs.'000Rs.'000%Un -auditedUn-auditedUn-auditedUn-auditedNe t income1,584,068 1,294,752 22 4,398,412 3,768,174 17 Gross written premium7 2,054,177 1,781,278 15 5,655,743 4,823,577 17 Premiums ceded to reinsurers(309,930) (373,876) 17 (859,136) (1,010,831) 15 Net written premium1,744,247 1,407,402 24 4,796,607 3,812,746 (26) Net change in reserves for unearned premium(368,736) (295,144) (25) (976,023) (554,826) (76)

4 Net earned premium1,375,511 1,112, 24 3,820,584 3,257,920 17 Other RevenueInvestment income163,377 137,860 19 448,485 389,107 15 Fees and commission income42,709 42,835 (0) 122,930 116,532 5 Other income2,472 1,799 37 6,413 4,615 (39) Total other revenue208,558 182,494 14 577,828 510,254 (13) Net benefits and claimsNet insurance claims and benefits(584,138) (540,870) (8) (1,738,951) (1,317,736) (32) Underwriting and net acquisition costs(18,116) 34,443 153 (34,621) 74,553 146 Total net benefits and claims(602,255) (506,427) (19) (1,773,572) (1,243,183) (43) Other operating and administrative expenses(569,537) (461,704) 23 (1,578,808) (1,362,773) 16 Profit before tax412,277 326,622 (26) 1,046,032 1,162,218 (10) Income tax expense(98,946) (91,501) (8) (251,048) (325,468) 23 Profit after tax313,330 235,121 33 794,984 836,750 (5) Profit attributable to.

5 Equity holders of the company313,330 235,121 33 794,984 836,750 (5) Non-controlling interests- - - - 313,330 235,121 33 794,984 836,750 (5) For the nine months endedFor the three months endedPage 4 of 10 LOLC General Insurance LtdInterim CONDENSED FINANCIAL StatementsStatement of Other Comprehensive IncomeNote30-Sep-2130-Sep-20 Variance30-Sep-2130-Sep-20 VarianceRs.'000Rs.'000%Rs.'000Rs.'000%Un -auditedUn-auditedUn-auditedUn-auditedPr ofit after tax313,330 235,121 33 794,984 836,750 (5) Other comprehensive incomeNet other comprehensive income that are or may be reclassified to profit or loss in subsequent periods :Net change in fair value of available for sale FINANCIAL assets(185,535) (12,650) 1,367 (258,902) 103,426 (350) Fair value gains/(losses) recycled to the Income Statement on reclassification- - Changes in allowance for expected credit losses of debt instruments at FVOCI- Transfer (to)/from life policy holder reserve fund- Fair value gains/(losses) realised to the Income Statement on disposal- Related tax- - Net other comprehensive income to be reclassified to income statement in subsequent periods(185,535) (12,650) (1,367) (258,902) 103,426 350 Total other comprehensive income/ (expense) for the period, net of tax(185,535) (12,650) 1,367 (258,902)

6 103,426 350 Total comprehensive income for the period, net of tax127,795 222,470 (43) 536,082 940,176 (43) Total comprehensive income attributable to;Equity holders of the company127,795 222,470 (43) 536,082 940,176 (43) Non-controlling interests- - - - - - 127,795 222,470 (43) 536,082 940,176 (43) Earnings per shareBasic and earnings per 17 (17) Adjusted earnings per 33 (5) Figures in brackets indicate above figures are not auditedFor the three months endedFor the nine months endedPage 5 of 10 LOLC General Insurance LtdInterim CONDENSED FINANCIAL StatementsStatement of Changes in EquityCompany Stated Capital Available for Sale Reserve Retained Earnings Total Note Rs.

7 '000 Rs.'000 Rs.'000 Rs.'000 Balance as at 01 January 2020 700,000 85,159 1,133,115 1,918,274 Total comprehensive income for the periodProfit for the period - unaudited - - 836,750 836,750 Other comprehensive incomeOther comprehensive income that are or may be reclassified to profit or loss in subsequent periods;Net change in fair value of available for FINANCIAL assets - 103,426 - 103,426 Total other comprehensive income for the period - 103,426 - 103,426 Total comprehensive income for the period - 103,426 836,750 940,175 Balance as at 30 September 2020 700,000 188,584 1,969,865 2,858,449 Balance as at 01 January 2021 700,000 121,607 2,241,933 3,063,540 Shares issued 100,000 - - 100,000 Total comprehensive income for the periodProfit for the period - unaudited - - 794,984 794.

8 984 Other comprehensive incomeOther comprehensive income that are or may be reclassified to profit or loss in subsequent periods;Net change in fair value of available for FINANCIAL assets - (258,902) - (258,902)Total other comprehensive income for the period - (258,902) - (258,902)Total comprehensive income for the period - (258,902) 794,984 536,082 Balance as at 30 September 2021 800,000 (137,295) 3,036,917 3,699,622 Figures in brackets indicate above figures are not auditedEquity Attributable to the Owners of the CompanyPage 6 of 10 LOLC General Insurance LtdInterim CONDENSED FINANCIAL StatementsStatement of Cash Flows30-Sep-2130-Sep-20 Rs.' 000 Rs.' 000 Un-auditedUn-auditedCash Flow From Operating ActivitiesPremium received from policy holders 4,995,361 4,427,825 Reinsurance premiums (net of commission) paid(636,179) (539,177) Claims, benefits and expenses paid(1,730,984) (1,966,661) Reinsurance receipts in respect of claims and benefits215,675 686,489 Cash paid to and on behalf of employees(557,461) (434,527) Payments to brokers and agents(170,148) (150,291) Other operating cash payments(858,810) (889,582) Cash generated from operating activities 1,257,454 1,134,076 Income tax and ESC paid(90,000) (180,363) Net cash generated from operating activities 1,167,454 953,713 Cash flow from investing activitiesPurchase of liquid investments(1,066,497)

9 (1,380,747) Purchase of other investments(2,805,517) (1,147,519) Sale/maturity of liquid investments1,164,615 - Sale/maturity of other investments1,365,375 519,543 Investement in associate(89,550) - Interest received352,782 269,871 Purchase of intangible assets- (2,599) Purchase of property and equipment(56,489) (300) Net cash used in investing activities(1,135,281) (1,741,752) Cash flows from financing activitiesProceeds from issuing shares100,000 - Long-term borrowings89,550 - Operating lease liabilities paid(33,681) - Net cash flows from financing activities155,869 - Decrease in cash and cash equivalents188,042 (788,039) Cash and cash equivalents at the beginning of the year455,520 1,153,914 Cash and cash equivalents at the end of the year 643,562 365,875 Page 7 of 10 LOLC General Insuranc