24 April 2000

Dear Customer

PERSONAL SECURED CREDIT

We are pleased to introduce a new packaged product which provides you the opportunity to have access to additional funds while your time deposits with HSBC continue to earn interest for you.

By signing up for a Personal Secured Credit Facility. you can obtain 90% or the total value of your rupee and/or foreign currency time deposits in the form or an overdraft through your Current Account.

To qualify, all you need is a current account at I-ISBC and a minimum time deposit of Rs.100,000/- or US$1,000 equivalent in foreign currency.

In order to obtain this facility we have attached an all in one simple application form for your convenience. This facility will be established within 48 hours of us receiving your completed application form. Should you need more information on Personal Secured Credit please call our Personal Banking Centre on 446591 Ext. 8161 or write to mc personally.

We are pleased to be of service.

Yours sincerely

Sandun Hewavtharana

Manager Personal Financial Services
