SEYLAN BANK LIMITED-CHATHAM STREET BRANCH

AUCTION Sale by virtue of authority granted to me by the Board of Directors of Seylan Bank Limited under Section 4 of the Recovery of Loans by Banks (Special Provisions) Act, No.4 of 1990 to sell by Public Auction the property described in the schedule hereto.

Whereas Globe Investment (Private) Limited a company duly incorporated under the Companies Act, No.17 of 1982 bearing Business Registration No. N(PVS) 7845 and having its Registered Office at No. 166, 1st Floor, D. S. Senanayake Mawatha, Colombo 8as the Obligor and Nirmala Anura Fernando of No.217, Cotta Road, Colombo 08 as the Surety have made default in payment due on Bond Nos. 6216 dated 01.04.1991 attested by S. E. Abeysuriya, 595 dated 03.07.1997 attested by D. P. L. H. H. Silva, Notary Public in favour of Sey1an Bank Ltd and there is now due and owing to the Sey1an Bank Limited as at 31st August 1999 a sum of Rs. 7,458,271.48 together with interest at the rate of 30% per annum from 01st September 1999 to date of sale together with costs of advertising, any other charges incurred less payments (if any) since received.

1 shall sell by Public Auction the property described in the schedule hereto on the 30th July, 2001 at 11.00 a.m. at the spot.

Schedule

All that divided and defined allotment of land marked Lot, 16A in Survey Plan No. 1022 dated 19th October, 1976 made by M. W. 0. P. Wijesinghe, Licensed Surveyor together with the buildings and everything standing thereon bearing Assessment No.217, Cotta Road (being a Sub Division of Lot, 16 depicted in Plan No. 163 dated 03rd May, 1969 made by A. P. S. Gunawardena, Licensed Surveyor) situated at Welikada C in Ward No; 34, (Narahenpita) along Cotta Road within the Municipality and District of Colombo Western Province and which said Lot, 16A is bounded on the North by Lot 13, in the said Plan No. 163 on the East S by Lot 16B, in the said Plan No. 1022 on the South by Cotta Road and on the West by Lot 17, in the said Plan No. 163 and containing in f extent Eleven decimal Six Five Five Perches (OA.,OR.,11.655P.) o according to the said Plan No. 1022 and registered under Title A 589/ (I 287 at the Colombo Land Registry. fj

Mode of Payments. -The successful Purchaser should pay the d following amounts in cash at the fall of the Hammer: e

Ten Percent of the Purchase Price (10%), One Percent to the Local Authority as sales tax (01%), Two and a Half Percent as Auctioneer's charges (2 1/2%), Notary's attestation fees for conditions of sale Rs. 2,000, Clerks and criers wages Rs. 500. Total costs incurred on the sale. Balance 90% of the purchase price should be deposited with Seylan Bank Limited within 30 days from the date of the sale.

Title Deeds and connected documents could be obtained from the Assistant General Manager-Legal, Seylan Bank Limited, Ceylinco Seylan Towers, No. 90 Galle Road, Colombo 03. Telephone Nos.: 074- 701256, 074-701274, 074-701291.

I.W. JAYASURIYA

Courts and Commercial Banks

Recognised Auctioneer

No. 64, Aruppola Mawatha

Kandy.

Telephone Nos.: 08-233697, 072-223793, 071-755974

Fax No.: 08-233697

07-323/3
