MUSLIM COMMERCIAL BANK

Sale under Section 4 of the Recovery of Loans by Banks (Special Provisions) Act, No.4 of 1990

AUCTION SALE OF VALUABLE COMMERCIAL PROPERTY

ALL that divided and defined allotment of land marked Lot A together with the trees, plantations and everything else standing thereon. Depicted in Plan No.644 dated 5th June, 1979 made by L. S. B. Fernando, Licensed Surveyor (being a Sub-division after resurvey of a portion of the land depicted in Plan No.55 dated 6th May, 1934 and made by G. B. de Silva, Licensed Surveyor and registered under Title M 545/240 at the Colombo District Land Registry) of the land called "Damparagahawatta alias Gamagewatta and Pathmmawatta alias Badalgewatta", situated at Hedigama within the Town Council Limits of Mampe-Kesbewa in the Palle Pattu of Salpiti Korale in the District of Colombo, Western Province. (Land in extent OA.,2R.,OP.)

Together with the right of way and other rights over:

All that divided and defined allotment of land marked Lot "B" (reservation for Road) depicted in Plan No.644 dated 5th June, 1979 made by L. S. B. Fernando, Licensed Surveyor. (The property belonging to Jezima Industries Limited, a duly incorporated Company having its Registered Office at No. 130, Main Street, Colombo 11 duly executed Mortgage Bond No. 1446 dated 17th December, 1998 attested by V. Balasubramaniam, Notary Public.)

Under the authority granted to me by the Muslim Commercial Bank, I shall sell by Public Auction the above-mentioned property on Friday, 10th August, 2001, commencing at 10.30 a.m., at the spot.

For Notice of Resolution please refer Government Gazette of 11.05.2001, The Daily News, Dinamina and Thinakaran of 12.05.2001 and Notice of Sale in the Government Gazette of 13.07.2001.

Mode of Payments:

(1) 10% of the purchased price at the fall of the Hammer;

(2) Balance 90% of the purchased price within 30 working days of the sale;

(3) 1% (one percent) local sales tax pjlyable to the Local Authority;

(4) Auctioneer's commissipn of 2 l/2% (Two and a half percent) of the sale price;

(5) 50% of the total cost of advertising not exceeding Rs. 32,185;

(6) Clerk's and Crier's fees Rs. 500;

(7) Notary's attestation fees for Conditions of Sale Rs. 2,500.

Title Deeds and other connected documents may be inspected and

obtained from the Manager Credit, Muslim Commercial Bank, No.8, Leyden Bastian Road, Colombo 1.

DUNSTAN & DALLAS KELAART,

Court Commissioners and Brokers,

Specialist Auctioneers,

Appraisers and Realtors.

No.381 111, Galle Road,

Colombo 4.

Telephone No.: 591167,

Phone/fax: 584874, 500838,

Hot Line: 0722-50422.

07-361
