No.1! Corporate In Sri Lanka

30th April 2008, Colombo – Dialog Telekom PLC, Sri Lanka’s premier telecommunications service provider has been ranked No 1 among Sri Lanka’s Top 10 companies. The Business Today Top 10 was published April 2008, and ranks Sri Lanka’s top corporate entities based on their performance during the 2006/7 period. Sri Lanka’s much acclaimed Business Magazine Business Today (BT) uses a multi-dimensional financial performance evaluation model to rate Sri Lanka’s leading public listed entities.

The Business Today financial performance evaluation is carried out on corporate entities listed on the Colombo Stock Exchange and is based strictly on published financial information. The multi-dimensional performance evaluation model uses a

calculated blend of multiple financial performance indicators encompassing Sales Turnover, Growth in Sales Turnover, Profits, Growth in Profits, Return on Equity, Earnings per Share, Market Capitalization, Values of Shares Transacted and Value Addition.

Recording the highest profit among publicly listed companies, Dialog Telekom's has displayed aggressive growth across multiple dimensions of its business including but not limited to subscriber acquisition, service portfolio, new technology and turnover.

Dialog Telekom entered the elite BT Top 10 in 2005/6, soon after its record breaking entry on to the Colombo Stock Exchange. Rated No 3 in 2005/6, the company was swift to reach the pinnacle of corporate success with a No 1 Ranking in the very next year.

As described by Business Today " Envisioning a market that knows no borders, Dialog Telekom embraces a corporate philosophy that seeks to create new and at times unseen markets, while paying equal emphasis to expanding. Due credit should be given to the company for leaping from third position to first by investing and introducing the appropriate technology, developing the market and the consistently adding value, and in the process bringing pride to Sri Lanka by setting the trends for mobile telephony in the region".

Dialog Telekom has continued to lead the mobile industry in Sri Lanka – propelling the country’s mobile telephony penetration level to over 38% as at the end of 2007. Recognised as Sri Lanka’s single largest infrastructure investor over the past years, the company has consistently placed Sri Lanka ahead of the region in terms of Mobile Communications technology and its adoption across multiple segments of society. The company has been successful in creating an infrastructure footprint spanning all provinces of Sri Lanka delivering empowerment through affordable connectivity to Sri Lankan citizens from across the country.

Venturing on an aggressive drive towards delivering converged connectivity services based on a quadruple play business formulation, Dialog Telekom and its subsidiaries have commencing 2005, established a service portfolio encompassing fixed line, broadband and digital television services in addition to the core mobile telecommunications service offerings based on GSM and 3/3.5G technologies.

“While being proud to receive this recognition as the No 1 company from among the BT Top10, we would like to extend our gratitude to our customers for their unfailing support throughout our journey from humble beginnings to the pinnacle of corporate success” said Dr Hans Wijayasuriya Group Chief Executive of Dialog Telekom PLC. “A company is not an island operating in isolation- we are indebted to a large number of stakeholders for our success – the Government of Sri Lanka and its agencies - in particular the TRCSL and the BoI, our shareholders including our principal investor Telekom Malaysia, our Business Partners and the Dialog Team – to name but a few. This recognition will no doubt spur the Dialog Team to reach greater heights with the objective of delivering increasing dividends towards the development of the nation and the Sri Lankan people”

Dialog Telekom is the largest listed company on the Colombo Stock Exchange in terms of Market Capitalization with a capitalization of LKR 188.79 Bn (USD 1.73 Bn) (as of 31 March 2007). The company has the distinction of becoming the first company in Sri Lanka to achieve a market capitalization exceeding USD 1 billion. Dialog Telekom is the largest mobile operator in Sri Lanka with 4.26 million subscribers as at 31 December 2007.