Welcome to SRI AYUDHYA CAPITAL

I would like to update you on the activities of our core investment, our subsidiary Sri Ayudhya General Insurance PCL (SAGI).

The past nine months has been filled with activity as we at AYUD/SAGI have worked hard to settle claims arising from the flood with occurred late last year. I am pleased to report that we have settled approximately 92% of the direct claims submitted by companies and individuals which equates to about 75% of the monetary amount. It is only the larger and more complicated cases that remain unresolved as the amount of information and technical detail required is substantial. Our target is to pay more than 90% of these claims by year end.