Nations Trust Bank entered into a binding sale and purchase agreement to acquire the Retail Banking business of HSBC Limited Sri Lanka (HSBC SL)

In terms of Section 8 of the Listing Rules, we wish to announce that, Nations Trust Bank PLC (NTB) entered into a binding Sale and Purchase Agreement on 24 September 2025 with The Hongkong and Shanghai Banking Corporation, acting through its Sri Lanka Branch (HSBC Sri Lanka) to acquire its retail banking business carried out in Sri Lanka for a consideration of LKR 18,000,000,000 (Sri Lankan Rupees Eighteen Billion) and applicable taxes if any.

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