National Development Bank PLC announced appointment of Mr. Kushan D'Alwis, PC (Independent, Non-Executive Director) as Alternate Director to Mr. Sriyan Cooray (Independent, Non-Executive Director) strictly for the purpose of participating at the meeting of the Board of Directors of NDB on 18th April 2024. Mr. D'Alwis will cease to be an Alternate Director at the conclusion of this meeting. The company note that Mr. Cooray is unable to participate at the aforementioned meeting due to unavoidable logistical challenges as he is overseas.

The Nominations and Governance Committee has confirmed the independence of Mr. Kushan D'Alwis, PC.