Investment Companies - Guardian Group
Holds an investment portfolio traded on Colombo Stock Exchange worth approximately Rs.8.83 billion as at the end of September 2009. This portfolio comprises equity stakes in some of Sri Lanka's most successfully run listed blue chip companies that have been built up for future value creation; as well as an actively traded portfolio to capitalize on short term market movements. We have six investment companies of which three companies are listed on the Colombo Stock Exchange (CSE). As a sector primarily focused on long term investing, the portfolio appreciated 114% against All share Index appreciation of 79% and Milanka Index appreciation of 89% in the current financial year. This performance does not include the cash reserves built up within the group of Rs.1.97 billion during the last year. The two quoted investment companies of the group Ceylon Guardian PLC and Ceylon Investment PlC has recommended a share repurchase of 15% and 20% respectively of the issued shares at attractive prices for shareholders. For further information refer stock market announcement.

Guardian Fund Management Limited
Guardian Fund Management Limited is a specialized fund management company within the Carsons Group responsible for managing the portfolios of the investment holding companies of the Group. This company has capabilities in portfolio management and research with necessary management processes to ensure good governance and risk management. Further, the company will widen its expertise in venture capital investments, investment banking services and overseas investments. Guardian Fund Management obtained registration as an Investment Manager with the Securities and Exchange Commission of Sri Lanka in April 2006.

The Sri Lanka Fund (www.thesrilankafund.com)
In recognition of Carsons’ fund management capabilities, its subsidiary Guardian Fund Management Limited was appointed managers of the Sri Lanka Fund (formerly known as the Regent Sri Lanka Fund). The Sri Lanka Fund, which was incorporated in the Cayman Islands, is the only dedicated country fund to invest in the Colombo Stock Exchange. Its Net Asset Value as at 31st March 2009 was US $ 1.64. The Fund caters to both retail and institutional investors worldwide who are focused on emerging markets.