Chairman's Address - 59th Annual General Meeting

My fellow shareholders, it gives me great pleasure to present my report on the Company’s performance for the period ended 30 September 2014 and to advise on the results achieved for the period under review.

Fellow shareholders, the recently concluded financial year was challenging in many respects but as a result of prudent decision-making and the implementation of cost saving measures, and strict financial controls, we have produced a result which even though down on the previous year’s results, can be considered as acceptable Fellow shareholders, even though the economic data suggests that the global financial situation may be recovering in some areas, uncertainty and fear have now taken their place on the agenda of legitimate concerns which are affecting economic results across the globe and locally. Banks DIH Limited was not exempt from that reality and the effects of the global recession resulting in the financial tsunami which in turn resulted in the virtual collapse of the global financial markets.