📈 Akzo Nobel Paints Lanka Excluded from US$ 1.35 Bn South East Asia Divestment

• Scope of Transaction: Imperial Chemical Industries Limited (a subsidiary of Akzo Nobel NV) retains its 50.63% voting stake in Akzo Nobel Paints Lanka (Private) Limited (ANPL). The Sri Lankan associate entity of CIC Holdings PLC remains completely outside the regional sale. • Regional Deal Details: Akzo Nobel NV agreed to sell its South East Asia Decorative Paints business across seven markets (Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea, and Australia) to Nippon Paint Holdings Co., Ltd. for approximately US$ 1.35 Bn. • National Impact: CIC Holdings confirmed via a CSE market filing that local operations for the paints & coatings manufacturer remain unaffected, ensuring continuity in domestic production, supply chains, and local market share within Sri Lanka's construction & building materials sector.