## Property Veterans Hisham Jamaldeen and Archie Warman Join Lee Hedges Board 📈

Lee Hedges PLC has announced the appointment of real estate and investment veterans Hisham Jamaldeen and Archie Warman as Non-Independent Executive Directors. This follows the recent Rs. 4 Bn acquisition of a 51% controlling stake in the company by Lanka Realty Investments PLC (LRI). • Strategic Leadership Hisham Jamaldeen: Brings 20+ years of experience in corporate finance and real estate. Founder of Steradian Capital, he has managed transactions exceeding US$ 1.6 Bn. He currently holds 40 directorships, including Managing Director of On’ally Holdings PLC (Unity Plaza). Archie Warman: A seasoned professional in property investment and asset management. Co-founder of Steradian Capital, he has led major transactions on the Colombo Stock Exchange and developed landmark projects like HQ Colombo and the W15 hospitality brand. • Economic Context & Outlook The appointments signal a strategic pivot for Lee Hedges toward yield-focused commercial real estate and income-generating assets. The group benefits from high liquidity, with Lee Hedges holding approx. Rs. 1.76 Bn in cash/near-cash resources as of 2Q 2026. This move strengthens the ICT/BPM and hospitality infrastructure sectors through LRI’s expanded portfolio, aimed at optimizing shareholder value amidst Sri Lanka’s economic recovery. _Note: Data based on recent corporate filings and board appointments._