Introducing ZERO-DOWN: A Revolutionary Homeownership Plan for VIMAN Ja-Ela by John Keells Properties & Union Bank

In a groundbreaking partnership, John Keells Properties (JKP) and Union Bank are
proud to offer the ZERO-DOWN homeownership plan for buyers of the VIMAN Ja-Ela
project. This first-of-its-kind financing solution was born out of a shared commitment by
these two industry leaders to make homeownership more accessible, with a unique
model that allows buyers to purchase their VIMAN Ja-Ela apartment without the burden
of an upfront payment.

With Zero Down, Union Bank will provide 75% of the project funding upfront to
customers as a Union Bank home loan, and will be disbursed in stages as per a
milestone plan. During the project period, customers will pay only the monthly equated
Union Bank home loan installment. The final payment of 25% equity by the customer
has to be made directly to JKP at the end of the project, in approximately two years.
ZERO-DOWN by John Keells Properties & Union Bank is more than just a financial
product; it’s a promise of security and opportunity and aims to transform the real estate
landscape by making VIMAN Ja-Ela more within reach than ever before. This unique
homeownership solution comes at a crucial time, as demand for flexible, affordable
financing options is on the rise among young professionals and families. The ZERO-
DOWN plan enables potential prospects of VIMAN Ja-Ela to secure their apartment with
no upfront costs, breaking down the initial financial barriers that have traditionally
deterred buyers, and also help buyers approach their financial planning with clarity and
confidence.

ZERO-DOWN represents a visionary approach to homeownership in Sri Lanka,said Nadeem Shums, Head of Sales and Marketing for John Keells Properties and Vice
President of John Keells Group. "We’ve seen how upfront costs can discourage even
the most determined buyers. With ZERO-DOWN, we’re making it possible for Sri
Lankans to own a VIMAN Ja-Ela apartment sooner and with greater financial flexibility.
This initiative reflects John Keells Properties’ commitment to Creating New Worlds - not
just through our developments but by reshaping how people experience
homeownership itself.

Union Bank is proud to collaborate with John Keells Properties to introduce ZERO-
DOWN, a truly transformative financial solution,said Chaya Jayawardana, Senior Vice
President – Retail Banking at Union Bank. "This initiative empowers buyers with the
flexibility and confidence needed to secure their home at VIMAN Ja-Ela without the
financial strain of an upfront payment. It’s a direct response to the changing financial
landscape and our customers’ evolving needs.

About VIMAN Ja-Ela

Spanning 6 acres, with 65% of the land dedicated to open spaces and amenities,
VIMAN Ja-Ela has quickly captured the attention of discerning homebuyers and
investors since its highly anticipated launch in September 2023. With over 80% of John Keells Group - Confidential apartments in Phases 1 and 2 already sold, this is an exciting time to explore what this unique community has to offer. Located in the heart of Ja-Ela, VIMAN Ja-Ela is just 10 minutes from the Colombo-Katunayake Expressway facilitating a 30-minute commute to Colombo city. With over 15 thoughtfully designed amenities - including lush green spaces, meditation courts, a kids' play area, an outdoor sports courts, and
cycling/walking paths - the project aims to create a holistic living experience.

About John Keells Properties

John Keells Properties is Sri Lanka’s largest real estate developer, known for their
commitment to quality, innovation, and sustainability. Through their vision of Creating
New Worlds, John Keells Properties continues to push the boundaries of modern living,
with successful projects redefining modern living in Sri Lanka.

About Union Bank

Union Bank is a prominent private commercial bank in Sri Lanka, offering a wide range
of financial solutions to Retail, SME, and Corporate segments. Known for its strong
capital base and financial stability, Union Bank is an affiliate company of CG Corp
Global a leading multinational conglomerate and the largest shareholder of Nabil Bank
in Nepal. Union Bank operates 61 branches across Sri Lanka, supported by digital
banking, a 24-hour call center, and an island-wide ATM network, ensuring convenient
access to financial services. Union Bank’s subsidiaries include National Asset
Management Limited and UB Finance Company Limited.