Consequent to the cessation of the contract between WSG Nimbus Pte Ltd and the Board of Control for Cricket in Sri Lanka, bids were called for from interested parties for the following:

COMMERCIAL RIGHTS OF THE BCCSL
1.Television rights outside Sri Lanka
2.Radio rights outside Sri Lanka
3.Title sponsorships
4.Forty ground runners

Bid documents were forwarded to nine interested parties from overseas, and the reputed international firm of Chartered Accountants PriceWaterhouse Coopers was requested to receive bids and evaluate same once tenders closed.

Tenders closed on the 29th of October 2001 and several bids were received. The bids were opened in the presence of two Partners of PriceWaterhouse Coopers, Members of the Interim Committee of the BCCSL, a representative of the Ministry of Sports, a representative of Julius & Creasy the BCCSL's lawyers and legal counsel. Also present were representatives from the bidders.

Once the tenders were opened, an evaluation was carried out by PriceWaterhouse Coopers, who recommended Taj Television, who are covering the ongoing Champions' Trophy in Sharjah.

A press conference will be held within the next few days to give more details of the terms and conditions of the agreement entered into with Taj Television.

bccsl.mu.2001.28

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