The electronic books’ (e-books) usage of the higher education community is exponentially expanding. There are a significant percentage of university students and staff who prefer e-books to printed books. This comprehensive study is done at Uva Wellassa University to analyze the percentage of undergraduates who are inclined to use e-books and to explore their preferences over e-book format, reading equipment, their purpose and obtaining method. The study also reveals the future preference and predictions of e-book usage in Sri Lankan context. It also discusses the comparative advantages and disadvantages of e-books according to the survey results gained through the open ended questions. Both qualitative and quantitative methods are used in this study. A survey was distributed among the undergraduates who represent first to fourth years in Management Faculty, Animal Science and Export Agriculture Faculty and Science Faculty in Uva Wellassa University. The sample size is 206. The paper concludes that there is a significant number of e-book uses in the university. The e-book usage is limited due to the limited number of freely available e- books. Most of the tested cohort predicts of increased number of e-book usage in Sri Lanka in the future. Data suggest that with the undergraduate year of the user the usage of e-books is increased. The e-book usage is independent from gender. Yet it is dependent upon the Faculty. Users are inclined to use personal computers and laptops than the e-readers. The main e-book obtaining method of the user is internet and they generally go for free titles. According to the statistics the main e-book reading purpose is education. The study suggests the need of establishing e-book facilities in Uva Wellassa University. Journal of the University Librarians’ Association of Sri Lanka, Vol. 19, Issue 1, October 2015, Page 71-91