ANDHRABANK

Andhra Bank has informed the Exchange that an EGM of the shareholders of the Bank will be held on March 27, 2006, to elect four Directors from amongst shareholders of the Bank other than the Central Government. A copy of the Notice of the EGM same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Andhra Bank has informed the Exchange that the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division), New Delhi, vide Gazette Notification F.No.9/18/2000-B.O.I. dated January 31, 2006, in exercise of the powers conferred by clause (c) of Sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, read with the sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, has nominated Shri A.P. Hota, Chief General Manager, Department of Payment and Settlement Sys

Andhra Bank has informed the Exchange that the Board of the Directors of the Bank met on February 10, 2006 and approved to convene the EGM of the bank. In this connection, the Record Date has been fixed as February 27, 2006 for the purpose of ascertainment of shareholders of the Bank entitled to participate in the EGM of the Bank.

Andhra Bank has informed the Exchange that Mr. R. Balakrishnan, Executive Director of the Bank, demitted the office on superannuation on January 31, 2006.

Andhra Bank has informed the Exchange that the pricing committee of Andhra Bank has finalised the offer price for the issue at Rs.90(Rupees Ninety).

Andhra Bank has informed the Exchange that the Government of India, Ministry of Finance, Department of Economic affairs (Banking Division), New Delhi, vide Gazette Notification F.No.9/45/2005-BO-I dated November 30, 2005, in exercise of the powers conferred by sub-section 3(h) and (3-A) of section 9 of the banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of the nationalised banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Dr. K. Anjanappa, as part-time non-official director on the Board of the Bank

Andhra Bank has submitted to the Exchange a copy of the Minutes of the EGM of shareholders of the Bank held on October 24, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Andhra Bank has submitted to the Exchange a copy of Notice of EGM of Shareholders of the Bank to be held on October 24, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Andhra Bank has informed the Exchange that the BODs of the Bank at their meeting held on September 27, 2005 decided to convene an EGM of shareholders of the Bank on October 24, 2005 for the purpose of seeking the approval of shareholders of the Bank for increasing the paid up capital from Rs.400 Crores to Rs.485 Crores by issuance of 8.50 crores equity shares of Rs.10/- each aggregating to face value of Rs.85.00 crores, with a premium to be decided in consultation with the Lead Managers to the issue. The shareholders whose names appear in the register of shareholders as on September 30, 2005,

Andhra Bank has informed the Exchange that the Board of Directors of the Bank in the meeting held on September 06, 2005 has accorded 'in principle' clearance for the Bank making public issue (follow-on offer) of equity shares subject to obtention of necessary statutory approvals including approval of the Central Government / Reserve Bank of India and shareholders' approval at the EGM to be convened for the above purpose. The terms of the issue including size of the issue and the price shall be determined in consultation with the Merchant Bankers and subject to necessary approvals.

Andhra Bank has informed the Exchange that the auditor's have conducted the limited review of the financial results for the quarter ended June 30, 2005 and the details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Andhra Bank has informed the Exchange regarding the qualifications of auditors in the financial statements which have a bearing on the profits for the year ended March 31, 2005 and treatment of the same in the financial results for the quarter ended June 2005, as follows: Auditors' Remarks - In the absence of information regarding other credit facilities granted to credit card holders classified as NPAs, the amount of provision against these credit facilities is not ascertainable. Treatment / Position for the Quarter ended June 30, 2005 - The position continues to be the same and the effect

Andhra Bank has submitted to the Exchange a copy of the Minutes of AGM of the shareholders of the Bank held on June 22, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Andhra Bank has informed the Exchange that Shri Parasa Parameshwara Rao was appointed as Part Time Non Official Director for a period of three years w.e.f. June 12, 2002 by Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi, vide Gazette Notification F.No. 9/17/2000-BOI (i) dated June 12, 2002 in exercise of the powers conferred by Sub section (3)(h) and (3-A) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 read with sub clause (1)pf Clause 3 of Nationalised Banks (Management and Miscellaneous Provi

Andhra Bank has informed the Exchange that the Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi, vide Gazette Notification F. No. 9/20/2003-BO-I dated June 09, 2005 in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3, clause 5, clause 6, clause 7 and sub-clause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has appointed Shri T. S. Naray

Andhra Bank has informed the Exchange that the Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division), New Delhi, vide Notification dated June 09, 2005, in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3, clause5, clause 6, clause 7 and sub-clause (1) of clause 8 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has appointed Shri K. Ramakrishnan, Executive Director, Bank

Andhra Bank has informed the Exchange that the BODs of the bank at their meeting held on April 27,2005 declared a final dividend for 2004-2005 @ 15% payable to the shareholders of the bank whose name appear in the register of members as on May 12,2005.The bank has further informed that the register of members will be closed for dividend payout from May 13,2005 to May 25,2005(both days inclusive) and the dividend payout date is May 26,2005.

Andhra Bank has informed the Exchange that M/s. ICRA Limited, vide their letter no. Andhra Bank/ICRA/2005-06/1504 dated April 21, 2005, has assigned a "CGR2" (pronounced as CGR 2) rating to the Corporate Governance practices of the Bank. This rating implies that in ICRA's current opinion, the rated company has adopted and follows such practices, conventions and codes as would provide its financial stakeholders a high level of assurance on the quality of corporate governance.

Andhra Bank has informed the Exchange that Shri Kasu Sudhakar, Chartered Accountant, was appointed as Part Time Non official Director for a period of three years with effect from April 24, 2002 by Government of India, vide Gazette Notification dated April 24, 2002. The company has further informed that the term of the Director has expired on April 23, 2005.

Andhra Bank has informed the Exchange that the Share Transfer Books shall be closed from May 13, 2005 to May 25, 2005 (inclusive of both days) for the purpose of payment of Final Dividend for the Financial Year 2004-05, to the eligible shareholders on May 26, 2005, subject to the Board of Directors declaring the Final Dividend for 2004-05 in the Board Meeting to be held on April 27, 2005.

Andhra Bank has informed the Exchange that the auditor's have conducted the limited review for the financial results for the quarter ended December 31, 2004 and year to date December 31, 2004, and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Andhra Bank has informed the Exchange that the auditor's have conducted the limited review for the un-audited financial results for the Quarter ended September 30, 2004 and year to date September 30, 2004, and the details of the same are available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

News Verification : The press had reports on January 26, 2005 that Andhra Bank is looking at merging three regional rural banks with itself. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the Bank. Andhra Bank has vide its letter inter-alia stated, "We shall keep the Exchange informed as and when the matter of merging of Regional Rural Banks with the Bank is referred to the Board of Directors".

Andhra Bank has informed the Exchange that the BODs of the Bank declared an Interim dividend for 2004-2005 @ 15% payable to the shareholders of the bank whose names appear in the register of Members as on February 17,2005,being the Record date for the above purpose.

Andhra Bank has informed the Exchange that Genesis Indian Investment Company Limited have acquired 1,252,689 shares (0.31%) of Andhra Bank. The mode of acquisition is by way of market purchase and the shareholding of Genesis Indian Investment Company Limited after the said acquisition is 20,742,083 shares (5.18%) of Andhra Bank.

Andhra Bank has informed the Exchange that the record date shall be February 17,2005 for the purpose of payment of Interim Dividend to all the shareholders whose names appear in the Register of Members as on February 17,2005 subject to the BODs declaring the Interim Dividend in the Board Meeting to be held on January 27,2005.

Andhra Bank has informed the Exchange that the bank intends to make a second public offer, subject to regulatory approvals. The size, price and timing of the issue shall be communicated separately at the appropriate time.