BANKPUNJAB

Members of the Exchange are hereby informed that the trading in equity shares of Bank of Punjab Ltd. shall be suspended w.e.f. October 06, 2005 (i.e. closing hours of trading on October 05, 2005) on account of Scheme of Amalgamation of Bank Of Punjab Ltd with Centurion Bank Limited.

Bank Of Punjab Ltd had informed the Exchange that the Reserve Bank of India has approved the Scheme of Amalgamation of the Bank with Centurian Bank Limited ("Scheme"). The Bank has now informed that October 14, 2005 has been fixed as Record Date for the purpose of determining the eligible shareholders of the Bank Of Punjab Ltd to whom equity shares of Centurian Bank Limited will be allotted as per the Scheme of Amalgamation between Bank of Punjab Limited and Centurian Bank Limited. The Bank has further informed that in terms of the Scheme, Centurian Bank Limited will issue 23,62,50,000 Equity

Bank Of Punjab Ltd has informed the Exchange that the Scheme of Amalgamation of Bank of Punjab Limited with Centurion Bank Limited has been approved by the Reserve Bank of India in terms of Section 44A of the Banking Regulation Act, 1949 on September 24, 2005. The Scheme shall be effective from October 01, 2005. In terms of the Scheme, Centurion Bank Limited will issue 23,62,50,000 Equity Shares of Re.1/- each of Centurion Bank Limited to the shareholders of Bank of Punjab Ltd. in the ratio of 9 (nine) Equity Shares of Centurion Bank Limited of Re.1/- each for every 4 (Four) Equity Shares of R

Bank Of Punjab Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the period 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).

Bank Of Punjab Ltd has informed the Exchange that the shareholders of the Bank at their AGM held on August 03, 2005, inter alia, approved the Scheme of Amalgamation of Bank Of Punjab Ltd with Centurion Bank Limited subject to the approval of the Reserve Bank of India. The said Scheme was approved by the requisite majority of shareholders as per the provisions of Section 44A(2) of the Banking Regulation Act, 1949. As per the Scheme, the share swap ratio has been fixed at 9:4, i.e. nine shares of face value of Re.1/- each of Centurion Bank Limited will be received by Bank Of Punjab Ltd's shareho

Bank Of Punjab Ltd has informed the Exchange that the AGM of the company is to be held on August 03, 2005. The Company has further informed that the Register of Members and Share Transfer Books of the Company shall remain closed from July 27, 2005 to August 03, 2005 (both days inclusive) in connection with the AGM to be held on August 03, 2005.

Bank Of Punjab Ltd has submitted to the Exchange the Board of Directors met on June 29, 2005 to consider and discuss the proposed amalgamation of the bank with Centurion Bank Limited. The Board approved the joint valuation report dated June 29, 2005 of M/s. N.M. Raiji & Co. and KPMG India Private Limited ("Joint Valuation Report") and the issuance to the bank's shareholders of 9 equity shares of Rs.1/- each of Centurion Bank Limited for every 4 equity shares of Rs.10/- each of the Bank of Punjab Ltd. The Board approved the notice and explanatory statement to be sent to shareholders of the Bank

Bank Of Punjab Ltd had informed the Exchange of the following: 1) That the Board of Directors of the Bank, in its meeting held on February 23, 2005, had approved the preferential issue of 24,285,176 equity shares ("Shares") by the Bank at a price of Rs.38/- per share aggregating to Rs.92.28 crores to five different proposed investors, subject to the approval of the shareholders ("Preferential Allotment") and 2) That in the EGM of the shareholders held on March 23, 2005, Preferential Allotment was approved by the shareholders vide the passing of a special resolution in this regard. The Company

Bank Of Punjab Ltd has informed the Exchange that the Board of Directors met on June 20, 2005 to consider, in-principle, a merger between Bank of Punjab Limited and Centurion Bank Limited. The Board has accorded in-principle consent to pursue the merger, subject to a fair share swap ratio and receipt of all the requisite statutory, regulatory and corporate approvals, including approvals of the RBI, stock exchanges, the respective Boards and shareholders. Ambit Corporate Finance Pte. Limited are the sole investment bankers to this transaction. KPMG India Private Limited and N.M.Raiji & Co. have

Bank Of Punjab Ltd had informed the exchange that the BODs of the bank, in its meeting held on February 23,2005, has approved the preferential issue of 24,285,176 equity shares("Shares") by the bank subject to the approval of the shareholders. The company has now informed that an EGM of the company's shareholders to consider the preferential issue of shares, and if thought fit, to pass the resolution under section 81(1A) of the Companies Act,1956, was held on March 23,2005.The shareholders, in the said meeting, have approved the preferential issue of shares in terms of the resolution passed th

Bank Of Punjab Ltd has informed the Exchange that the BODs of the Bank, in its meeting held on February 23, 2005, has approved the issue of 24,285,176 equity shares by the Bank to the following persons, at a price of Rs.38/- per share (Face value of Rs.10/- and premium of Rs.28/- per share) for cash determined in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000: 1) 6,451,330 equity shares constituting 4.99% of the total post-issue paid up share capital of the Bank to The Bank of Nova Scotia, Canada; 2) 6,451,330 equity shares constituting 4.99% of the total post-i

Clarification of News : The press had reports about foreign investment in the Bank Of Punjab Ltd.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.Bank Of Punjab Ltd has vide its letter inter-alia stated, "We wish to clarify that the Bank has appointed M/s Ernst & Young to explore avenues for raising capital for the Bank. No specific proposal has been received from M/s Ernst & Young till date and any proposal, as and whe

Clarification of News : The press had reports that a few foreign financial investors have shown interest in picking up the promoter's stake in Bank Of Punjab Ltd and have also conducted due diligence.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. Bank Of Punjab Ltd has vide its letter inter-alia stated, "We would like to inform you that news item is incorrect. The correct position is that the Board of Directors of th

Bank Of Punjab Ltd has informed the Exchange that there has been the following change in the composition of the Board of the Bank:1)Mr.Darshanjit Singh and Mr. Harpreet Singh have resigned as Directors from the Board of the Bank. The Board, in its meeting held on November 15,2004 have appointed Mr.Virender Nath Koura and Dr. A.S.Narang respectively as Director to fill the vacancy thus created.2)The Reserve Bank Of India, have appointed Mr.R.V.Iyer as an Additional Director on the Board of the Bank, for a period of three years w.e.f. November 09,2004.

Bank Of Punjab Ltd has informed the Exchange that the Reserve Bank of India, vide their letter dated October 25, 2004 have appointed Mr. Gajender Kumar as an Additional Director on the Board of the Bank, for a period of 3 years w.e.f. October 25, 2004.