CENTBOP

Centurion Bank Of Punjab Limited has informed the Exchange vide its letter dated February 28, 2008 that "The Board of Directors of the Bank met today and took the following decisions: 1) Reaffirmed the share swap ratio for the merger of the Bank with HDFC Bank Limited as determined in the joint valuation report dated 25th February 2008 of M/s. Dalal & Shah, Chartered Accountants and Ernst & Young Pvt. Ltd and the issuance of 1 (one) equity share of Rs. 10/- each HDFC Bank Limited for every 29 (twenty-nine) equity shares of Re. 1/- each held in Centurion Bank of Punjab Limited. 2) Approved the

Centurion Bank Of Punjab Limited has informed the Exchange that: "The Board of Directors of the Bank at its meeting held today (March 23, 2007) approved the following: (i) Raising up to Rs.700 crores as long term debt capital in one or more tranches, whether through a single placement or multiple placements from time to time until 31st March 2008 through issuance of Tier II debt instruments or innovative perpetual debt instruments in domestic and/or overseas markets. (ii) Extension of the period for completion of the Scheme of Amalgamation of Lord Krishna Bank Limited with Centurion Bank of Pu

Centurion Bank Of Punjab Limited has informed the Exchange that the Board of Directors of the Bank met on September 4, 2006 have approved the following :- (1) Merger of Lord Krishna Bank with Centurion Bank of Punjab Ltd.- The Board approved the draft Scheme of Amalgamation in terms of the share swap ratio as determined in the joint valuation report dated September 4, 2006 of M/s. N. M. Raiji & Co. and M/s. Deloitte Haskins & Sells, Chartered Accountants ("Joint Valuation Report") and the issuance of 7 (Seven) equity shares of Re. 1/- each of Centurion Bank of Punjab Limited for every 5 (Five)

The aforesaid proposed issue of equity shares on a preferential basis will be subject to the necessary approvals of the members of the Bank by a special resolution under Section 81 (1A) of the Companies Act, 1956 and such other regulatory approvals as may be required. The shares are being issued at a price determined in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000. The Board decided to convene an Extraordinary General Meeting of the members of the Bank to be held on September 30, 2006 to consider the above matters.

Centurion Bank Limited has informed the Exchange that The following matters were approved by the Board of Centurion Bank of Punjab Limited ("Bank") at their meeting held on November 29, 2005: (a) Proposal for utilization of the Securities premium Account: Utilisation of an amount not exceeding Rs.200 crores from the Securities Premium Account for adjusting the Debit balance in the Profits and Loss Account and Goodwill arising out of the amalgamation of erstwhile Bank of Punjab Ltd. with the Bank under the Provisions of Section 78 read with Section 100 of the Companies Act, 1956 subject to the

.(c) Preferential Allotment of Shares: 1.Allotment of 7,00,00,000 fully paid equity shares of nominal value of Re.1/- each at a Premium of Rs. 18.25 aggregating Rs.19.25 per equity share for a consideration of Rs.134,75,00,000 to India value Fund, which is managed by GW Capital, along with affiliates/nominees of G.W. Capital. 2. Allotment of 7,00,00,000 fully paid equity shares of nominal value of Re.1/- each at a Premium of Rs. 18.25 aggregating Rs.19.25 per equity share for a consideration of Rs.134,75,00,000 to Johann Limited, a 100% subsidiary of ChrysCapital III, LLC. 3. Allotment of upt

(e)Proposed Investment in Asset Reconstruction Company: Investment of an amount not exceeding Rs.2.97 crores constituting 29.70% of the total paid up capital of a proposed Asset Reconstruction Company, subject to the approval of the Reserve Bank of India and other statutory approvals as may be required in this regard. (f)Joint Venture with Indecom Global Services Limited: The Board approved an Investment of an amount of Rs. 1.24 crores out of the total paid up capital of Rs. 4.60 crores constituting 27% of the paid up capital of the proposed joint venture to be entered into with Indecom Globa