CENTBOP

Centurion Bank Of Punjab Limited has informed the Exchange Vide its letter dated December 17, 2007 that "The Compensation Committee and Board of Directors have approved today the following resolutions, which were circulated to the members of the Committee/Board, subject to the approval of the shareholder Approved by the Compensation Committee of the Board. Resolutions in respect of the following were approved by the Compensation Committee of the Board:(l) Amendment in the existing Employees Stock Option Schemes viz. Key Employee Stock Option Plan 2004 and General Employee Stock Option Plan 200

Centurion Bank Limited has informed the Exchange that the Compensation Committee of the Board has on April 2, 2005, decided to revoke the grant of 75,54,700 options out of the 83,50,000 options granted on January 10, 2005 at a price of Rs.19.50 each under the General Employees Stock Option Plan 2004 (General ESOP-2004). The Committee approved a fresh grant of 1,25,00,000 stock options at a price of Rs.15.25 each under the said General ESOP-2004, subject to such regulatory approvals as necessary.