INGVYSYABK

Ing Vysya Bank Limited has informed the Exchange that UTI Mutual Fund has acquired 6,17,709 shares aggregating to 0.6789% of the total paid up capital of Ing Vysya Bank Limited on November 02, 2005. The mode of acquisition is through Secondary Market Purchase and the shareholding of UTI Mutual Fund after the said acquisition is 49,88,285 shares aggregating to 5.4822% of the total paid up capital of Ing Vysya Bank Limited.

Ing Vysya Bank Limited has informed the Exchange that Mr. Vaughn Nigel Richtor was appointed as Additional Director on the Board of the Bank at its meeting held on October 26, 2005. Further, Mr. Bart Hellemans has resigned as Director from the Board of the Bank effective October 26, 2005.

UTI Asset Management Company Pvt. Ltd has informed the Exchange that UTI Mutual Fund has acquired 6,17,709 shares aggregating to 0.6789% of the total paid up capital of Ing Vysya Bank Limited on November 02, 2005. The mode of acquisition is through Secondary Market Purchase and the shareholding of UTI Mutual Fund after the said acquisition is 49,88,285 shares aggregating to 5.4822% of the total paid up capital of Ing Vysya Bank Limited.

Ing Vysya Bank Limited has submitted to the Exchange a copy of minutes of AGM of the Bank held on September 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).

Ing Vysya Bank Limited has informed the Exchange that as announced during the AGM of September 22, 2005, Mr. Bart Hellemans has of the close of Business on October 6, 2005 completed his three year tenure as Managing Director and CEO of the Bank.The Board of the Bank has chosen a successor whose nomination is currently being examined by the Reserve Bank of India and a decision is expected shortly.Meanwhile,the bank has made the appropriate interim arrangements as prescribed by the Reserve Bank of India pursuant to the provisions of the Banking Regulation Act, 1949.

Ing Vysya Bank Limited has informed the Exchange regarding the news item titled 'ING : In Exit mode?' published in Times of India dated October 10, 2005 under the caption WHAT's UP. In this connection ING Vysya Bank has informed the Exchange that Mr.Joseph Kestemont,Director of the bank has issued the following statement to its staff : "It has been reported in certain section of the Press today that ING is in talks with some Banks for selling its stake in ING Vysya Bank. As the senior resident representative of the ING Bank on the ING Vysya Bank Board, I confirm that ING is strongly committ

Ing Vysya Bank Limited has informed the Exchange that at the AGM of the Bank held on September 22, 2005, the following directors were re-appointed as directors liable to retire by rotation :- 1) Mr. K.R. Ramamoorthy, 2) Mr. Arun Thiagarajan and 3) Mr. Joseph J Kestemont. Further, the company has informed that M/s BSR & Co. (Formerly Bharat S Raut & Co.), Mumbai, Chartered Accountants were reappointed as Statutory Auditors of the Bank for the third consecutive year to hold office from the conclusion of this AGM to the conclusion of next General Meeting. Also, the Board of Directors at its meeti

Ing Vysya Bank Limited had informed the exchange regarding the decision of the BODs of the bank at its meeting held on May 28,2005, about the offer for sale of its entire equity stake of 14.87% constituting 5.80 crore equity shares in ING Vysya Life Insurance Company Private Limtied(the company) to Gujarat Ambuja Cements Limited(GACL),subject to approval of regulatory authorities. Insurance Regulatory Development Authority(IRDA) has since approved the transaction. The company has now informed that the sale transaction has been completed on August 25,2005 by effecting transfer of shares in favo

Ing Vysya Bank Limited has informed the Exchange that as approved by the BODs, the Share Transfer Books and Register of Members shall be closed from August 23, 2005 for a period of one day, in connection with the AGM of the Bank scheduled on September 22, 2005.

Ing Vysya Bank Limited has submitted to the Exchange a copy of the News Release of the Un-audited Financial Results of the Bank for the quarter ended June 30, 2005 along with the various financial and business highlights, and other significant developments in the Bank's policy. 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).

Members of the Exchange are hereby informed that trading symbol of ING Vysya Bank Limited shall be changed from VYSYABANK to INGVYSYABK w.e.f August 16, 2005.

Ing Vysya Bank Limited has informed the Exchange that the Bank has decided to divest its stake in ING Vysya Life Insurance Company Private Limited. The carrying value of these shares at June 30, 2005 is Rs.38 crores. The agreed sale price of this investment is Rs.60.90 crores. The sale would take place upon getting the necessary regulatory approvals.

Ing Vysya Bank Limited has informed the Exchange that the BOD's have adopted the Annual accounts for the year ended March 2005 on May 18, 2005, which were also subjected to audit at that time. Accordingly the Bank delivered the results to the Stock Exchanges on May 18, 2005 and published the same in newspapers on May 20, 2005 as 'Audited Results'. Subsequently on June 24, 2005 the RBI has imposed penalty of Rs.5 lakhs in respect of the year 2003-04. In terms of the instructions of RBI vide their circular dated October 19, 2004 such penalty has to be included in the 'notes on accounts' to the A

Ing Vysya Bank Limited has informed the Exchange that as part of business strategy of the bank,the board of the bank reviewed the investment in the equity of ING Vysya Life Insurance Company Private Limited(the company) and decided to offer for sale its entire equity stake of 14.87% to Gujarat Ambuja Cements Limited. This will be subject to approvals, if any, from the relevant regulatory authorities.The details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extrane

Ing Vysya Bank Limited has submitted to the Exchange a copy of the news release of the audited financial results of the bank for the year ended March 31,2005 along with the various financial and business highlights, market and other significant developments in the bank's policy. 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).

Ing Vysya Bank Limited has informed the Exchange that with regards to the consideration of the Audited Financial Results for the year ended March 31, 2005, the Board has not recommended any dividend for the FY 2004-05, in the absence of profits.

Ing Vysya Bank Limited has informed the Exchange that the Bank has fixed February 28, 2005 as the Record Date for the purpose of the Proposed Rights Issue of 6,82,40,214 equity shares of ING Vysya Bank Limited of Rs.10 each at a premium of Rs.35 per share, in the ratio of 3 equity shares for every 1 equity share held on the Record Date.

Ing Vysya Bank Limited has informed the Exchange that the Bank has issued a news release of the Unaudited Financial results of the Bank for the period ended December 31, 2004 along with the various financial and business highlights, market and other significant developments in the Bank's policy. 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).

Ing Vysya Bank Limited has informed the Exchange that the Investors' Committee, in its capacity as Compensation Committee, at its meeting held on December 15, 2004, approved allotment of 56,583 shares to eligible employees who have exercised their options. The Bank has further informed that out of the total 327,090 options that are granted to the employees for the years 2001-02 and 2002-03, 38155 options stand lapsed till date due to resignations etc.

Ing Vysya Bank Limited has informed the Exchange that the BODs at its meeting held on December 15,2004,have decided to raise further equity capital through issue of shares on rights basis on the following terms:1)Entitlement Ratio:The Equity shares on rights basis to the existing shareholders of the Bank shall be offered in the ratio of 3 equity shares for every 1 equity share held as on record date.2)Issue Price:Each equity share shall be offered at a price of Rs.45/-(including a premium of Rs.35/-) per share.

Ing Vysya Bank Limited has informed the Exchange that Mr. Luc Vandewalle has been appointed as Director of the Bank effective October 27, 2004 in the casual vacancy caused due to the resignation of Mr. David Wood Hudson.

Ing Vysya Bank Limited has informed the Exchange that at the meeting of the BoD's held on October 27, 2004, based on the projected growth plans, it was apprised that capital augmentation up to Rs.300 crore before the end of the financial year 2004-2005 is considered necessary. The Board concurred with the requirement for strengthening of the capital base and authorized the Managing Director to work out the modalities and seek necessary regulatory clearance.

Ing Vysya Bank Limited has informed the Exchange that Mr. David Wood Hudson, Director has resigned from the Board of the bank effective October 5, 2004.

ING Vysya Bank Limited has informed the Exchange that at its AGM held on September 16, 2004, the following directors were appointed/re-appointed as directors liable to retire by rotation: (1) Dr. Prakash G Apte (2) Mr. Anand S Bhatt (3) Mr. K R V Subrahmanian (4) Mr. Peter Alexander Smyth (5) Mr. Lars Kramer. Further, M/s Bharat S Raut & Co., Mumbai, Chartered Accountants were reappointed as Statutory Auditors of the Bank to hold office from the conclusion of this AGM to the conclusion of next General Meeting.

is also interested in purchasing at a later date, further shares comprising approximately 5% of the issued share capital of the Bank, either through market transactions or negotiated settlement with intention to increase its aggregate shareholding to approximately (but not more than) 49% of the issued equity share capital of the Bank, being the present maximum permissible limit for foreign direct investment (FDI) in banking companies under the automatic route. The Board of Directors at its meeting held on 28th June 2002, expressed its support and accorded its no objection to both the above tra

of RBI and other Regulatory Authorities. The Bank has no intimation either from BBL of ING Group or from International Finance Corporation on the deal reported. It is to be noted that any such acquisition is subject to RBI approval (acknowledgement) and no application in this regard has been made."

The press had reports that the ING Group is close to hiking its stake in ING Vysya Bank Limited to 49%. 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 company. ING Vysya Bank Limited has vide its letter inter-alia stated, "BBL of ING Group has raised its stake in the Bank from 20% to 43.99% by acquiring shares from Indian Promoters Group in September 2002. BBL of ING Group, before raising its stake as above, has intimated