IPCL

Members of the Exchange are hereby informed that the trading in equity shares of Indian Petrochemicals Corpn. Ltd. shall be suspended w.e.f. October 05, 2007 (i.e. closing hours of trading on October 04, 2007) on account of Scheme of Amalgamation of Indian Petrochemicals Corporation Limited with Reliance Industries Limited.

Indian Petrochemicals Corpn. Ltd. has informed the Exchange about the news clarification regarding Shri. A. D. Ambani's resignation as Vice Chairman and Director of the company. 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).

Clarification of News : The press had reports that the settlement between the Ambani brothers is on the cards and that Mr. Anil Ambani is likely to get control of Reliance Infocomm, Reliance Energy Ltd. and Reliance Capital Ltd. while Reliance Industries Ltd. and Indian Petrochemical Corporation Ltd. will remain with Mr. Mukesh Ambani. 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. Indian Petrochemicals Corpn. Ltd

Clarification of News : The media had reports on March 09, 2005 that the company is likely to be merged with Reliance Industries Ltd., the merger ratio being four shares of IPCL for one share of Reliance Industries Ltd. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Indian Petrochemicals Corpn. Ltd. has vide its letter inter-alia stated " We categorically deny that there is any proposal for merger of IPCL with Re

Clarification of News : The media had reports that the company is likely to be merged with Reliance Industries Ltd., the merger ratio being four shares of IPCL for one share of Reliance Industries Ltd.. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Indian Petrochemicals Corpn. Ltd.