ITCHOTEL

Members of the Exchange are hereby informed that the trading in equity shares of ITC Hotels Ltd shall be suspended w.e.f April 08, 2005 (i.e. closing hours of trading on April 07, 2005) on account of Scheme of Amalgamation of ITC Hotels Ltd. with ITC Limited.

Clarification of News : The press had reports on November 27, 2003 that ITC may merge ITC Hotels Limited with itself. 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. ITC Hotels Limited has vide its letter inter-alia stated, "In this context, we write to advise you that the company has no such proposal before the Board of Directors of the Company. We assure you that as and when such matters are considered by the