JINDVIJSTL

Members of the Exchange are hereby informed that the trading in equity shares of Jindal Vijayanagar Steel Ltd. shall be suspended w.e.f February 21, 2005 (i.e. closing hours of trading on February 18, 2005) on account of Scheme of Arrangement and Amalgamation between Jindal Vijayanagar Steel Ltd. and Jindal Iron & Steel Company Ltd.

Clarification of News : The press had reports on April 15, 2004 that the promoters of Jindal Vijayanagar Steel Ltd. have pledged shares to seek CDR nod. 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. Jindal Vijayanagar Steel Limited has vide its letter inter-alia stated, "Corporate Debt Restructuring Cell (CDR) vide their letter Ref.No.CDR/591, dated 24.2.2003, accorded their approval of the financial restructuri