LAKSHVILAS

Lakshmi Vilas Bank Ltd has informed the Exchange that Shri. V. N. Krishnamurthy, has resigned as Director of the Bank and accepted by Board on August 30, 2005. The company has further informed the Exchange that the Board Co-opted Shri. V. Umashankar and Shri. K. Balaji as Additional Directors at their meeting held on August 30, 2005.

Lakshmi Vilas Bank Ltd has informed the Exchange that the Register of Members and the Share Transfer Books of the Bank will remain closed from September 24, 2005 to September 29, 2005 (both days inclusive) for the following purpose: (1) For the Fully paid up shares, the book closure is for the purpose of the AGM of the Bank, and (2) For the Partly paid up shares, the book closure is for the purpose of AGM and also to determine the names of the shareholders of partly paid shares of the Bank to dispatch the demand notice to remit the allotment money due of Rs.30/- per share (Rs.5/- towards capit

Lakshmi Vilas Bank Ltd has informed the Exchange that the press had reports on August 17, 2005, under the Heading "Interest up on stake sale talk" that a Foreign Bank is aiming to take a strategic stake in Lakshmi Vilas Bank and further talk about negotiations and numbers. In this regard, the Company has strongly denied such baseless and mischievous rumors in as much as the extant Road Map for presence of Foreign Banks in India and guidelines on Ownership and Governance in Private Banks issued by RBI on February 28, 2005, do not permit such acquisition of stake in The Lakshmi Vilas Bank Ltd. b

Lakshmi Vilas Bank Ltd has informed the Exchange that Shri. Ramakant Madhav Nayak appointed as Chairman & Chief Executive Officer of the Bank, as approved by Reserve Bank of India.

Lakshmi Vilas Bank Ltd has informed the Exchange that Shri A. Krishnamoorthy, Chairman and Chief Executive Officer has resigned from Services of the Bank and relieved on April 15, 2005 as approved by RBI vide letter dated April 4, 2005.

Lakshmi Vilas Bank Ltd has informed the Exchange that the Board of Directors at their meeting held on April 15, 2005 has resolved to fix May 06, 2005 as record date for determinig the entitlement of shareholders / beneficial owners of shares who are eligible to receive rights shares to be offered in the ratio of 7:10 (i.e Seven equity shares for every Ten shares) held as on May 06, 2005 at a price of Rs.55/- per share including the premium of Rs.45 per share (payable Rs.25/- on application & Rs.30/- on allotment).

Lakshmi Vilas Bank Ltd has informed the Exchange that Shri C. Krishnakumar, Director has resigned from the BODs of the Bank and accepted by Board at their meeting held on March 31, 2005.

Lakshmi Vilas Bank Ltd has informed the Exchange that Shri C Krishnakumar one of the promoter of Bank has sold 50 shares as on April 01,2005.

Lakshmi Vilas Bank Ltd has informed the Exchange that Shri A. Krishnamoorthy, Chairman and Chief Executive Officer has resigned from services of the Bank and accepted by Board subject to prior approval of Reserve Bank of India u/s 35B of Banking Regulation Act,1949.

Lakshmi Vilas Bank Ltd has informed the Exchange that the press had reports on February 11,2005 under the heading "Foreign Banking Entities Eye Lakshmi Vilas Bank Stake" that a foreign based Bank and foreign govt owned investment Institution have already completed a due diligence of Lakshmi Vilas Bank with the purpose of picking up an equity stake. The bank has further informed that they deny any such due diligence conducted in the bank and that such reports are baseless and mischievous.

Lakshmi Vilas Bank Ltd had issued a press release titled 'Capital Augmentation by The Lakshmi Vilas Bank Ltd'. The company has now informed that they there was an error in the last line of the para 2 which was given as: 'Bank will be garnering an amount of Rs.44.31 crs as addition to the Tier I capital of the bank by this rights issue'. The correct line is as follows: Bank will be garnering an amount of Rs.44.57 crs as addition to the Tier I capital of the bank by this rights issue'.

Lakshmi Vilas Bank Ltd has informed the Exchange that the Bank has proposed to raise Unsecured Redeemable Subordinated Bonds aggregating Rs.30.00 crores through private placement basis for augmenting the Tier-II Capital for improving the Capital Adequacy Ratio and enhancing the long term resources of the Bank and the issue opens from February 02, 2005. The Credit Analysis & Research Ltd (CARE) assigned 'A' rating to the Bond Issue. The salient features of the proposed issue are as under: 1) Issue Size : Rs.30.00 crores. 2) Instrument: Unsecured Redeemable Non-Convertible Subordinated Bonds in

Lakshmi Vilas Bank Ltd has informed the Exchange that the company has issued a press release titled 'Capital augmentation by The Lakshmi Vilas Bank Ltd'. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Lakshmi Vilas Bank Ltd has informed the Exchange that the BODs of the Bank at their meeting held on January 28,2005 have decided to issue/offer equity shares of the Bank at Rs.55/- per share including the premium of Rs.45/- per share to the share holders of the Bank in the ratio of 7:10 (i.e Seven shares for every Ten shares held) on RIGHTS BASIS.

Lakshmi Vilas Bank Ltd has informed the Exchange that the company has received intimation from the Madras Stock Exchange Limited informing withdrawal of admission granted to dealings on the Exchange for the equity shares of the Bank in terms of SEBI (Delisting of Securities) Guidelines, 2003 for voluntary delisting and to remove the quotation for the equity shares of the Bank from the Official list of the Exchange w.e.f. December 02, 2004.

Lakshmi Vilas Bank Ltd has informed the Exchange that the auditors have conducted the limited review of the unaudited financial results for the period ended on September 30, 2004 and found the same to be in order subject to certain observations. The observations are: The bank has withdrawn an amount of Rs.19.25 Crores in respect of the depreciation on securities classified under 'Available For Sale' category, from Investment Fluctuation Reserve (IFR). This amount is credited 'Above the Line' under the head 'Provisions & Contingencies' whereas the RBI norms permit this adjustment 'Below the Lin