NIPPONDENR

Members of the Exchange are hereby informed that the trading in equity shares of Ispat Industries Ltd. shall be suspended w.e.f. December 08, 2005 (i.e. closing hours of trading on December 07, 2005) on account of Scheme of Reconstruction and Amalgamation.

Clarification of News : The press had reports on August 16, 2005 that a unit of Ispat Industries Limited, 'Global Steel Holdings Limited', has taken over Bulgaria's largest steel mill, Kremikovtzi. 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. Ispat Industries Limited has vide its letter inter-alia stated, "We wish to inform you that M/s Global Steel Holdings Limited is not a unit of our Company and our Company

Clarification of News : The press had reports that a unit of Ispat Industries Limited, 'Global Steel Holdings Limited', has taken over Bulgaria's largest steel mill, Kremikovtzi. 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. Reply is awaited from Ispat Industries Limited

News Verification : The press had reports on May 07, 2005 that Ispat Industries Limited has signed an agreement to buy 54.68% of Turkish steelmaker Izmir Demir Celik Sanayii AS. 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. Ispat Industries Limited has vide its letter inter-alia stated, "We wish to clarify that our Company has not signed any agreement to buy 54.68% of Turkish steelmaker, namely, "Izmir Demir Celi

News Verification : The press had reports May 07, 2005 that Ispat Industries Limited has signed an agreement to buy 54.68% of Turkish steelmaker Izmir Demir Celik Sanayii AS. 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. Reply is awaited from Ispat Industries Limited.