PUNJABTRAC

Members of the Exchange are hereby informed that the trading in equity shares of Punjab Tractors Ltd. shall be suspended w.e.f. February 25, 2009 (i.e. closing hours of trading on February 24, 2009) on account of Scheme of Amalgamation of Punjab Tractors Ltd. with Mahindra & Mahindra Ltd.

News Verification : The media had reports on December 23, 2006 that UK-based private equity firm Actis may offload its stake in Punjab Tractors 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. Punjab Tractors Ltd. has vide its letter inter-alia stated, "The Company has no knowledge of Actis's actions or decision making."

Clarification of News : The press had reports on May 27, 2005 that Punjab Tractors Limited has agreed to offload its 15% stake in Swaraj Mazda Limited to Japan's Sumitomo Corporation. 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. Punjab Tractors Ltd. (PTL) has vide its letter inter-alia stated, "As informed, the PTL Board decided to respond favourably to Sumitomo's request to PTL for agreeing to sell to Sumitomo

Clarification of News : The press had reports that Punjab Tractors Limited has agreed to offload its 15% stake in Swaraj Mazda Limited to Japan's Sumitomo Corporation. 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 Punjab Tractors Limited.