RAINCALCIN

Rain Calcining Ltd has informed the Exchange that: "The Certified true copies of the Order of the Hon'ble High Court of Andhra Pradesh approving the Scheme of Arrangement consisting of the following: (a) Transfer of Cement Business from Rain Industries Limited to Rain Commodities Limited with effect from July 1, 2006. (b) Amalgamation of the Company with Rain Commodities Limited with effect from April 1, 2007; and (c) Transfer of Calcined Petroleum Coke (CPC) and Power Business from Rain Commodities Limited to Rain Industries Limited with effect from April 1, 2007; have been filed with the Reg

Rain Calcining Ltd has informed the Exchange that: "The Board of Directors of the Company at their meeting held on 22nd November, 2007, taken on record the Order Dated 25th October, 2007 of the Hon'ble High Court of Andhra Pradesh approving the Scheme of Arrangement consisting of the following: (a) Transfer of Cement Business from Rain Industries Limited to Rain Commodities Limited with effect from July 1, 2006. (b) Amalgamation of the Company with Rain Commodities Limited with effect from April 1, 2007; and c) Transfer of Calcined Petroleum Coke (CPC) and Power Business from Rain Commodities

Rain Calcining Ltd has informed the Exchange that " Rain/CII Holdings Inc, a wholly owned subsidiary of the Company has merged with CII Carbon LLC, USA with effect from 14th August, 2007. Consequent to the said merger, CII Carbon LLC, USA has become a wholly owned subsidiary of the Company".

Rain Calcining Ltd had informed the Exchange regarding the acquisition of CII Carbon, L.L.C. ("CII"). The Company has now informed the Exchange that: "Rain/CII Holdings, Inc., a subsidiary of Rain Calcining Limited ("RCL"), has completed its acquisition of CII for a cash purchase price of approximately US $ 595 million on July 19, 2007 (New York time). The cash purchase price is subject to certain adjustments. With its acquisition of CII, RCL has become the largest manufacturer of calcined petroleum coke in the world".