RANEBRAKE

Rane Holdings Limited has informed the Exchange that at the final hearing held on December 20, 2007, the Hon'ble High Court of Madras have sanctioned the composite Scheme of Demerger, Merger and Amalgamation between Rane Engine Valves Limited (REVL), Rane Brake Linings Limited (RBL), Techcons Limited (Techcons), Rane Brake Products Limited (RBPL) and Rane Holdings Limited (RHL) ("Scheme"). In terms of the Scheme, each member of the transferor companies viz., REVL & RBL whose name is recorded in the register of members as on the record date would be allotted shares in the following manner: i) 1

Rane Brake Linings Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on May 24, 2007, have not recommended any further dividend. The Board of Directors have decided to close the books of the company commencing from July 21, 2007 to July 25, 2007 (both days inclusive) in connection with the Annual General Meeting of the Company to be held on July 25, 2007.

Rane Brake Linings Limited has informed the Exchange that "the Board has fixed January 30, 2007 (Tuesday) as the record date for ascertaining the shareholders entitled for the proposed interim dividend. The interim dividend that may be declared will be paid on and from February 05, 2007."

Rane Brake Linings Limited has informed the Exchange that the record date for ascertaining the shareholders entitled for interim dividend has been fixed as February 08, 2006.