UNIWESTBNK

United Western Bank Ltd has informed the Exchange that the Bank has on August 21, 2006 filed the Draft Letter of Offer of the proposed Rights Issue (to be made in the ratio of 4:5) with Securities and Exchange Board of India (SEBI).

United Western Bank Ltd has informed the Exchange that the Rights Issue of 1,79,32,633 Equity Shares of Rs.10/- each at a premium of Rs.14/- per share (i.e. at a price of Rs.24/- per share) in the ratio of one (1) Equity Share for every two (2) Equity Shares of Rs.10/- each held on the Record Date (January 23, 2006) aggregating Rs.43.04 Crore. The face value of the Equity Share is Rs.10 and the issue price is 2.4 times the face value of the Bank was scheduled for closure on March 11, 2006. In this connection, the Bank has informed that the said Rights Issue of the Bank has been Oversubscribed

United Western Bank Ltd has informed the Exchange that the Company has announced the Book Closure from January 24, 2006 to January 25, 2006 for the purpose of ascertaining entitlement for Issue of Bonus and Rights Shares.

United Western Bank Ltd has informed the Exchange that the High Court has modified its Status-quo order dt. May 15, 2001 and consequently as per the capital raising plan of the bank as approved in the Board meeting dt. April 7, 2005, the meeting of Board of Directors of the Bank held on August 26, 2005, wherein it was decided to issue Bonus and Right Shares as per the details mentioned hereunder :- A) Bonus Ratio :- 1:5 (1 {One} Equity share for every 5 {Five} Equity Shares held) As approved at the EOGM held on August 07, 2000. B) Rights Ratio :- 1:2 (1 {One} Equity Share for every 2 {Two} Equ