This is to inform that the securities of Centak Chemicals Ltd. (now known as Akzo Nobel Chemicals (India) Ltd. (Scrip Code No.500082) will be struck-off (delisted) from the list of Officially Quoted Securities with effect from Friday, the 8th November, 2002 pursuant to the compliance with Clause 21(3)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 1997 by the Acquirer i.e. Akzo Nobel Chemical International B.V.

The Acquirers have agreed to provide an exit option to the existing shareholders at Rs.200/- per share at any time during one year from the date of delisting. The shareholders who desire to opt for the exit option will have to send their shares to either of the undermentioned addresses:

Centak Chemicals Ltd., (now known as Akzo Nobel Chemicals (India) Ltd.) 401, 4th floor, Century Arcade, Narangi Baug Road, Pune 411 001.

MCS Ltd., Unit: Centak Chemicals Ltd., 116/118, Akshay Complex, Off. Dhole Patil Road, Pune 411 001.

The company has also agreed to resolve investor complaints (if any) pending and received hereafter for a period of one year from the date of delisting to the satisfaction of the Exchange.

November 02, 2002