Delisting of Securities of Indian Aluminium Company Ltd

This is to inform that the securities of Indian Aluminium Company Ltd. (Scrip Code No.500445 and 904560) will be struck-off (delisted) from the list of Officially Quoted Securities with effect from Thursday, 8th April, 2004 pursuant to the compliance with Clause 21(3)(a) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 by the Acquirer (i.e. Hindalco Industries Ltd.)

The Acquirer has agreed to provide an exit option to the existing shareholders at Rs.120/- 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 the any of the following address:

MCS Ltd.,
Sri Venkatesh Bhavan Plot No.27,
Road No.11, MIDC, Andheri (E),
Mumbai 400 093.

OR

MCS Ltd.,
C/o. Ghia Textiles Products Co.
5, Agra Building, 1st Floor,
University Branch, 121, M.G. Road,
Fort, Mumbai-400 001.

OR

MCS Ltd.
77/2A, Hazra Road,
3rd and 5th floor,
Kolkata-700 029.

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.

(Dr. Bandi Ram Prasad)
Chief Economist & Chief General Manager