Delisting of Securities of Philips India Ltd.

This is to inform that the securities of Philips India Ltd. (Scrip Code No.500560) will be struck-off (delisted) from the list of Officially Quoted Securities with effect from Monday, 16th February, 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. Koninklijke Philips Electronics N. V.)

The Acquirer has agreed to provide an exit option to the existing shareholders (including the shareholders of Philips Glass India Ltd. and Punjab Anand Lamp India Ltd. to whom the shares are allotted pursuant to the Scheme of Amalgamation) at the rate of Rs.105/- 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 under-mentioned address of the registrar of the company:

Sharepro Services,
       Satam Estate, 3rd floor,
        Cardinal Gracious Road,
      Above Bank of Baroda,
    Chakala, Andheri (E),
Mumbai-400 099.

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.