This is to inform that the securities of Liberty Oil Mills Ltd. (Scrip Code No. 519232) will be struck-off (delisted) from the list of Officially Quoted Securities with effect from Monday, the 18th November, 2002 , pursuant to the compliance with Clause
21(3)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 by the Acquirers (i.e.Liberty Investments Pvt. Ltd. and Mr.Parvez Hamza Kader).

The Acquirers have agreed to provide an exit option to the existing shareholders at Rs.30/- 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 undermentioned address:

Liberty Investments Pvt. Ltd.
Amerchand Mansion, 'D' Wing,
16, Madame Cama Road,
Colaba, Mumbai 400 001.

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 13, 2002