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MEDIA RELEASE

Rescheduling of Settlement Activities on Friday, January 25, 2008

In view of the proposed bank strike on Friday, January 25, 2008, there will be no pay-in /pay-out activities for settlements of Cash Segment and Derivatives Segment on Friday, January 25, 2008.

However, the trading on Friday, January 25, 2008, will continue as usual.

The details of the revised settlement schedule will be issued separately.

Kalyan S. Bose,
Head - Corporate Affairs
January 24, 2008

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