HDFC Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on February 25, 2008, has considered the following: Merger of Centurion Bank of Punjab Ltd with HDFC Bank Ltd: Based on the joint valuation report submitted by Ernst & Young Pvt Ltd and M/s. Dalal & Shah, Chartered Accountants, the Board has approved the share swap ratio of 1 (one) equity share of Rs 10/- each of HDFC Bank Ltd for every 29 (twenty nine) equity shares of Re 1/- each held in Centurion Bank of Punjab Ltd. This share swap ratio is subject to due diligence to be conducted in this regard. HDFC Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on February 28, 2008, has approved the following: 1. Merger of Centurion Bank of Punjab Ltd with Bank After considering due diligence findings, the Board reaffirmed the share swap ratio as determined in the joint valuation report dated February 25, 2008 of Ernst & Young Pvt. Ltd and M/s. Dalal & Shah, Chartered Accountants ('Joint Valuation Report') and the issuance of one equity share of Rs. 10/- each of the Bank for every 29 equity shares of Re. 1/- each held in Centurion Bank of Punjab Ltd. The Board approved the draft Scheme of Amalgamation and the Merger Agreement. (As Per BSE Announcement Website Dated on 29/02/2008) HDFC Bank Ltd has informed BSE that the Reserve Bank of India vide its Order dated May 20, 2008, has approved the Scheme of Amalgamation of Centurion Bank of Punjab Ltd with HDFC Bank Ltd. The Scheme of Amalgamation shall come into effect from May 23, 2008. (As per BSE Announcement Website dated on 20/05/2008) HDFC Bank Ltd has informed BSE that Share Allotment Committee of the Bank at its meeting held on June 24, 2008 have allotted 6,98,83,956 equity shares of Rs 10/- each to the shareholders of Centurion Bank of Punjab Ltd pursuant to the share swap ratio of one (1) equity share of Rs 10/- each of HDFC Bank Ltd for every twenty nine (29) equity shares of Rs 1/- each held in Centurion Bank of Punjab Ltd. by them as on the Record Date i.e. June 16, 2008. (As per BSE Announcement Website dated on 24/06/2008) Trading members of the Exchange are hereby informed that the under mentioned new securities of HDFC Bank Limited (Scrip Code: 500180, ISIN No: INE040A01018) are listed and permitted for trading on the Exchange with effect from Friday, July 11, 2008. Securities 6,98,83,956 * Equity Shares of Rs.10/- each issued to shareholders of Centurion Bank of Punjab Limited (CBOP) pursuant to the Scheme of Amalgamation of the Company. Dist. Nos.354732821 to 424616776 *These shares are ranking pari-passu with the old equity shares of the company. 2. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Reserve Bank of India vide its order dated May 20, 2008. b) Appointed Date: April 01, 2008. c) Effective Date: May 23,2008 d) Date of Allotment: June 24, 2008. e) Exchange Ratio - For every 29 fully paid up equity shares of Rs.1/- each held in CBOP, 1 fully paid up equity share of Rs.10 /- each of the company has been issued. 3. As per Exchange Notice No. 20080526-22 dated May 26, 2008, CBOP has fixed 'Record Date' as June 16, 2008, for giving effect to the Scheme and accordingly trading in the equity shares of the said transferor company was stopped w.e.f June 09,2008. 4. The company's financial year ends on March 31, 2009. (As Per BSE Notice Dated on 10.07.2008)