FOR THE ATTENTION OF THE SHAREHOLDERS/ BENEFICIAL OWNERS OF THE EQUITY SHARES OF RELIANCE INDUSTRIES LIMITED This is an Addendum to line Public Announcement dated December 28, 2004 (the "PublicAnnouncement") made by Reliance Industries LImIted (RIL) pursuant to the provisions of Regulation B(1) read with Regulation 15(c) of the securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended. 2.Reliance Polyolefins Private Limited, Reliance Aromatics and Petrochemicals Private Limited. Reliance Energy and Project Development Private Limited and Reliance Chemicals Private Limited held equity shares of erstwhile Reliance Petroleum Limited (RPL). Reliance Industries Limited was the promoter of RPL. In RPL, those companies were disclosed as "person acting In concert" with the Promoters. Upon amalgamation of RPL with RIL, these four companies were allotted shares In RIL in terms of the Scheme of Amalgamation. Consequent upon such allotment, these companies hold 4.7% equity stake in the Company. Since then these companies have bean shown as "persons acting in concert" with the Promoters of RIL in the disclosure filed by RIL under Regulation 8 of the SEBI (Substantial Acquislllon of Shares and Takeovers) Regulations, 1997. In this regard a press release Issued by RIL on January 5, 2005 is being reproduced as under for Information: "For the last several weeks, electronic and print media has been used by undisclosed and unnamed sources TO spread totally baseless canards against The company and its Chairman, Mr. Mukesh Ambani. This malicious campaign is designed to tarnish the image of the company and its leadership. The Board of Reliance Industries Ltd., is file proper forum to discuss and decide corporate issues and tendentious planting of stories is intended to cause damage to Reliance Industries Limited. Reliance Industries Ltd. strongly refues the totally baseless insituations that some shares which were acquired by a low compaines on merger of RIl and RPL and were held by them to ensure that their economics appropriated by the Ambani Family Economic benefits of RIL Shares held by these 4 Companies have always been for the benefit of RIL's shareholders, and remain so. This fact has been reiterated by RIL a number of times. As late as in April 2004, the Chairman & Managing Director of RIL, Mr. Mukesh Ambani reaffirmed his endeavour to maximize the benefits flowing born Those shares to the shareholders of RIL. It is, therefore, baseless to allege that there has been any intention of the management of Ril to over the benefits of these assets to the promoters. It is reiterated that the aforesaid compaines Continue To hold 4.7% holding in RIL (for the benefit of RIL's Shareholders) without any change in its holdings."