ICICI Bank Ltd has announced that the Board of Directors of the Bank and the Board of Directors of The Sangli Bank Ltd (Sangli Bank) at their respective meetings held on December 11, 2006, have approved an all-stock amalgamation of Sangli Bank with the Bank. The amalgamation is subject to the approval of the shareholders of the Bank and Sangli Bank, Reserve Bank of India and such other approvals as may be required. Deloitte Haskins & Sells, Chartered Accountants, the independent valuers appointed jointly by the Bank and Sangli Bank, have recommended a share exchange ratio of 100 shares of the Bank for 925 shares of Sangli Bank. The proposed amalgamation would result in issuance of approximately additional 3.45 million shares of the Bank, equivalent to about 0.4% of its existing issued equity share capital. The proposed amalgamation is expected to be beneficial to the shareholders of both entities. The Bank will seek to leverage Sangli Bank's network of over 190 branches and existing customer and employee base across urban and rural centres in the rollout of its rural and small enterprise banking operations, which are key focus areas for the Bank. The amalgamation would also supplement the Bank's urban distribution network. The amalgamation would enable shareholders of Sangli Bank to participate in the growth of the Bank's strong domestic and international franchise. The amalgamation will also provide new opportunities to Sangli Bank's employees, and give its customers access to the Bank's multi-channel network and wide range of products and services. ICICI Bank Ltd has announced that the Bank at its Extraordinary General Meeting held on January 20, 2007, for seeking the approval of the Shareholders for the Scheme of Amalgamation of The Sangli Bank Ltd (SBL) with the Bank. The Shareholders approved the Scheme of amalgamation unanimously, subject to the approval of Reserve Bank of India (RBI) and such other statutory and regulatory authorities as may be required. The share exchange ratio has been fixed at 100 equity shares of the Bank for every 925 equity shares of SBL. The Bank would be seeking approval of RBI in terms of Section 44A of the Banking Regulation Act, 1949. The Scheme would be effective from the date on which RBI approves the Scheme or such other date, as may be specified by RBI by an order in writing. After RBI accords its sanction to the Scheme of Amalgamation, the Board of Directors of the Bank or a committee thereof would be fixing a Record Date for determining the shareholders of SBL who would be eligible for the shares of the Bank in exchange of the shares of SBL. Subject to the approval of RBI, the Bank is expected to issue 3.46 million equity shares of the face value of Rs 10/- each against SBL's 31.96 million equity shares of the face value of Rs 10/- each. The new shares to be issued would be listed at The Bombay Stock Exchange Ltd and the National Stock Exchange of India Ltd. (As Per BSE Announcement Dated on 22/01/2007) ICICI Bank Ltd has informed BSE that Reserve Bank of India, vide its letter dated April 18, 2007 has approved the Scheme of Amalgamation of The Sangli Bank Ltd with the Bank. The Scheme of Amalgamation shall come into effect from April 19, 2007. (As Per BSE Announcement Website Dated on 19/04/2007) ICICI Bank Ltd has informed BSE that in terms of the Scheme of Amalgamation of The Sangli Bank Ltd with ICICI Bank Ltd approved by Reserve Bank of India effective April 19, 2007, May 19, 2007 has been fixed as the Record Date for the purpose of ascertaining the shareholders of The Sangli Bank Ltd who shall be entitled to the shares of ICICI Bank Ltd in the ratio of 100 equity shares of Rs 10/- each of ICICI Bank Ltd for every 925 equity shares of Rs 10/- each held by them in The Sangli Bank Ltd. (As Per BSE Announcement Website Dated on 03/05/2007) Trading members of the Exchange are hereby informed that the under mentioned new securities of ICICI Bank Limited (Scrip Code: 532174, ISIN No: INE090A01013) are listed and permitted for trading on the Exchange with effect from Wednesday, June 27, 2007. Securities 34,55,008* Equity Shares of Rs.10/- each issued to shareholders of erstwhile The Sangli Bank Ltd. pursuant to the Scheme of Amalgamation of the Bank. Dist. Nos. 899378276 to 902833283 * 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 bank was approved by the Reserve Bank of India vide their Order dated April 18, 2007 b) Effective Date: April 19, 2007. c) Date of Allotment: May 28, 2007. d) Record Date: May 19, 2007 e) Exchange Ratio - For every 925 fully paid up equity shares of Rs.10/- each held in erstwhile The Sangli Bank Ltd, 100 fully paid up equity shares of Rs.10 /- each of ICICI Bank Ltd. have been issued. 3. The bank's financial year ends on 31st March. 4. In case trading members require any clarification on the subject matter of the notice, they may please contact the undersigned on Tel. Nos.22721233/34 Extn. 8571 or 9833146228. (As per BSE Notice dated on 26/06/2007)