has considered and approved the following proposal: 1. Demerger of the Investment Business into Mcdowell India Sprits Ltd (MISL): a. Appointed date for the demerger is July 01, 2005. b. In consideration of Demerger, the shareholders of the Company will be issued 1 fully paid up equity share of MISL of Rs 10/- each for every 5 equity shares of Rs 10/- each held by them in the Company. c. The assets of Investment Business of the Company would be transferred subject to subsisting charges and pledges, if any,d. The shares of MISL will be listed on the Bombay Stock Exchange Ltd, National Stock Exchange of India Ltd, Bangalore Stock Exchange Ltd, Madras Stock Exchange Ltd, Delhi Stock Exchange Association Ltd, Calcutta Stock Exchange Association Ltd and The Stock Exchange, Ahmedabad. e. The name of MISL will be changed to McDowell Holdings Ltd. 3) has re-considered and approved the Appointed Date to be April 01, 2005 instead of July 01, 2005 for the Demerger of the Investment Business and Merger of various Companies& Increase of Authorised Share Capital of the Company from Rs 600 million to Rs 1700 million, which would comprise of preference and equity share capital, and the consequential amendments in the Memorandum and Articles of Association of theCompany. (As per BSE Bulletin date dated on 30/09/2005) Mcdowell & Company Limited has informed the Exchange that at the meeting of the Committee of Directors held on October 06,2006, the Demerger Record Date for the purpose of issue of equity shares by McDowell India Spirits Limited (MISL) to the equity shareholders of the Company and the Merger Record Date for the purpose of issue of equity shares / preference shares by the Company to the shareholders of the Transferor Companies has been fixed as October 26,2006 and October 27,2006 respectively. As per the Composite Scheme of Arrangement, the share exchange ratio for the demerger of the Investment Business into MISL and for the amalgamation of the Transferor Companies is as follows: 1) Upon demerger of Investment Business - MISL shall issue and allot 1 (one) equity share of Rs. 10 each fully paid up to the shareholders of Mcdowell & Company Limited (McD), for every 5 (five) equity shares of Rs. 10 each fully paid up, held by them in McD. (As Per NSE Bulletin dated on 09/10/2006) SUB. :- Scheme of Arrangement of McDowell & Company Ltd. (Scrip Code 532432) Trading members of the Exchange are hereby informed that, McDowell & Company Ltd. has fixed the Record Date for the Scheme of Arrangement for demerger of Investment Business of the company. RECORD DATE 26/10/2006 PURPOSE Scheme of Arrangement:- Demerger of Investment Business of the company into McDowell India Spirits Limited (MISL). Upon this scheme becoming effective, MISL shall issue and allot to every member of the company ONE equity share of Rs.10/- each fully paid up of MISL for every FIVE equity shares of Rs.10/- each fully paid up held in the company. EX-ENTITLEMENT DATE & SETT. NO. 17/10/2006 DR-141/2006- 2007 The scrip will be No Delivery from 17/10/2006 (DR-141/2006-2007) to 23/10/2006 (DR-146/2006-2007). (As Per BSE Notice Dated on 11/10/2006) Trading Members of the Exchange are hereby informed that the under-mentioned securities of McDowell Holdings Limited (formerly known as McDowell India Sprits Limited) are listed and permitted for trading with effect from Wednesday, May 30, 2007. Name of the Company: McDowell Holdings Limited (MHL) Registered Office: 51, Richmond Road, Bangalore - 560 025 Tel. No. 91 - 080 - 22213258/0705 Fax. No. 91 - 080 - 22272973 Email: riteshshah@ubmail.com Website: www.mcdowellholdings.com Securities:1,21,44,281 equity shares of Rs.10/- each fully paid-up issued pursuant to the scheme of arrangement of the Company. Distinctive numbers:1 - 12144281 Scrip Code:532852 Group:B1 Group Market Lot:1 Share Face Value:Rs.10/- each fully paid Scrip ID on BOLT System: MCDHOLDIN Abbreviated name on BOLT System: MCD HOLDING ISIN No.:INE836H01014 2. Trading Members are requested to note that the Equity Shares in dematerialised form have been credited in the ISIN No INE836H01014. Trades affected in the scrip will be in unit market lot, i.e., one share in the Rolling Settlement. Exit route scheme for small investors announced vide Exchange Notice No. 1302/ 1999 dated April 15, 1999 will be available. 3.The particulars of the Scheme of Arrangement are as mentioned below: a)The Scheme of Arrangement of the Company was approved by the Hon'ble High Court of Karnataka vide its Orders dated June 23, 2006 and July 28, 2006. b)The appointed date: April 1, 2005 c)The Effective date: October 5, 2006 d)Date of Allotment: November 6, 2006 e)Pursuant to the Scheme of Arrangement, the Investment Business of McDowell & Company Ltd. (now known as United Sprits Ltd.) (USL) has been transferred to and vested in McDowell Holdings Ltd. (MHL) as a going concern and in consideration thereof, MHL has allotted 1(One) Equity share of Rs.10/- each fully paid-up for every 5 (five) equity shares of Rs.10/- each held in USL. f)The issued, subscribed and paid-up capital of the Company after the Scheme of Arrangement is Rs.12.14 crores consisting of 1,21,44,281 Equity shares of Rs.10/- each. 4. As per Exchange Notice No. 20061011-36 dated October 11, 2006, the transferor company viz. USL has fixed October 26, 2006, as the `Record Date', for giving effect to the Scheme of Arrangement and accordingly dealing in the equity shares of USL was done on Ex entitlement basis w.e.f. October 17, 2006. 5. The Information Memorandum containing all the information about the company can be viewed at http://www.bseindia.com/ipo/schema.asp or on the CompanyÆs Website on www.mcdowellholdings.com. 6. The share transfer documents should be sent to the registrar of the company at the address mentioned below: Alpha Systems Private Ltd. Unit: McDowell Holdings Limited 30, Ramana Residency, 4th Cross, Sampige Road, Malleswaram, Bangalore - 560 003 Phone nos: 080 23460815 to 23460818 Fax no: 080 23460819 E-mail: alfint@vsnl.com 7.The Company's Financial Year ends on 31st March. (As Per BSE Notice Dated on 28/05/2007)