Shaw Wallace & Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 28, 2007 has considered and approved the following proposal: 1. Merger of Shaw Wallace & Company Ltd (the Company) and Primo Distributors Pvt Ltd ('Primo') with United Spirits Ltd (USL) a. The Appointed Date for the merger will be April 1, 2007. b. In respect of merger of the Company, USL shall allot shares in the following ratio: (i). 4 fully paid up equity share of Rs 10 each for every 17 equity shares of Rs 10 each held in the Company. The share exchange ratio has been determined based on the recommendation of two independent Valuers viz,, M/s. Dalal & Shah, Chartered Accountants and Grant Thornton India Pvt Ltd. The Scheme is subject to requisite consent, approval of the requisite majority of the shareholders, lenders, creditors of the companies, the Hon'ble High Courts of Bombay, Karnataka and Calcutta, the permission or approval of the Central Government or any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme. United Spirits Ltd has informed BSE that the equity shareholders, secured creditors and the unsecured creditors of the Company at their separate Court Convened Meetings held on April 11, 2008, have approved the Scheme of Amalgamation of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with United Spirits Ltd ('the Scheme'), with requisite majority. (As per BSE Announcement Website dated on 15/04/2008) United Spirits Ltd has informed BSE that the Scheme of Amalgamation of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with the Company ('the Scheme') has been sanctioned by the Hon'ble High Court of Karnataka at Bangalore on May 29, 2008, in relation to the company petition filed by the Company. The Scheme is now pending sanction of the Hon'ble High Court of Calcutta and Hon'ble High Court of Bombay in respect of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd respectively. (As per BSE Announcement Website dated on 06/06/2008) United Spirits Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Amalgamation of Shaw Wallace & Company Ltd ('SWC') and Primo Distributors Pvt Ltd ('Primo') with United Spirits Ltd ('the Scheme') on July 18, 2008 in so far it relates to the amalgamation of Primo with the Company. The Scheme has already been sanctioned by the Hon'ble High Court of Karnataka at Bangalore vide Order dated the May 29, 2008. The Scheme is now pending sanction of the Hon'ble High Court at Calcutta. (As Per BSE Announcement Website Dated on 21.07.2008) With reference to the earlier announcement dated August 05, 2008 regarding the extension of time up to November 30, 2008 granted by the Registrar of Companies-Karnataka, Bangalore for holding the Annual General Meeting of the Company, United Spirits Ltd has informed BSE that as informed earlier, while the Hon'ble High Courts of Karnataka at Bangalore and the Hon'ble High Court of Judicature of Bombay has sanctioned the Scheme of Amalgamation (the Scheme) for amalgamation of Shaw Wallace & Company Ltd ('SWC') and Primo Distributors Pvt. Ltd ('Primo') with the Company, similar sanction at the Hon'ble High Court of Calcutta is awaited. (As Per BSE Announcement Website dated on 16.10.2008) United Spirits Ltd has informed BSE that the Hon'ble High Court at Calcutta on January 16, 2009 has sanctioned the Scheme of Amalgamation in relation to amalgamation of Shaw Wallace & Company Ltd with the Company. As the Hon'ble High Courts of Karnataka at Bangalore and the Hon'ble High Court of Judicature of Bombay have already sanctioned the Scheme of Amalgamation of Shaw Wallace & Company Ltd and Primo Distributors Pvt. Ltd with the Company vide their Orders dated May 29, 2008 and July 18, 2008, respectively. With this, the Company have received all the necessary Court approvals. (As Per BSE Announcement Dated on 16/01/2009) United Spirits Ltd has informed BSE that as informed earlier vide letter dated January 16, 2009, the Scheme of Amalgamation of Shaw Wallace & Company Ltd ('SWC') and Primo Distributors Pvt Ltd ('Primo') with United Spirits Ltd ('USL') has been sanctioned by the Hon'ble High Court of Karnataka at Bangalore, the Hon'ble High Court of Judicature at Bombay and the Hon'ble High Court at Calcutta on May 29, 2008, July 18, 2008 and January 16, 2009, respectively. Certified copies of the Orders of the Hon'ble High Court of Karnataka at Bangalore, the Hon'ble High Court of Judicature at Bombay and the Hon'ble High Court at Calcutta have been filed by the Company, Primo and SWC with the respective Registrar of Companies. The Scheme has, therefore, become effective from July 06, 2009. Accordingly, the amalgamation of SWC and Primo with USL takes effect from April 01, 2007, being the Appointed Date. Primo, the Transferor Company stands dissolved without winding up. (As Per BSE Announcement Dated on 06/07/2009) United Spirits Ltd has informed BSE that as per the Scheme of Amalgamation between Shaw Wallace & Company Ltd (SWC), Primo Distributors Pvt Ltd (Primo) and United Spirits Ltd (USL), the share exchange ratio for the merger of Shaw Wallace & Company Ltd into the company is as follows : - 4 (Four) fully paid up Equity Shares of the face value of Rs 10/- (Rupees Ten only) each in USL for every 17 (Seventeen) fully paid up equity shares of the face value of Rs 10/- (Rupees Ten only) each held in SWC. As Prima has been a wholly owned subsidiary of the Company no consideration shall be payable pursuant to the amalgamation of Primo into the Company. (As Per BSE Announcement Dated on 07/07/2009) United Spirits Ltd has informed BSE that pursuant to the Scheme of Amalgamation between Shaw Wallace & Company Ltd (SWC), Primo Distributors Pvt Ltd (Primo) and United Spirits Ltd (Scheme) sanctioned by the Hon'ble High Courts of Karnataka, Bombay and Calcutta, the Committee of Directors of the Company, at their meeting held on July 24, 2009, has allotted 7,749,121 equity shares of Rs 10/- each, fully paid-up, to the equity shareholders of SWC, in terms of the exchange ratio mentioned in the Scheme. Post-allotment, the paid up share capital at the Company stands increased to Rs 1,079,123,770/- divided into 107,912,377 equity shares of Rs 10/- each, fully paid up, from the existing paid up share capitol of Rs 1,001,632,560/- divided into 100,163,256 equity shares of Rs 10/- each, fully paid up. In terms of the Scheme, the equity shares of Primo Distributors Private Ltd stood cancelled without any exchange of equity shares of the Company as the entire paid up equity share capital of Primo Distributors Private Ltd was held by the Company. (As Per BSE Announcement Website dated on 24.07.2009)