Disclosures regarding Hybrid Perpetual Securities.

From Notes to Accounts [Note 9(c)]

The Company has raised Rs.1,500 crores through the issue of Hybrid Perpetual Securities in March 2011. These securities are perpetual in nature with no maturity or redemption and are callable only at the option of the Company. The distribution on the securities, which may be deferred at the option of the Company under certain circumstances, is set at 11.80% p.a., with a step-up provision if the securities are not called after 10 years. As these securities are perpetual in nature and ranked senior only to share capital of the Company, these are not classified as ‘debt’ and the distribution on such securities amounting to Rs.4.54 crores (net of tax) not considered in ‘Net Finance Charges’.

Extract from Profit and Loss Account

Profit after Taxes            6,865.69          5,046.80

Distribution on Hybrid Perpetual Securities (net of tax Rs.2.25 crores (2009-10 nil) 4.54 — 6,681.15                        5,046.80

Balance brought             12,772.65          9,496.70
forward from last year

Extract from Balance       46,944.63        36,961.80
Sheet Total Shareholders’ Funds 

Hybrid Perpetual Securities [See Note 9(c) —] 1,500.00 —

Loans                               xxxx                xxxx