Redemption of Preference Shares (Unlisted)

We write to inform you that, the redemption of 5,000,000,000 Rated Cumulative Redeemable Preference Shares (Unlisted) amounting to Rupees Five Billion (Rs. 5.0Bn), which were issued pursuant to the Agreement entered into on 23 October 2007 by the Company with the participating investors, including banks and financial institutions, was fully completed by the Company on 31 May 2012 in accordance with the provisions of the said Agreement.