Jaiprakash Associates merges its companies into a Single Entitiy

Jaiprakash Associates informed the market that on December 22nd 2008 they have approved the amalgamation of Jaypee Cement Ltd (JCL), Gujarat Anjan Cement Ltd (GACL), Jaypee Hotels Ltd (JHL) and Jaiprakash Enterprises Ltd (JEL), (the Transferor Companies) with Jaiprakash Associates Ltd (the Transferee Company).

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Record Date will be fixed soon and the stocks will be trasfered in the following ratio:

• If you have 10 JCL you will get 1 Jaiprakash Associates of Rs. 2 each.
• If you have 11 GACL you will get 1 Jaiprakash Associates of Rs. 2 each.
• If you have 1 JHL you will get 1 Jaiprakash Associates of Rs. 2 each.
• If you have 1 JEL you will get 1 Jaiprakash Associates of Rs. 2 each.