Further, the Board has recommended issuing Bonus Shares in the ratio of One equity shares for every Five equity shares held to the existing shareholders who hold the shares on the record date.

Reliance Power, the company with the worlds largest family of shareholders of 4.2 million, has made this announcement in response to several queries from investors and market participants, seeking clarification on the eligibility of shareholders for the purpose of issue of bonus shares.

All shareholders of the Company’s records hold shares as at the end of business hours on June 02, 2008, irrespective of whether such shares were subscribed by the shareholders in the Company’s Initial Public Offering (IPO) or such shares were purchased from the secondary market or otherwise after the IPO, shall be eligible to receive the bonus Shares.

As approved by the shareholders of the Company, Reliance Power will issue Bonus shares in the ratio of three new equity shares of Rs 10 each for every five existing equity shares of Rs 10 each held, to the public shareholders of the Company.

On April 25, 2008, the Company had intimated, the period of book closure being June 03, 2008 to June 05, 2008 for the purpose of determining the eligibility of Shareholders to receive bonus shares of the Company as per the Company’s records as at the end of business hours on June 02, 2008.”

CG Impex Ltd has announced that the Board of Directors of the Company at its meeting held on March 04, 2008, subject to the approval of Shareholders in the General Meeting decided as under:

1. To Increase the Authorized Share Capital of the Company from Rs 6 crores to Rs 10 crores respectively.

2. To Issue Bonus Shares in proportion of 1:2 (i.e. 1 fully paid bonus shares of face value Rs 10 each for every 2 fully paid equity shares of Rs 10 each) held by the Members as on the Record date, by capitalization of an amount of Rs 25570500/- out of the free reserves of the Company as on date.

3. To Fix Extraordinary General Meeting of the Members of the Company on March 29, 2008 for getting approval for increase in authorized share capital of the Company and issue of bonus shares and further to issue notices of EGM to all members of the Company.

1. Recommended special ‘Centenary Dividend’ of 100% on the equity shares of Rs 10/- each i.e. dividend of Rs 10/- (Rupees Ten only) per share, as the Company is entering into its centenary year on November 25, 2007.

2. Re-appointed Mr. J L Deshmukh as Managing Director and Chief Executive Officer of the Company w.e.f. November 25, 2007 for a period of 5 years.

3. Appointed Mr. Chirag C Doshi as Managing Director of the Company w.e.f. November 25, 2007 for a period of 5 years.

Apart from the agenda items, the Board of Directors also considered and decided the following items:

4. Issue of Bonus Shares:

The Board recommended, subject to the approval of shareholders and other necessary regulatory approvals, if any, to issue Bonus Shares in the ratio of 1:1 (one bonus share for one share held).

5. Sub-division of shares:

The Board recommended, subject to the approval of shareholders and other necessary regulatory approvals, if any, to sub-divide the equity shares of the face value of Rs 10/- each into 5 equity shares of Rs 2/- each.

The Board has further decided to convene an Extra Ordinary General Meeting of the members of the Company on December 10, 2007 to seek the consent of the Members on the above issue of Bonus shares.