Dr Reddys - Allotment of equity shares & ADRs to Employees on exercise of ESOP
Dr Reddys Laboratories Ltd has announced that pursuant to Dr. Reddy’s Employees Stock Option Scheme, 2002, the Compensation Committee of the Company has allotted 2,870 equity shares of Rs 5 each of the Company on May 03, 2008, to Employees who have exercised their Stock Options.

Pursuant to Dr. Reddy’s Employees ADR Stock Option Scheme, 2007, the Compensation
Committee of the Board of Directors of the Company has allotted 17,604 ADRs of Rs 5 each
of the Company on May 03, 2008, to US Employees of the Company who have exercised their
ADR Stock Options.