ING Vysya Bank Ltd has announced that based on the analysis of bids received from the qualified institutional buyers pursuant to the proposed issue of Equity Shares through qualified institution placement (”QIP”) under Chapter XIII-A of SEBI (Disclosure & Investor Protection) Guidelines 2000 and in consultation with Enam Securities Pvt Ltd, the Lead Manager, the Managing Director and the Chief Financial Officer of the Bank
pursuant to the authority conferred by the Board resolution dated October 06, 2007 have decided the Issue Price for the QIP as Rs 310/- (including a premium of Rs 300/- per Equity Share) per Equity Share of the face value of Rs 10/- each.

Further the Bank has informed that, the QIP issue was closed on November 08, 2007.