IOB - Outcome Of AGM

Indian Overseas Bank (IOB) has informed that the members at the 7th Annual General Meeting (AGM) of the Bank held on June 12, 2007, inter alia, have accorded to the following:

1. Adoption of the Audited Balance Sheet of the Bank as at March 31, 2007, Profit and Loss Account for the year ended March 31, 2007, the report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and Auditors Report on the Balance Sheet and Accounts.

2. Declaration of payment of 30% dividend on the paid up equity share capital.