Bank of Rajasthan - EGM on Jan 11, 2008

Bank of Rajasthan Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 11, 2008, inter alia, to transact the following business:

1. To create, offer, issue and allot shares / Warrants, as its sole discretion to the following entities:

1. Category : FII

Name of the proposed allottees : Glasia Mauritius II Ltd., (Avenue Capital Group)

No of Equity Shares / Warrants : 65,00,000 Shares

Offer Price per equity shares / warrants ## : Rs 200/-

2. Category : FII

Name of the proposed allottees : BNP Paribas S.A

No of Equity Shares / Warrants : 70,00,000 Shares

Offer Price per equity shares / warrants ## : Rs 200/-

3. Category : FII

Name of the proposed allottees : Shree Naman Developers Ltd

No of Equity Shares / Warrants : 35,00,000 Shares

Offer Price per equity shares / warrants ## : Rs 202/-

4. Category : FII

Name of the proposed allottees : Darashaw & Company Pvt Ltd

No of Equity Shares / Warrants : 65,00,000 Shares

Offer Price per equity shares / warrants ## : Rs 202/-

## or the minimum issue price calculated in accordance with chapter XII of Guidelines for preferential Issue of the SEBI (DIP) Guidelines, 2000 whichever is higher for cash on a preferential basis. The warrants issue will be converted into Equity Shares within 18 months from the date of issue at a price of Rs 202/- or a price calculated at the time of issue of warrants in accordance with clause 13.1.1.1 of chapter XII of the SEBI (DIP) Guidelines, 2000, whichever is higher for cash, on a preferential basis.

2. To increase the ceiling limit on total holding of Foreign Institutional Investors (The FIIs) in the Equity Share Capital of the Bank or debentures or any other instrument convertible into shares of the Bank, from existing 24% to 49% of the paid up Equity Capital of the Bank as may be applicable.