City Union Bank Board Of Directors Exercise Options - Dec 08, 2008

City Union Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on December 06, 2008, being the Grant Date made a grant of 2,25,00,000 (Two Crores and Twenty Five lakhs only) stock options in aggregate under series 1 to the employees of the Bank in accordance with the provisions of the Securities and Exchange Board of India (Employees Stock Option Scheme and Employee Stock Purchase Scheme), Guidelines, 1999. Exercise period in respect of above Stock Options is mentioned below:

1. Vesting (%): 15%
- Exercise Period from December 07, 2009 to December 06, 2012
2. Vesting (%): 15%
- Exercise Period from December 06, 2010 to December 05, 2013
3. Vesting (%): 15%
- Exercise Period from December 05, 2011 to December 04, 2014
4. Vesting (%): 25%
- Exercise Period from December 04, 2012 to December 03, 2015
5. Vesting (%): 30%
- Exercise Period from December 03, 2013 to December 02, 2016.