Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 12 May 2000 Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal I. Outright Transactions A. Government of India Dated Securities Contract Date : May 08, 2000 12.69% 2002 5 105.835 9.4281 11.83% 2014 20 107.94 10.7376 Contract Date : May 10, 2000 Zero Coupon Bond 2000(III) 10 98.618 8.1125 Zero Coupon Bond 2000(III) 5

Date of Auction :May 12, 2000I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:17 Amount:Rs.136.00 crore (b) Non-competitive bids Number:1 Amount:Rs.150.00 crore III.Cut-off price:Rs.99.72 IV.Competitive bids accepted Number:11 Amount:Rs.100.00 crore V.Partial Allotment Percentage:94.74 (4 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.150.00 crore (b)Partial Allotment Percentage:N.A VIII.Weighte

Date of Auction : May 12, 2000 I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:16 Amount:Rs.161.50 crore (b) Non-competitive bids Number:0 Amount:NIL III.Cut-off price:Rs.98.04 IV.Competitive bids accepted Number:7 Amount:Rs.80.00 crore V.Partial Allotment Percentage:NA VI.Devolvement on RBI:Rs.20.00 crore VII.Non-competitive bids accepted (a) Number:0 Amount:NIL (b)Partial Allotment Percentage:NAP.V. Sadanandan Asstt. Manager Press Rel

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : May 05, 2000 12.69 % 2002 25.00 105.70 9.5111 Contract Date : May 06, 2000 12.69 % 2002 10.00 105.75 9.4808 12.69 % 2002 10.00 105.77 9.4701 12.69 %

The Government of India has announced auction of 11.10 per cent Government Stock, 2003 & 11.68 per cent Government Stock, 2006 for an aggregate amount of Rs. 2,500 crore each (nominal).The auctions will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Monday, May 15, 2000. Bids, in the prescribed form obtainable form Regional Director, RBI, Public Debt Office, Fort, Mumbai should be submitted on Monday, May 15, 2000 during banki

Date of Auction : May 10, 2000 I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.158.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.95.91 IV.Competitive bids accepted Number:13 Amount:Rs.100.00 crore V.Partial Allotment Percentage:85.96 (4 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:NA VIII.Weighted Average Price:95.92P.

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : May 03, 2000 6.00 % 2002 0.15 103.25 # Contract Date : May 05, 2000 11.83 % 2003 25.00 106.10 9.5602 9.90 % 2005 15.00 100.36 9.8046 Contract Date :

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities 12.14 % 2000 5.00 100.225 8.3144 11.64 % 2000 5.00 100.565 8.8715 11.40 % 2000 10.00 100.87 9.0670 11.40 % 2000 5.00 100.89 9.0155 11.40 % 2000 5.00 100.89 9.0155 11

The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.100 crore. The auction will be conducted using "Uniform Price Auction" method. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank.Tenders should be submitted in the prescribed form on Friday, May 12, 2000 before 1430 hours. The results will be announced the same evening. Payment by succes

The Reserve Bank of India has announced the auction of 14 day Government of India treasury bills for a notified amount of Rs.100 crore. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank.Tenders should be submitted in the prescribed form on Friday, May 12, 2000 before 1430 hours. The results will be announced the same evening. Payment by successful bidders will be on Monday, May 15, 2000.P. V. Sadanandan Asstt.