The results of the auction of 10 year Government Stock Auction held on June 29, 2001 are : Auction Results I.Notified amount: Rs.4000.00 crore II.Bids received (i) Number:303 (ii) Amount:Rs. 11080.84 crore III.Cut-off Yield:9.39 per cent (Coupon Rate) IV.Bids accepted (i) Number:102 (ii) Amount:Rs. 4000.00 crore V.Partial Allotment Percentage:39.26 (24 Bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on RBI:Nil VI

The results of the auction of 10.45 per cent Government Stock, 2018 held on June 29, 2001 are : Auction Results I.Notified amount: Rs.2000.00 crore II.Bids received (i) Number:223 (ii) Amount:Rs. 5235.954 crore III.Cut-off Price:Rs.105.48 (YTM) (9.7763%)IV.Bids accepted (i) Number:42 (ii) Amount:Rs. 2000.00 crore V.Partial Allotment Percentage:44.44 (4 Bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on RBI:Nil VI

The Reserve Bank of India has announced that the cut-off rate for underwriting by Primary Dealers for the Yield Based auction of 10-Year Government Stock and priced based auction of 10.45% Government Stock, 2018 to be held on June 29, 2001 was 1.00 paise for both.N.L. Rao Asst. ManagerPress Release : 2000-01/1744

--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : June 23, 2001 99006 11.99 % 2009 0.03 106.50 10.7304 00018 11.60 % 2020 20.00 111.84 10.1904 Contract Date : June 25, 2001 00017 11.50 % 20

--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : June 22, 2001 00014 11.30 % 2010 5.00 110.90 9.4820 00017 11.50 % 2011 5.00 112.13 9.6278 Contract Date : June 23, 2001 00016 11.40 % 2008

Date of Auction :June 27, 2001I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:63 Amount:Rs.1996.25 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.92.86 IV.Competitive bids accepted Number:22 Amount:Rs.750.00 crore V.Partial Allotment Percentage:62.93 (4 bids) VI .Devolvement on RBI:NIL VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A. VIII.Weighted Average Price:92.88

Date of Auction :June 27, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:23 Amount:Rs.512.50 crore (b) Non-competitive bids Number:3 Amount:Rs.400.00 crore III.Cut-off price:Rs.98.26 IV.Competitive bids accepted Number:14 Amount:Rs.250.00 crore V.Partial Allotment Percentage:27.78 (3 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:3 Amount:Rs.400.00 crore (b)Partial Allotment Percentage:N.A.N.L. Rao As

--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : June 21, 2001 89009 11.50 % 2009 3.00 110.00 9.6576 Contract Date : June 22, 2001 98013 11.55 % 2001 15.00 100.063 8.9819 98013 11.55 % 200

--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : June 21, 2001 00017 11.50 % 2011 15.00 112.22 9.6154 00012 11.03 % 2012 15.00 109.02 9.6820 Contract Date : June 22, 2001 98013 11.55 % 200

Government of India have announced sale (reissue) by auction of 10.45 percent Government Stock 2018 for an aggregate amount of Rs 2,000 crore (nominal) . The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Friday, June 29, 2001. Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai should be submitted to that office on June 29, 2001 during banking hou