Date of Auction :April 20, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:27 Amount:Rs.400.00 crore (b) Non-competitive bids Number:1 Amount:Rs.175.00 crore III.Cut-off price:Rs.98.07 IV.Competitive bids accepted Number:6 Amount:Rs.100.00 crore V.Partial Allotment Percentage:33.33 (1 bid) VI .Devolvement on RBI:NIL VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.175.00 crore (b)Partial Allotment Percentage:N.A.Ajit Prasad

Date of Auction :April 20, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:19 Amount:Rs.310.50 crore (b) Non-competitive bids Number:1 Amount:100 III.Cut-off price:Rs.99.73 IV.Competitive bids accepted Number:10 Amount:Rs.100.00 crore V.Partial Allotment Percentage:44.91 (8 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:100.00 crore (b)Partial Allotment Percentage:N.A. VIII.Weighted Average Pr

--------------------------------------------------------------------------- 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 : April 16, 2001 00016 11.40 % 2008 15.00 108.06 9.8329 00016 11.40 % 2008 10.00 108.06 9.8329 Contract Date : April 17, 2001 98013 11.55 % 2

--------------------------------------------------------------------------- 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 : April 12, 2001 00010 10.95 % 2011 5.00 104.42 10.2348 00010 10.95 % 2011 5.00 104.42 10.2348 Contract Date : April 16, 2001 98013 11.55 % 2

The results of the auction of 15 Year Government Stock held on April 18, 2001 are : Auction Results I.Notified amount: Rs.2000.00 crore II.Bids received (i) Number:184 (ii) Amount:Rs. 8032.50 crore III.Cut-off Yield (coupon rate):10.71 per cent IV.Bids accepted (i) Number:29 (ii) Amount:Rs. 2000.00 crore V.Partial Allotment Percentage:85.77 (12 bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on RBI:Nil VIII.Weigh

The results of the auction of 11.40 per cent Government Stock, 2008 held on April 18, 2001 are : Auction Results I.Notified amount: Rs.4000.00 crore II.Bids received (i) Number:238 (ii) Amount:Rs. 8325.00 crore III.Cut-off Yield (per cent):Rs.108.18 (YTM) (9.8090%) IV.Bids accepted (i) Number:130 (ii) Amount:Rs. 4000.00 crore V.Partial Allotment Percentage:78 (11 bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on

Date of Auction :April 18, 2001I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:51 Amount:Rs.1710.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.91.91 IV.Competitive bids accepted Number:16 Amount:Rs.750.00 crore V.Partial Allotment Percentage:89.27 (6 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:91.9

--------------------------------------------------------------------------- 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 : April 12, 2001 78004 6.50 % 2001 20.00 99.44 9.0513 97011 11.15 % 2002 0.15 102.85 8.9024 94003 12.50 % 2004 5.00 108.52 9.1324 94003 12.50

The results of the auction of State Government Stock Auction held on April 17, 2001 are : Auction Results I.Notified amount: Rs.200.00 crore II.Bids received (i) Number:43 (ii) Amount:Rs. 411.00 crore III.Cut-off Yield:10.53 per cent IV.Bids accepted (i) Number:6 (ii) Amount:Rs. 50.00 crore V.Partial Allotment Percentage:N.A. VI.Devolvement on Primary Dealers:Rs.150.00 crore (in fulfillment of underwriting commitment) VII.Total Amount Accepted:Rs.200.00 crore VIII.Wei

Government of India have announced sale (re-issue) by auction of "11.40 percent Government Stock, 2008" for an aggregate amount of Rs 4,000 crore (nominal). The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Wednesday, April 18, 2001. Bids in the prescribed form obtainable from the Regional Director, RBI, Public Debt Office, Fort, Mumbai should be submitted to that Office on April 18, 2001 during the banking hours. On