Statement re Amalgamation

28 Dec 2005 10:59

Reliance Energy Ld28 December 2005 28th December, 2005 The London Stock ExchangeCompany Announcement OfficeLondon EC2N 1HPUnited KingdomTelephone: 0044-20-7588-6057Facsimile: 00-171-797-3043 /1569 Dear Sir, Sub: Board Meeting to consider amalgamation of Reliance Energy Ventures Limitedwith the Company We wish to inform you that a meeting of the Board of Directors of RelianceEnergy Limited (the "Company") will be held on Tuesday, the 3rd January, 2006,inter alia, to consider a proposal for the amalgamation of Reliance EnergyVentures Limited (RCVL) with the Company pursuant to a scheme of amalgamationunder Section 391-394 of the Companies Act, 1956. The aforesaid amalgamation, if approved by the Board, shall be subject to allrequisite permissions, sanctions and approvals, including in particular theapproval by the shareholders of both the companies. We shall inform you the decision of the Board after conclusion of the meeting. Kindly inform your members accordingly. Yours faithfully,For Reliance Energy Limited Ramesh ShenoyCompany Secretary c.c. : National Securities Depository Ltd.,Central Depository Services (India) Ltd., This information is provided by RNS The company news service from the London Stock Exchange