Statement re SBICAP Securities Ltd

Ref. No: CC/S&B/VKJ/756

LISTING AGREEMENT: CLAUSE 36SBICAP SECURITIES LTD. (SSL)TAKE OVER AS A DIRECT SUBSIDIARY OF SBI We refer to our letter no. CO/S&B/SKT/2008/3327 dated 11.12.2008 vide which we had advised approval for takeover of SBICAP Securities Ltd. by the State Bank of India(SBI) from SBI Capital Markets Ltd.(SBICAP) to make it a direct subsidiary of SBI. Further, it has now been decided that SSL may continue to function as a subsidiary of SBICAP for better synergies. Thus, the earlier proposal of taking over SSL as a direct subsidiary of SBI stands withdrawn

(M.M.Pathak) General Manager