Jaiprakash Associates Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2008, inter alia, has recommended final Dividend of Re 0.40 per share (20%) amounting to Rs 46.86 Crores (excluding Dividend Distribution Tax of Rs 7.96 Crores) in addition to two interim Dividends of Re 0.30 per share of Rs 2 each (15%) and Re 0.30 per share (15%) paid in August, 2007 and February 2008 in respect of Financial Year ended March 31, 2008. Thus the total Dividend for the year ended March 31, 2008 would be 50% aggregating 114.61 Crores, excluding aggregate dividend tax of Rs 19.48 Crores.