Madras Cements Ltd (Target Company) has informed BSE about the Following:

The Target Company has issued this Corrigendum to the Public Announcement, which is in continuation of and should be read in conjunction with the Public Announcement (”PA”) dated February 11, 2008, pursuant to and in compliance with the provisions of Regulation 8(1) read with Regulation 15(c) of SEBI (Buy Back of Securities) Regulations, 1998, (”the Buy Back Regulations”). The shareholders of Target Company may please note the following:

1. The proposed time table at point 2 of the PA stands revised as follows:

Board Meeting approving “The Buy-back” - January 31, 2008

Date of Public Notice in Compliance with Regulation 5A - February 02, 2008

Date of Public Announcement - February 11, 2008

Date of Opening of the Buyback - February 29, 2008*

Acceptance of Shares - Within 15 days of the relevant payout dates of the Stock Exchanges.

Extinguishment of Shares - Within 7 days of acceptance as above.

Last Date for completion of the Buyback inclusive of payment obligations - January 30, 2009 or when Target Company completes Buy-back to the extent of Rs 6447.26 lacs or such earlier date as may be decided by the Board of Directors at any time (by giving appropriate notice of such earlier date, if any), whichever is earlier.

* Instead of February 18, 2008 as proposed in the PA.

2. The disclosure at point 10 of the PA regarding issue of bonus shares by the Company stands modified as follows “The Company shall not issue any fresh shares including by way of bonus till the date of closure of this Buyback”.

Terms used but not defined in this corrigendum to the PA shall have the same meaning as assigned in the PA.