Syndicate Bank has informed BSE that the 9th Annual General Meeting (AGM) of the members of the Company will be held on June 23, 2008, inter alia, to transact the following business:

1. To discuss, approve and adopt, the Balance Sheet of the Bank as at March 31, 2008 and the Profit & Loss Account of the Bank for the year ended on that date, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors’ Report on the Balance Sheet and Accounts.

2. To declare dividend for the financial year 2007-08.

3. To create, offer, issue and allot not exceeding 8,00,00,000 (Eight Crore) Equity Shares (the “Equity Shares”) of face value of Rs 10/- each, in one or more tranches by way of Qualified Institutional Placement (QIP) to the Public Sector Enterprises and Mutual Funds who are Qualified Institutional Buyers in terms of Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 (”SEBI DIP Guidelines”) whether or not such investors are existing members of the Bank, at a price not less than the price as determined in accordance with relevant provisions of SEBI DIP Guidelines and on such terms and conditions as may be deemed appropriate by the Board at its absolute discretion and wherever necessary in consultation with Lead Managers in accordance with the applicable laws, rules, regulations and guidelines prevailing in this regard, subject to necessary provisions & approvals.