Enam Securities Pvt Ltd (”Manager to the Offer”) on behalf of Cimpor Inversiones, S.A. (”Acquirer”) has issued this Public Announcement (”PA”) to the shareholders of Shree Digvijay Cement Company Ltd (”Target Company”), pursuant to Regulation 10 and 12, in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the “Regulations”).

The Offer

The Acquirer is making an offer to the shareholders (other than the parties to the Share Purchase Agreement (SPA)) of Target Company to acquire 28,274,856 issued and paid-up Equity shares of Rs 10/- each of Target Company (Equity Shares), representing 20% of the outstanding voting equity share capital of the Target company, at a price of Rs 42.50/- per fully paid-up Equity share (the “Offer price”) payable in cash in terms of regulation 20 & 21 of the Regulations (the “Offer” or “Open Offer”).

Schedule of Activities:

Specified Date - December 14, 2007

Date of Opening of the Offer - January 30, 2008

Date of Closing of the Offer - February 18, 2008