Gujarat NRE Coke Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 18, 2008, inter alia, has approved the following:

1. The Board has recommended payment of Final Dividend @ 25% for the year 2007-08 subject to approval of members.

2. The Board has recommended an issue of Bonus Shares subject to the approval of members, at the rate of 2 Shares for every 5 Shares held at the record date to be fixed by the Board.

3. The agenda item on Rights issue was deferred by the Board.

Further the Company has also inform that the Register of Members & Share Transfer Books of the Company will remain closed from September 08, 2008 to September 17, 2008(both days inclusive) for the purpose of payment of final dividend & 21st Annual General Meeting (AGM) of the Company to be held on September 17, 2008.