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Bank of Baroda has informed BSE that:

“We advise that following - 100 - Equity shares have been annulled by our Bank pursuant to the Regulation 35 of Bank of Baroda General (Shares and Meetings) Regulations, 1998 :

- Folio No. BBE000172
- Name : Manmohan Singh Monga
- No. of Shares : 100
- Distt. Nos. : 203554401-203554500.

With the aforesaid annulment of -100- Equity shares, the paid up share capital of the Bank has increased to Rs 364,26,65,000/- (No. of Shares - 36,42,66,500) as on July 17, 08“.

Bank of Baroda has informed BSE that the 12th Annual General Meeting (AGM) of shareholders of the Bank will be held on July 28, 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, Profit and loss Account for the year ended March 31, 2008, 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 year 2007-08.

Bank of Baroda has announced the following Audited Consolidated results year ended March 31, 2008:

The Group has posted a net profit after Minority Interest, Share of Earnings in Associates of Rs 15483.80 million for the year ended March 31, 2008 as compared to Rs 11288.60 million for the year ended March 31, 2007. Total Income has increased from Rs 108128.10 million for the year ended March 31, 2007 to Rs 143066.70 million for the year ended March 31, 2008.

Bank of Baroda has informed BSE that the Government of India, Ministry of Finance, Department of Financial Services, New Delhi vide their notification dated June 10, 2008, in exercise of powers conferred under clause (b) of sub - section (3) of Section 9 of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of clause 3, of the Nationalized Banks (Management and Miscellaneous Provision) Scheme, 1970/1980, has nominated Shri. Amitabh Verma, as a Director representing Government of India on the Board of the Bank with immediate effect and until further orders, vice Shri. G C Chaturvedi.

Accordingly, Shri. G C Chaturvedi, ceases to be Director on the Board of the Bank with immediate effect.

Bank of Baroda has informed BSE that a meeting of the Board of Directors of the Bank will be held on June 14, 2008, inter alia, to consider, Approve and take on records the Audited Financial Results (Consolidated) of the Bank for the Year Ended March 31, 2008 together with relevant segment reporting.

Bank of Baroda has announced the following Audited results for the quarter & year ended March 31, 2008:

The results for the Quarter ended March 31, 2008

The Bank has posted a net profit of Rs 2764.40 million for the quarter ended March 31, 2008 as compared to Rs 2456.60 million for the quarter ended March 31, 2007. Total Income has increased from Rs 30698.00 million for the quarter ended March 31, 2007 to Rs 38857.00 million for the quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008

The Bank has posted a net profit of Rs 14355.20 million for the year ended March 31, 2008 as compared to Rs 10264.70 million for the year ended March 31, 2007. Total Income has increased from Rs 103858.80 million for the year ended March 31, 2007 to Rs 138645.10 million for the year ended March 31, 2008.

Bank of Baroda has informed BSE that a meeting of the Board of Directors of the Bank will be held on May 20, 2008, inter alia, to consider the following businesses :

1. To Consider, Approve and take on records the Audited Financial Results (Solo) of the Bank for the Quarter / Full Year Ended March 31, 2008 together with relevant segment reporting.

2. To Recommend Dividend for the Financial Year 2007-08, if any.

Bank of Baroda has informed BSE that Government of India (GOI) vide notification dated May 07, 2008 issued pursuant to powers conferred on the Central Government under section (9)(3)(a) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, has appointed Shri. M D Mallya, as Chairman and Managing Director of the Bank from the date of his taking charge of the post and till November 30, 2012 i.e. his date of superannuation or until further orders, whichever is earlier.

Shri. Mallya has taken charge as Chairman and Managing Director of the Bank on May 07, 2008.

Bank of Baroda has informed BSE that Dr. Anil K Khandelwal, Chairman and Managing Director, Bank of Baroda ceased to be the Director on the Board of the Bank w.e.f. April 01, 2008, pursuant to the expiry of term of his appointment on attaining superannuation.

Dr. Khandelwal was appointed as Chairman and Managing Director of the Bank up to March 31, 2008, vide Government of India (GOI) notification dated March 01, 2005 issued pursuant to powers conferred on the Central Government under section (9) (3)(a) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

With reference to the earlier announcement dated November 19, 2007 regarding Bank of Baroda, Andhra Bank and Legal & General Group of UK as foreign partner signing an MOU for forming a Joint Venture for entering in to Life Insurance Business with 44%, 30% & 26% shareholding respectively, Bank of Baroda has informed BSE that three parties on March 04, 2008 have signed the Shareholders’ Agreement for the Joint Venture.