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Bank of Rajasthan Ltd has informed BSE that the Bank has received three notices u/s 257 of the Companies Act, 1956 from three shareholders proposing appointment of following persons as directors of the Bank in the forthcoming Annual General Meeting of the Bank scheduled to be held on August 02, 2008 :

1. Name of proposed Director : Nitin Narotamdas Goel
- Name of shareholder - Satish R Pusalkar

2. Name of proposed Director : Dharinder Kumar Taual
- Name of shareholder - Sanjay Gadade

3. Name of proposed Director : Salil Kapoor
- Name of shareholder - Vijay Sawant

Bank of Rajasthan Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on May 31, 2008, inter alia, has recommended a dividend @ 5% on equity shares for the year 2007-2008.

Further, the Board has recommended issuing Bonus Shares in the ratio of One equity shares for every Five equity shares held to the existing shareholders who hold the shares on the record date.

Bank of Rajasthan Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 30, 2008, have approved pursuant to Section 94(1)(e) and other applicable provisions of the Companies Act, 1956, diminution in the authorized share capital of the Company from Rs 300 crores divided into 30,00,00,000 ordinary shares of Rs 10/- each to Rs 265 crores divided into 26,50,00,000 ordinary shares of Rs 10/- each by canceling 3,50,00,000 ordinary shares of Rs 10/- each until this date have not been taken or agreed to be taken by any person.

Bank of Rajasthan Ltd has informed BSE that the meeting of the Board of Directors of the Bank which is scheduled to be held on May 31, 2008, inter alia, to consider the Audited Financial Results for the Quarter & year ended on March 31, 2008, in the said meeting the Board of Directors may consider the recommendation of dividend and proposal of issue of Bonus shares, if any.

Bank of Rajasthan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2008 and subject to the consent of the members of the Company and any other statutory authorities as may be required, the authorized share capital of the Company be diminished by Rs 35 crore from Rs 300 Crore divided into 30,00,00,000 equity shares of Rs 10/- each to Rs 265 Crore divided into 26,50,00,000 ordinary shares of Rs 10/- each which until this date have not been taken or agreed to be taken by any person.

Bank of Rajasthan Ltd has informed BSE that a meeting of the Board of Directors of the Bank will be held on May 31, 2008, inter alia, to consider the Audited Financial
Results for the Quarter and Year ended on March 31, 2008.

Further the Bank has informed that, one of the agenda item may be to recommend the dividend on equity shares for the financial year 2007-2008 in the meeting to be held on May 31, 2008.

With reference to the earlier announcement dated April 21, 2008 regarding Board to recommend Dividend, Bank of Rajasthan Ltd has now informed BSE that audited financial results for the quarter and year ended on March 31, 2008 will not be placed before the Board of Directors in its meeting scheduled to be held April 29, 2008.

Accordingly, the Board of Directors in its meeting to be held on April 29, 2008 will also not consider to recommend the dividend on equity shares for the financial year 2007-2008.

Bank of Rajasthan Ltd has informed BSE that the following Directors of the Bank have ceased to be Director of the Bank w.e.f. March 24, 2008 after completion of tenure of
eight years.

1. Shri. A N Chakrabarti

2. Shri. P P Kapoor

3. Shri. Anil A Rao.

Bank of Rajasthan Ltd has informed BSE that the Board of Directors in its meeting held on January 23, 2008 co-opted Shri. S B Mathur as an additional Director on the Board of the Bank subject to approval of Reserve Bank of India.

Reserve Bank of India vide letter dated March 04, 2008 (received by the Bank on March 11, 2008) accorded its approval of appointment of Shri. S B Mathur as Additional Director on the Board of the Bank.

Further the Bank has informed that, Shri. S B Mathur has been appointed as an Additional Director on the Board of the Bank w.e.f. March 04, 2008.

Bank of Rajasthan Ltd has informed BSE that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

“‘Other Income’ includes Rs 15 crores (Rs 9.90 crores net of tax) being amount realized from an insurance company which is not as per with AS-9, prescribed by ICAI, resulting in higher profits to that extent”.