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Dena Bank has informed BSE that in exercise of the powers conferred by Clause (h) of sub-section and (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 / 1980 read with sub-clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central Government, vide notification dated June 10, 2008 has nominated Dr. Tarsem Chand in place of Shri. R L Banerjee as a Director, on the Board of Dena Bank with immediate effect and until further orders.

Dena Bank has informed BSE that the 12th Annual General Meeting (AGM) of the members of the Bank will be held on July 12, 2008, inter alia, to transact the following business:

1. To discuss, approve and adopt the Balance Sheet as at March 31, 2008 and Profit & Loss Account 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 on Equity Shares for the financial year 2007-2008.

Dena Bank has informed BSE that the Lower Tier II Bonds Series V of the Bank which matures for redemption on April 23, 2008.

Payment of redemption proceeds of the Bonds will be made to the Bondholder(s) whose name(s) appear(s) as registered Bondholder(s) on the records of the Bank on the Date of Redemption.

All Bondholders holding the Bond(s) in Physical form are advised to duly discharge the bond(s) and lodge the same for redemption purpose.

The Bonds will be redeemed at par along with the interest from April 01, 2008 to April 22, 2008 and all interest on the Bonds will cease from the date of Redemption in all events.

Dena Bank has informed BSE that the Bank has raised Lower Tier II Bonds (Series IX) Capital funds to augment long term resources of the Bank and to meet its future Capital Adequacy Ratio requirements in the nature of Debentures on Private Placement Basis for an amount of Rs 100.00 crores plus Green shoe option. The Bonds are carrying a coupon of 9.25% p.a. payable annually and are redeemable after 122 months from the deemed date of allotment. CRISIL has assigned “AA-”(pronounced as “AA- with stable outlook) and FITCH Ratings has assigned ‘A+(ind) National Rating to the Lower Tier II Bonds program of the Bank. The issue was over subscribed by Rs 6 crore aggregating to Rs 106 crore. The Bank excised the Green shoe option and retained the over subscribed amount.