Updates on Open Offer

Centrum Capital Ltd ("Manager to the Offer"), for and on behalf of Shree Global Tradefin Ltd ("Acquirer") & Trump Investments Ltd ("Person Acting in Concert" or "PAC") has issued this Second Corrigendum to the Public Announcement & the Letter of Offer ("Second Corrigendum") to the Equity Shareholders of Lloyds Steel Industries Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated on October 25, 2010, the Letter of Offer dated February 24, 2011 ("Letter of Offer") and the Corrigendum to the PA dated February 24, 2011 ("First Corrigendum"), pursuant to and in compliance with Regulation 10 and Regulation 11(1) and other provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations").

The Equity Shareholders of the Target Company are requested to note the following development/amendment with respect to and in connection with the PA, the Letter of Offer and the First Corrigendum.

The Board of Industrial and Financial Reconstruction ("BIFR") has appointed Shri B. L. Khanna as a Special Director on the Board of the Target Company with effect from February 04, 2011 in terms of the directions issued by BIFR vide its letter dated February 04, 2011 (received by the Company on March 02, 2011) under section 16 (4) of the Sick Industrial Companies (Special Provisions) Act, 1985.

Paragraph 9 under Section V regarding information on the Target Company of the PA and the table provided at paragraph 16 on page 26 of the Letter of Offer providing details on the Board of Target Company stands modified to this effect.

Terms used but not defined in this Second Corrigendum shall have the same meaning as assigned in the PA, the Letter of Offer and First Corrigendum.

Source : BSE - >www.bseindia.com

Published on March 10, 2011


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