National Stock Exchange of India Ltd.
Exchange Plaza
Plot No. C/1, G Block
Bandra - Kurla Complex
Bandra (E)
Mumbai - 400 051
Phone No. 2659 8100-8114
Fax No.: 2659 8237-38

Kind Attn.: Mr. Hari K, Manager (Listing)

Dear Sir,

In compliance with Clause 20 and other applicable provisions of the Listing Agreement we hereby inform you that the Board of Directors at their meeting held on 10.02.05 have:

a) approved payment of arrears of Preference dividend on 10% Cumulative Redeemable Preference Shares of the Company, payable from the date of allotment i.e. 19.07.2003 to 31.03.04. 

b) Declared an Interim Dividend of 30% on the paid up equity capital of the Company to be arrived at after giving effect to the Scheme of Arrangement and Amalgamation between the Company, Jindal Iron & Steel Co. Ltd. (JISCO) and Jindal South West Holdings Ltd. (JSWHL) and their respective members and creditors and such dividend would be paid to those members whose name would appear in the Register of Members on the Record Date fixed for the purpose. 

c) Fixed 28.02.05 as the Record Date for the above two purposes.

This is for the information of your members and all concerned.

Thanking You.

Yours faithfully,
for JINDAL VIJAYANAGAR STEEL LTD.,


R P Raichur
Vice President (Secretarial)
& Company Secretary