IPCL - Record Date

The Board of Directors of Reliance Industries Ltd (RIL), at its meeting held on September 10, 2007, has fixed October 12, 2007 as the 'Record Date' for the purpose of determining the Shareholders of the Indian Petrochemicals Corporation Ltd (IPCL / the Transferor Company) who will be entitled to receive Equity Shares of the Company in terms of the Scheme of Amalgamation of Indian Petrochemicals Corporation Ltd with Reliance Industries Ltd (the Scheme).

In accordance with the Scheme, the Company will issue and allot fully paid up Equity Shares of Rs 10/- each to the Shareholders of the Transferor Company as on the record date in the ratio of 1 equity share of the Company for every 5 equity shares of the Transferor Company.