JAIPRAKASH ASSOCIATES LTD. - Clarifies on News item

With reference to the news appeared in Financial Express (June 22,2015) captioned "Heidelberg to buy Jaiprakash Associates' cement unit", Jaiprakash Associates Ltd has Clarified to BSE as under:<BR><BR>"we have not issued any press release on the subject. The news item referred to by you is based on market speculations and the Company does not comment on market speculations.<BR><BR>While on the subject we may add here that, as already announced on various occasions, with a view of enhance the stakeholders' value, the Company has its firm resolve to reduce its overall debt including through disposal of some of its assets/investments.<BR><BR>We would promptly inform you of any event/information that may be having a bearing on the operation/ performance of the Company."