LAKSHMI VILAS BANK LTD. - Update On Non-Binding Offer Received By The Bank.

Further to the process of considering and evaluating the proposed amalgamation with M/s. Clix Capital Services Private Limited ("Clix Capital"), M/s. Clix Finance India Private Limited ("Clix Finance") and M/s. Clix Housing Finance Private Limited ("Clix Housing") (collectively, the "Clix Group"), we are glad to inform that, the Bank has received an indicative non-binding offer from Clix Group.<BR> <BR> The Bank will continue to share information on material developments as and when they materialize.<BR>