PRISM CEMENT LTD. - Sale of Shares

Prism Cement Ltd has informed BSE that Prism Trust has sold its entire holding of 1,23,51,600 equity shares held in the Company. The Company is the beneficiary of the Trust. The Prism Trust, which was formed in March 2010, was created after the merger of erstwhile H. and R. Johnson (India) Limited and erstwhile RMC Readymix (India) Private Limited with the Company. The Trust will realise approximately Rs. 88 crores, at an average price of about Rs. 71.50 per share.