PRISM CEMENT LTD. - Updates

With reference to the earlier announcement dated September 19, 2013 regarding sale of shares of Norcros Plc by Lifestyle Investments Pvt Limited (LIPL), the Companys wholly-owned foreign subsidiary, Prism Cement Ltd has now informed BSE that the number of shares should read as 145,707,247 shares. The revised announcement should read as under :<br/><br/>"Lifestyle Investments Pvt Limited (LIPL), the Companys wholly-owned foreign subsidiary, has sold its present holding of 145,707,247 shares in Norcros Plc, a Company listed on the London Stock Exchange for a net consideration of GBP 26.55 million. Post the sale, LIPL does not hold any shares of Norcros Plc. LIPL's capital gain on this transaction would be approx. GBP 12.8 million."