UNITED BANK OF INDIA - Clarifies on News Item

With reference to the news item appearing in a leading web portal titled "Top banking sources confirm IDBI has been asked to merge United Bank into itself" United Bank of India has Clarified to BSE that as on date<br/><br/>" no negotiations are taking place for the merger of the Bank with any other Bank<br/><br/>- they are not aware of any information that has not been announced to the Exchanges which could explain the movement in the trading as mentioned in your letter."