June 22, 2015

Press Release No. 1

News about Jaiprakash Associates Limited and Heidelberg Cement India Limited

The media had reports that "Heidelberg to buy JP's cement unit.”

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Jaiprakash Associates Limited has vide its letter inter-alia stated, “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. While on the subject we may add here that, as already announced on various occasions, with a view of enhance the stakeholder's value, the Company has its firm resolve to reduce its overall debt including through disposal of some of its assets/investments."

Heidelberg Cement India Limited has vide its letter inter-alia stated, “There are no such proposals at the moment."

Press Release No. 2

Clarification by Jai Balaji Industries Limited

Significant price movement has been observed in Jai Balaji Industries Limited

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Jai Balaji Industries Limited has vide its letter inter-alia stated, "There are no announcements / information that are pending for intimation to the exchanges under Clause 36 of the Listing Agreement which may have a bearing on the operation or performance of the Company in the recent past. We further assure you that the Company will make timely disclosure in accordance with regulatory requirements, in the event of any development that requires disclosure."