October 23, 2013

Press Release No. 1

News about Jaiprakash Power Ventures Limited

The media had reports that "Jaiprakash in talks to sell power plants".

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 Power Ventures Limited has vide its letter inter-alia stated, "as per the publicly announced

policy of Jaypee Group, we are committed to unlock and enhance the shareholders' value, inter-alia, by reduction of debt through various options including, if necessary, by sale of sale of some of its

undertakings. We wish to reiterate that this is a continuous exercise and, as and when any such transaction materializes, we shall make appropriate announcement through the Stock Exchanges in the terms of Clause 36 of the Listing Agreement."