LIC Housing Finance EGM to issue shares to QIBs

With reference to the earlier announcement dated October 23, 2007, LIC Housing Finance Ltd has informed that the Board of Directors of the Company vide Circular Resolution dated November 03, 2007 has advised to evaluate the possibility of issue of equity shares / warrants through preferential allotment to promoters / investors in addition to the earlier option of issue of equity shares on Qualified Institutional Placements basis.

In view of above, the Board of Directors of the Company in the said Circular Resolution have decided to reschedule the Extra Ordinary General Meeting which was earlier scheduled to be held on November 30, 2007.

The revised date of the Extra Ordinary General Meeting will be intimated after the same has been decided by the Board of Directors of the Company.