Container Corporation to issue bonus

Container Corporation of India Ltd has informed that the Board of Directors of the Company at its meeting held on January 30, 2008, inter alia, has transacted the following:

1. Declared an Interim Dividend @ 110% (Rs 11/-) per share for the FY 2007-08.

Further the Company has informed that, February 15, 2008 has been fixed as the Record Date for the purpose of payment of interim dividend.

2. Recommended incorporation of a provision for 'Capitalisation of Profits / Reserves' in the Articles of Association and issue of Bonus Shares in the ratio of 1:1 and increase in Authorised Share Capital from Rs 100 crores to Rs 200 Crores subject to the ratification / approval of shareholders and further approval of Govt. of India as may be required.