Rajasthan State Industrial Development & Investment Corporation Ltd.

Udyog Bhawan, Tilak Marg, Jaipur - 302 005.

No. FDI/I&A/IDBI/91

July 16, 2007

OFFICE ORDER

Sub: Reduction in Rebate for Timely Payment from 1.5% to 0.5% in case of Real Estate projects

The Board of Directors of the Corporation in its meeting held on 27th June, 2007 has accorded approval for reducing rebate for timely payment from 1.5% to 0.5% to all the existing as well as new term loans sanctioned to Real Estate projects.

This rebate shall be allowed on timely repayment of instalment and payment of interest on scheduled dates.

All other terms and conditions in relation to implementation of the scheme shall remain unchanged.

The above order shall be effective from 16th April, 2007.

Sd/-

( Ajit Singh )

Financial Advisor