RNS Number:3608U
SIEL Ld
10 April 2002


Letter to Company Announcements Office
April 4, 2002

Sub : Disclosures of Shareholding in the Company under Regulation 8(3) of 
      Securities and Exchange Board of India (Substantial Acquisition of Shares 
      and Takeovers) Regulation, 1997.

As required under regulation 8(3) of the Securities and Exchange Board of India 
(Substantial Acquisition of Shares and Takeovers) Regulations, 1997, we hereby 
confirm shareholding of persons who hold more than 15% of shares in the Company 
as on 31.3.2002 as given below :-


NAME                                NO. OF SHARES                %
 
Bank of New York                       63,67,570               15.43
 as Depository for GDR Holders
 
Letter from Siel Limited


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