Kolkata, 21 December 2005

The shareholders of ICI India Limited have approved the transfer of Rubber Chemicals business to a joint venture, in terms of the notice dated 8 November 2005 along with the Resolution circulated to all shareholders, by an overwhelming majority of 99.97% of the valid votes polled.

There were 231.88 lacs votes in favour of the resolution and 0.06 lacs votes against it. The polling was done through postal ballot and the result was announced at a meeting on Wednesday 21 December 2005 at the Registered Office of the Company 34 Chowringhee Road, Kolkata 70007.