Pursuant to the approval given by the Board in its meeting held on 23 Dec 2003 for the divestment of Nitrocellulose and Trading Businesses, ICI India had sought shareholders' approval through Postal Ballot. The process was completed with Hon'ble Justice G N Ray, Former Judge, Supreme Court of India, as Scrutinizer.

The result of the postal ballot was announced today 6 February 2004 at Kolkata. An intimation in this regard has also been sent to the Stock Exchanges.

The shareholders have approved the resolution by an overwhelming majority of 99.94% of the votes polled.

For further information:

R Guha
Tel: +91 124 2540810
Fax: +91 124 2540839
E mail: r_guha@ici.com