Gurgaon, 31 January 2003

ICI India Ltd has today announced a number of changes to the constitution of its Board of Directors.

Ashok Ganguly has decided to retire as Chairman of ICI India with effect from 3 April 2003. Ashok was elected Chairman in August 1996 and has chaired the company through a period of successful restructuring and major change to its portfolio. The Board of ICI India would like to express its appreciation to Ashok for his highly valued contribution and wise counsel through this period of intense change.

Brendan O'Neill, Chief Executive Officer of ICI PLC (UK) said "Being able to call on Ashok Ganguly's international business experience, together with his strategic judgement and passion for innovation has been invaluable to ICI over the last six years. I would like to thank Ashok for all his help and wish him well for the future."

Aditya Narayan, Managing Director of ICI India since August 1996 has decided to resign from his executive role as Managing Director of the company with effect from 1 April 2003. The Board of Directors of ICI India are delighted to announce that Aditya has accepted an appointment as a non-executive Director of ICI India with effect from 3 April 2003 in the casual vacancy caused by the retirement of Ashok Ganguly and also elected him Chairman of the Board of Directors of the company from the same date.

Aditya has worked for ICI for the last 24 years in a number of technical and general management roles across a range of ICI's businesses. He was appointed Managing Director of ICI India in August 1996. Aditya has been instrumental in the execution of the restructuring plan for the company and in the re-organisation of the business portfolio.

The Board of Directors would like to express their gratitude to Aditya for his contribution to the company throughout his long and distinguished career with ICI.

Rajiv Jain has been appointed Managing Director of ICI India, in addition to his current role as Chief Executive Officer of the Paints business of ICI India. He is appointed Managing Director of the company for a period of five years with effect from 1 April 2003 subject to the approval of shareholders at the next general meeting of the company.

Rajiv has been with ICI for nearly 28 years in a variety of finance and general management roles including Chief Operating Officer of the company between 1998 and 2000. The Board expresses its thanks to Rajiv for contribution over many years and wish every success in this new expanded role.

Brendan O'Neill also commented on the changes "I am also very pleased to be able to congratulate Aditya and Rajiv upon their appointments. It is a great credit to ICI India's strength in depth that we have two outstanding and widely experienced people available to fill our most senior roles in India."

For further information:

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