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UTI Bank Limited (UTI)

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Friday 27 July, 2007

UTI Bank Limited

Issue of Equity

UTI Bank Limited
27 July 2007




 ALLOTMENT OF EQUITY SHARES REPRESENTING THE UNDERLYING SHARES IN THE FORM OF
      GLOBAL DEPOSITARY RECEIPTS (GDRs) AND EQUITY SHARES UNDER QUALIFIED
 INSTITUTIONAL PLACEMENT (QIP) TO INVESTORS AND PREFERENTIAL ISSUE OF SHARES TO
                          INDIAN FINANCIAL INSTITUTIONS



UTI Bank has today made allotment of the following:

 1. 2,82,64,934 equity shares @ Rs. 620/- per share inclusive of premium of Rs.
    610/- per share by way of Qualified Institutional Placement (QIP) to QIBs.

 2. 1,41,32,466 Global Depositary Receipts (GDRs), each GDR representing one (1)
    underlying fully paid up equity share @ Rs. 620/- per share inclusive of
    premium of Rs. 610/- per share to investors.

 3. 3,06,95,129 equity shares to six institutions, namely The Administrator of
    the Specified Undertaking of the Unit Trust of India (SUUTI), LIC, GIC, New
    India Assurance, Oriental Insurance and United India Insurance @ Rs. 620/-
    per share inclusive of premium of Rs. 610/- per share.




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