Reliance Energy Ld 28 December 2005 28th December, 2005 The London Stock Exchange Company Announcement Office London EC2N 1HP United Kingdom Telephone: 0044-20-7588-6057 Facsimile: 00-171-797-3043 /1569 Dear Sir, Sub: Board Meeting to consider amalgamation of Reliance Energy Ventures Limited with the Company We wish to inform you that a meeting of the Board of Directors of Reliance Energy Limited (the "Company") will be held on Tuesday, the 3rd January, 2006, inter alia, to consider a proposal for the amalgamation of Reliance Energy Ventures Limited (RCVL) with the Company pursuant to a scheme of amalgamation under Section 391-394 of the Companies Act, 1956. The aforesaid amalgamation, if approved by the Board, shall be subject to all requisite permissions, sanctions and approvals, including in particular the approval by the shareholders of both the companies. We shall inform you the decision of the Board after conclusion of the meeting. Kindly inform your members accordingly. Yours faithfully, For Reliance Energy Limited Ramesh Shenoy Company Secretary c.c. : National Securities Depository Ltd., Central Depository Services (India) Ltd., This information is provided by RNS The company news service from the London Stock Exchange