Merrill Lynch International 30 January 2006 The 'Stabilisation Notice' announcement for Merrill Lynch International released on 30 January 2006 at 07:00 under RNS No 5755X has been re-released to facilitate onward transmission by third party vendors. The announcement is unchanged and is reproduced in full below. 30th January 2006 The London Stock Exchange 10 Paternoster Square London, EC4M 7LS Dear Sirs The Federal Bank Limited - Offering of 20,000,000 Global Depositary Receipts (the "Global Depositary Receipts") including an Over Allotment Option of 2,000,000 Global Depositary Receipts (the "Global Allotment Option") Stabilisation Notice Pursuant to Core Dealing Rule 3060-3061, Merrill Lynch International hereby notifies the London Stock Exchange that it and its affiliates may stabilise the offering of the Global Depositary Receipts of the Federal Bank Limited: 1. Security to be stabilised: Global Depositary Receipts of The Federal Bank Limited; 2. Security Identifier: ISIN: XS0229331755 (Master Regulation S GDR) US3131621092 (Master Rule 144A GDR) 3. Stabilising Manager: Merrill Lynch International 4. Stabilisation period commences: 30 January 2006 at approximately 8 am London time; 5. Stabilisation period ends: Close of business on 2 March, 2006; 6. Offer price: $3.97 per Global Depositary Receipt; and 7. Over-allotment option is equivalent to 11.11% of the offering. Yours faithfully This information is provided by RNS The company news service from the London Stock Exchange