Open Offer Price for Motor Industries (MICO) revised to Rs.4600

Citigroup Global Markets India Pvt Ltd ("Manager to the Offer"), on behalf of Robert Bosch GmbH ("Acquirer") has issued this Public Announcement to the equity shareholders of Motor Industries Company Ltd ("Target Company" ) which is in continuation of & should be read in conjunction with, the Public Announcement ("PA") dated April 27, 2007, Addendum to the PA dated May 31, 2007 and dated June 11, 2007 and the Letter of Offer dated June 09, 2007 ("Letter of Offer"). The equity shareholders of the Target Company are requested to kindly note the following:

Offer Size

1. In accordance with Regulations 26 of the SEBI (SAST) Regulations, the Acquirer can revise the offer price at any time upto seven working days prior to the date of the closure of the Offer i.e. June 27, 2007. The Offer Price is hereby revised by the Acquirer from Rs 4,000/- per share to Rs 4,600 per share ("Revised Offer Price").

2. The Acquirer will pay the Revised Offer Price for all the Shares validly tendered any time during the Offer and accepted under the Offer.

All other terms & conditions of the offer as set out in the Letter of Offer remain unchanged.

Source : Equity Bulls

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