Q      Since when and on which Stock Exchanges are ICRA’s Equity Shares listed?

A      ICRA’s Equity Shares have been listed on two Stock Exchanges with effect from
        April 13, 2007:

        1. Bombay Stock Exchange Limited (BSE): [Scrip Code: 532835]
            P.J. Towers
            Dalal Street, Mumbai 400 001
            Tel: +91 22 2272 1234/33
            Fax: +91 22 2272 2082

        2. National Stock Exchange of India Limited (NSE): [Symbol: ICRA]
            Exchange Plaza
            Bandra-Kurla Complex
            Bandra (E), Mumbai 400 051
            Tel: +91 22 2659 8100 to 114 (Board Lines)
            Fax: +91 22 2659 8120
       
Q      What is ICRA’s Share Capital?

A      ICRA’s Authorized Capital is Rs. 150 million. The Issued, Subscribed and Paid-up
        Equity Share Capital of the Company as on March 31, 2008 was Rs. 100 
        million, consisting of 10,000,000 Equity Shares of Rs.10/- each.

Q      When does ICRA’s financial year end?

A      ICRA’s financial year ends on March 31.

Q      How much dividend has ICRA paid during the last three financial year?

A      For the financial year 2007-08     100%
        For the financial year 2006-07     45%
        For the financial year 2005-06     40%
        For the financial year 2004-05     35%
       
Q     Where is ICRA’s Registered office located?

A     The Address of ICRA’s Registered Office and its contact details are as follows:

        ICRA Limited
        1105, Kailash Building, 11th Floor
        26, Kasturba Gandhi Marg
        New Delhi 110 001, India
        Tel: +91 11 2335 7940
        Fax: +91 11 2335 7014
        Website: www.icra.in

Q     Where is ICRA’s Corporate office located?

A     The Address of ICRA’s Corporate Office and its contact details are as follows:

        ICRA Limited 
        Building No. 8, 2nd Floor, Tower A
        DLF Cyber City, Phase II, 
        Gurgaon 122002
        Phone: (+91 124) 4545300
        Fax: (+91 124) 4545350
        Website: www.icra.in

Q     Who should be contacted for any information or assistance on share related 
       matters including dematerialisation/rematerialisation, transfer/transmission of 
       shares, subdivision or consolidation of shares, issue of duplicate share
       certificates, and unclaimed/non-receipt of dividend?

A     Please contact our Registrar and Share Transfer Agent:

       M/s Link Intime India Pvt Limited
         (Formerly  - Intime Spectrum Registry Limited)
       A-40, 2nd Floor, Naraina Industrial Area
       Phase II, Near Batra Banquet Hall
       New Delhi 110 028
       Email: delhi@linkintime.co.in
       Tel: +91 11 4141 0592/93/94
       Fax: +91 11 4141 0591

       Or, ICRA’s Compliance Officer:

      Mr. Vijay Wadhwa
      C.F.O. & Company Secretary
      Building No. 8, 2nd Floor, Tower A
      DLF Cyber City, Phase II
      Gurgaon 122 002, Haryana
      Email: ipo@icraindia.com
      Tel: + 91 124 4545 300
      Fax: + 91 124 4545 350

Q    Who should be contacted for complaints?

A     Our Registrar and Share Transfer Agent, M/s. Link Intime India Pvt Limited
          (Formerly  - Intime Spectrum Registry Limited), or our Compliance Officer,
       Mr. Vijay Wadhwa, at the relevant address as mentioned above.

Q     Who should be contacted for queries relating to ICRA’s Public Offer through
       Offer for Sale of Equity Shares?

A     Our Registrar and Share Transfer Agent at their Registered Office at:
       
       M/s. Link Intime India Pvt Limited
         (Formerly  - Intime Spectrum Registry Limited)
       C-13, Pannalal Silk Mills Compound
       L.B.S. Marg, Bhandup (W)
       Mumbai 400 078
       Email: delhi@linkintime.co.in
       Tel: + 91 22 2596 3838/25960320-27
       Fax: + 91 22 2596 0328/29

       Or, our Compliance Officer, Mr. Vijay Wadhwa, at the relevant address as mentioned 
       earlier.

Q     If the shares are dematerialised, what is the procedure for change of address?

A     Since your records of dematerialised shares are maintained by your Depository 
       Participant (DP), you have to inform your DP of any change in your address. Your DP
       will pass on this information to ICRA and the Registrar whenever any action like
       despatch of Annual Reports or payment of dividend is due to be taken by ICRA.
       Shareholders are advised to keep their address and bank account details
       updated with their respective DPs.

Q    If the shares are held in the physical form, what is the procedure for change of
      address?

A     Please send a written request along with a certified photocopy of any two of the
       following documents: ration card, electricity bill, telephone bill, gas bill, bank pass
       book, passport, voter identity card, and driving licence. The request letter should be
       signed by the first shareholder or by all joint-holders stating the new address along
       with the PIN Code, and should be sent to the Registrar or ICRA (addresses mentioned
       earlier). Please quote your Folio number also.

Q     Can there be multiple addresses for a single Folio?

A     No, there can be only one address for one Folio.

Q     Can joint-holders request a change of address?

A     No, the letter of request will need to have the signature of the first Shareholder or of all 
       Shareholders.