1. The above results were approved by the Board of Directors of the Company at the meeting held on March 19, 2003.

2. The Directors recommend a Dividend of Rs 6 per share (including Rs 1.50 per share as Special Dividend) for the year ended December 31, 2002 as compared to Rs 6/- per share (including Rs 1.50 per share as Special Dividend) for the preceding year ending December 31, 2001.

3. During the year, Kodak Ltd U.K. (the Company s holding company and its parent company), Eastman Kodak Company USA a person Acting in concert, made an open offer to purchase all the equity shares of the Company held by the public at a price of Rs 350 per equity share. As of March 09, 2003, 96.30% of the Company s Equity Share Capital is held by Kodak Ltd, UK.


R S Mani
Managing Director