EPS is Basic & Diluted


1. The value of consumption of raw materials represents green leaf purchased from estates not belonging to the Company. As the production of Green Leaf (raw material consumed by the Company for the manufacture of tea) from the Company`s own estates involves integrated process having various stages such as nursery, planting, cultivation etc,. their values at the intermediate stage could not be ascertained.

2. The name of the Company has been changed from George Williamson (Assam) Ltd to Williamson Tea Assam Ltd
3. The Company is engaged in the business of cultivation, manufacture and sale of tea, which is seasonal in character and the results for the three quarters should not be construed as being representative of the likely result of the whole Year hence provision for taxation (both deferred and current) cannot be reasonably estimated and considered in the foregoing quarterly results. The same has been provided at the end of the financial year and reflected in the results of the last quarter as well.

4. Figures for the previous period have been rearranged and regrouped wherever necessary.

5. The directors recommend a Dividend of 40% (i.e. Rs 4 per share) on the 14175000 fully paid up Equity Shares of Rs 10 each of the Company. The Cash outflow on account of Dividend will be Rs 56.700 million and tax on distributable profits will be Rs 7.952 million.

6. The Board of Directors of the Company has approved a Scheme of Amalgamation of Nilpur Tea Company Pvt Ltd., the wholly owned subsidiary with the Company with effect from April 01, 2005 and steps are being taken to obtain necessary approvals of the Courts and shareholders to make the Scheme effective.

7. The foregoing statement has been taken on record by the Board of directors of the Company at its meeting held on May 27, 2005.

P K Gangulee
Wholetime Director