1. During the three months ended March 31, 2009, the Bank has not allotted any equity shares.

2. Provision for current period tax includes Rs 4.98 crore towards provision for fringe benefit tax for the three months ended March 31, 2009 (Rs 34.20 crore for the year ended March 31, 2009).

3. RBI vide its circular DBOD.No.BP.BC.90/20.06.001/2006-07 dated April 27, 2007 had advised banks having operational presence outside India to compute capital adequacy ratio (CAR) as per the revised capital adequacy framework (Basel II) effective March 31, 2008.

4. ICICI Bank UK PLC, a subsidiary of the Bank, has reclassified certain investments from the ‘held for trading’ category to the ´available for sale´ category and from ‘available for sale’ category to ‘loans and receivables’ category, in accordance with amendments made to the applicable accounting standards in October 2008. If these reclassifications had not been made, ICICI Bank UK’s pre-tax profit would have been lower by USD 58.5 million (Rs 268.77 crore) and unrealised losses, as deducted from reserves (pre-tax), on ‘available for sale’ securities would have increased by USD 10.5 million (Rs 53.26 crore).

5. The Board of Directors has recommended a dividend of Rs. 11.00 per equity share for the year ended March 31, 2009 (previous year dividend Rs 11.00 per equity share). The declaration and payment of dividend is subject to requisite approvals. The Board of Directors has also recommended a dividend of Rs. 100 per preference share on 350 preference shares of the face value of Rs. 1 crore each for the year ended March 31, 2009.

6. Previous period / year figures have been regrouped / reclassified where necessary to conform to current period/year classification.

7. The above financial results have been approved by the Board of Directors at its meeting held on April 25, 2009.

9. The above unconsolidated and consolidated financial results are audited by the statutory auditors, B S R & Co., Chartered Accountants.

Chanda D. Kochhar
Joint Managing Director & CFO