200512 - Quarter 3

Tax indicate Provision for Fringe Benefit Tax

EPS is Basic and Diluted

Status of Investor Complaints for the quarter ended December 31,
2005

Complaints Pending at the beginning of the quarter Nil

Complaints Received during the quarter 43

Complaints disposed off during the quarter 37

Complaints unresolved at the end of the quarter 06


1. The name of the Company has been changed from George Williamson
(Assam) Ltd to Williamson Tea
Assam Ltd.

2. The Value of consumption of raw materials represents only green
leaf purchased from third
parties. As production of Green Leaf (raw materials consumed by the
Company for 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 is not ascertainable.

3. Stock of tea as on December 31, 2005 has been valued at lower of
estimated cost of production
{based on estimated production and expenditure for the financial
year) and net realisable value.
Production of tea not being uniform throughout the year,
stock-valuation will be unrealistic if it
is based on actual production and expenditure up to December 31,
2005. The effect of any variance
from actual cost applicable to total valuation is not readily
ascertainable. The aforesaid method
of stock-valuation is consistent with accounting policy followed by
the Company for the purpose of
quarterly results in the past.

4. As the company is engaged in business of cultivation, manufacture
and sale of tea, which is
seasonal in character, figures for the period ended December 31, 2005
should not be constructed as
representatives of likely result for year ending March 31, 2006.

The ultimate income tax liability including deferred taxation will
depend on result for the year
ending March 31, 2006 and accordingly can only be determined at end
of the year.

5. Other income includes Rs 13.10 million on account of profit on
sale (net) of real estates for
the nine months ended December 31, 2005.

6. Pursuant to an agreement dated June 16, 2005 entered into by
Mcleod Russel India Ltd (MRIL),
Kolkata with Williamson Tea Holdings plc, UK (WTH), MRIL has acquired
100% shares in Borelli Tea
Holdings Ltd, UK, which is subsidiary of WTH, owning 70% of the total
paid-up capital of Williamson
Tea Assam Ltd (WTA). Consequent upon the aforesaid acquisition, WTA
has become a subsidiary Company
of MRIL and at the meeting of WTA held on July 13, 2005 the Board of
Directors of WTA has been
reconstituted.

7. The scheme of amalgamation with Nilpur Tea Company Pvt Ltd
(Nilpur), effective from April 01,
2005 (appointed date) was approved by the shareholders of the Company
on August 13, 2005 and
subsequently by the Hon’ble High Courts at Calcutta and Guwahati vide
orders dated September 14,
2005 and September 30, 2005 respectively. The said scheme has been
given effect to in the books of
accounts of the Company resulting in all assets and liabilities of
Nilpur as at March 31, 2005
being transferred to and recorded at book value. The value of
investments held by the Company in
Nilpur have first been adjusted against capital and net reserves of
Nilpur and the balance against
the revaluation reserve. The results of the Company for the nine
months ended December 31, 2005
includes the working results of Nilpur.

8. The Board of Directors in its meeting dated November 09, 2005 has
approved the scheme of
amalgamation of the Company with MRIL. Pursuant to the aforesaid
scheme, which is subject to
necessary approvals, each shareholder of WTA on the record date will
be entitled to get 3 shares of
Rs 5 each in MRIL for each share of Rs 10 held in the Company. The
Company is in the process of
submitting necessary applications for approvals to the High Courts at
Calcutta and Guwahati.

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

10. The above results were reviewed by the audit committee and taken
on record by the Board of
Directors of the Company at their meeting held on January 31, 2006
and have been subjected to a
limited review by auditors of the Company.

K K Baheti
Director