L & T FINANCE NCD DETAILS

Investment Details

Options I II III IV Interest Payment Quarterly Semi - annual Cummulative Semi - annual Min Application (Rs) Rs 10,000 /- (Retail) Rs 10,100 /- (HNI) Rs 10,000 /- (Retail) Rs 10,100 /- (HNI) Rs 10,000 /- (Retail) Rs 10,100 /- (HNI) Rs 10,000 /- (Retail) Rs 10,100 /- (HNI) Face Value Rs 1,000 /- Rs 1,000 /- Rs 1,000 /- Rs 1,000 /- Multiples Rs 1,000 /- Rs 1,000 /- Rs 1,000 /- Rs 1,000 /- Coupon Rate 9.51% p.a. 9.62% p.a 9.95% Compounded annually 10.24% p.a Yield on Redemption 9.85% 9.85% 9.95% 10.50% Tenure 60 months 60 months 88 months 120 months Redemption Date / Maturity Period 60 months from the deemed date of allotment. 60 months from the deemed date of allotment. 88 months from the deemed date of allotment. 120 months from the deemed date of allotment. Redemption Amount Face value plus any interest that may have accrued payable on redemption. Face value plus any interest that may have accrued payable on redemption. Rs.2,005/- per NCD Face value plus any interest that may have accrued payable on redemption.

Issue: 50,00,000 NCDs of Rs.1,000/- each aggregating to Rs.500 Crores with an option to retain over-subscription upto Rs.500 Crores for issuance of additional NCDs, aggregating upto a total of Rs.1,000 Crores.

Stock Exchanges proposed for listing: NSE. Issuance and trading In Demat form only. Depository NSDL and CDSL. Rating(s) CARE AA+ by CARE and LAA+ by ICRA.

Issue Schedule – 18th August’09 – 4th September’09 Deemed Date of Allotment Deemed date of allotment shall be the date of issue of the letter of allotment. Min. Application Money Rs. 10,000 and in multiples of Re. 1,000 thereafter. Interest Payment Quarterly Option, Semi-annual Option, Cumulative Option, Semi-annual Option. Tenor 60 months, 91 months, 120 months respectively. RECOMMENDATION:- APPLY