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              DSP Merrill Lynch Ltd ("Manager to the Offer") on behalf of Shriram Holdings Madras Pvt Ltd ("Acquirer") along with Shriram Financial Services Holdings Pvt Ltd, Newbridge India Investment II Ltd, Newbridge India Investment III Ltd, Newbridge Asia IV, L.P. & Southern Pine Pte Ltd (together "Person Acting in Concerts" / "PACs"), has issued this Revised Public Announcement to the shareholders of Shriram Transport Finance Company Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated February 08, 2006, pursuant to and in compliance with, the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("SEBI Takeover Regulations"), the shareholders of the target Company are requested to kindly note the following:
Revised Schedule of the Major Activities of the Offer:
--------------------------------------------------------------------------------------------- Item Original Schedule Revised Schedule --------------------------------------------------------------------------------------------- Specified Date February 24, 2006 February 24, 2006 Date of Opening of the Offer March 22, 2006 September 11, 2006 Date of Closing of the Offer April 10, 2006 September 30, 2006 ---------------------------------------------------------------------------------------------