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Shriram Transport Finance Company Limited (STFC), India's largest player in commercial vehicle finance, was established in the

year 1979. The company has a network of 479 branches and service centres. STFC is the flagship company of the Shriram Group which has significant presence in Chit Funds, Consumer Durable Finance, Life Insurance, General Insurance , Stock Broking, Property Development, Project Engineering, Wind Energy among others. NCD PUBLIC ISSUE Public Issue of Secured Non Convertible Debentures Offering Summary Size Aggregating upto Rs. 500 crs with an option to retain oversubscription upto Rs 500 crs Investment options Five Options Credit Rating CARE AA+ by CARE and AA (ind) by Fitch Yield on redemption 10.75% to 11.50% Per annum. Subscription period Issue Opening date : 27th July 2009 - Issue Closing date : 14th August 2009 Security First charge on an identified immovable property and specified future receivables of the Company to ensure minimum one time security cover Listing The NCDs to be listed on National Stock Exchange (NSE) Options I II III IV V Tenor 60 months 60 months 60 months 60 months 36 months Frequency of Interest Payment Half-Yearly Annual Cumulative Annual Annual Minimum Application Rs. 10,000/- (10 NCDs) (for option I, II, III, IV ,V, NCDs either taken individually or collectively) Face Value of NCD (Rs. / NCD) Rs.1,000/- Rs.1,000/- Rs.1,000/- Rs.1,000/Rs. 1,000/Coupon (%) p.a. 11.00%** 11.25%** 11.03% compounded quarterly 11.00% 10.75% Yield on redemption (%) p.a. 11.30% 11.25% 11.50% 11.00% 10.75%. Put and call option NIL NIL At the end of 48 months At the end of 48 months NIL Redemption Staggered in ratio of 40%, 40% and 20% at the end of 36, 48 and 60 months, respectively. Staggered in ratio of 40%, 40% and 20% at the end of 36, 48 and 60 months, respectively. Bullet repayment at end of 60 months* Bullet repayment at end of 60 months* Bullet repayment at end of 36 months * Subject to exercise of Put/Call Option ** Additional interest at the rate of 0.25% p.a. for senior citizens for option I & II

Option

II

III

IV

Interest Payment Half-Yearly Annual Cumulative Annual Annual Coupon % p.a. 11.00% 11.25% 11.03% compounded quarterly 11.00% 10.75% Effective Yield % p.a. 11.30% 11.25% 11.50% 11.00% 10.75%

L & T Finance Limited - Secured Redeemable Non-Convertible Debentures (2010 A Series) Name of the Company Face value of NCDs (Rs. /NCD) Paid up value (Rs.) Issue Price (Rs./NCD) Scrip Code Scrip ID Security Description No. of Securities Distinctive number range ISIN Abbrv. Name Detailed Name on BOLT System Coupon (%) p.a. Date of Allotment Redemption date Tenor Put and Call option First Interest payment date Credit Rating Market lot L&T Finance Limited Rs. 1,000/Rs. 1,000/Rs. 1,000/The details will be intimated by a separate notice LNTF2010AI LNTF2010AII 2010 A Series of Secured Redeemable 2010 A Series of Secured Redeemable NonNon- Convertible Debentures (NCDs) Convertible Debentures (NCDs) Option II: Option I: 8.40% Semi-annual coupon 8.50% Annual coupon 3713363 1286637 1 To 3713363 1 To 1286637 INE523E07475 LNTF 2010AI LNT FIN-NCD-8.40% SEMI-ANNUAL 8.40% p.a 10- Mar-2010 08-Mar-2013 36 months from the date of allotment NA 10-Sep-2010 LAA+ by ICRA and CARE AA+ by CARE 1 NCD INE523E07483 LNTF 2010AII LNT FIN-NCD-8.50% ANNUAL 8.50% p.a 10- Mar-2010 08-Mar-2013 36 months from the date of allotment NA 10-Mar-2011