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Name: Maitrayee Vishnu

Enrolment no: 20BSP1185

Division B

HUL :

To: Employees of HTL

From: Director of Corporate Affairs

Date: 30th June, 2007

Subject: Declaration of Bonus

We are pleased to announce that we will be paying a discretionary bonus for


the outstanding results for the year ended June 30, 2007. The bonus is an
indication of our appreciation for the team effort of employees, also the hard
work and dedication given to the firm and clients.

As the indication of good performance, the production, sales and profits have
exceeded the budget target. The grant of bonus by the Board of Directors will
be equal to two months basic salary.

The management is appreciating the efforts, along with that, the target of an
increase in all key parameters is set by 20% for the next year and the
development of new product and market to achieve sustainable business
advantage. HTL expects to achieve a leadership position in its line of business
within a period of 4 years.

We are thankful to you for delivering superlative services to our Firm's Clients
throughout the year. The Firm's success would not be possible without your
extraordinary talents and dedication.

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