RNS Number:6092H
Associated Cement Companies Ld(The)
20 January 2005


SHR NSA LSE 578

January 20, 2005


Dear Sirs,


Re:   Allotment of shares against exercise of Employees Stock Options.
--------------------------------------------------------------------------------

We have to inform you that at the Meeting of the Shareholders/Investors
Grievance Committee of the Board held on January 20, 2005.

17,800 shares were allotted against exercise of Stock Options granted to
employees under the Employees Stock Option Scheme 2000,

52,132 shares were allotted against exercise of Stock Options granted to
employees under the Employees Stock Option Scheme 2001

47,525 shares were allotted against exercise of Stock Options granted to
employees under the Employees Stock Option Scheme 2002.


Consequently, the paid up Share Capital of the Company has increased from
17,84,16,154 shares to 17,85,33,611 shares of Rs.10/- face value, as of date.
The Company will shortly be filing applications for listing/trading permission
in respect of these shares.


Thanking you,

Yours faithfully,
For The Associated Cement Cos. Ltd.,

(R.Padmanabhan)
Sr. Manager - Shares




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