RNS Number:1233B
Associated Cement Companies Ld(The)
22 July 2004



FAX   RNS :  0044 207 588 6057

SHR NSA LSE 7396


July 22, 2004.


RNS Customer Services,
RNS @ London Stock Exchange,
10 Paternoster Square
London
EC4M 7LS.


Dear Sirs,


Re:  A) Allotment of shares against exercise of Employees Stock Options.
     B) Allotment of shares from shares kept in abeyance (Rights Issue 1999)

--------------------------------------------------------------------------------

We have to inform you that at the Meeting of the Shareholders/Investors
Grievance Committee of the Board held on July 22, 2004

4,150.shares were allotted against exercise of Stock Options granted to
employees under the Employees Stock Option Scheme 2000,

1,975 shares were allotted against exercise of Stock Options granted to
employees under the Employees Stock Option Scheme 2001

4,250 shares were allotted against exercise of Stock Options granted to
employees under the Employees Stock Option Scheme 2002 and

256 shares were allotted from shares kept in abeyance at the time of Rights
Issue 1999.


Consequently, the paid up Share Capital of the Company has increased from
17,81,88,849 shares as on June 30, 2004 to 17,81,99,480 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.,


(P.K.Sinor)
Director & Company Secretary


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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