Lupin - Outcome of Allotment Committee Meeting

Lupin Ltd has informed BSE that the Allotment Committee of Directors of the Company at its meeting held on October 30, 2007 has allotted 7550 fully paid up equity shares of Rs 10/- each. These shares have been allotted upon exercising the options by the employees under the Stock Option Plans of the Company.

In view of the above, the issued and paid up capital of the Company increased to
Rs 820,533,940 consisting 82,053,394 equity shares of Rs 10/- each.