Punjab National Bank - Updates

With reference to the earlier announcement dated December 03, 2007, Punjab National Bank has informed BSE that the Bank has raised the following Bonds as under:

1. Rs 300 crore as PNB Tier I Perpetual Bond Series II through private placement. (Deemed date of allotment December 11, 2007)

2. Rs 500 crore as PNB Upper Tier II Bonds Series II through private placement. (Deemed date of allotment December 12, 2007).