Gujarat Fluorochemicals - Buy Back Offer

The maximum price is fixed as Rs 300 per Equity share

Proposed Time Table:

Board Meeting approving Buy Back - March 21, 2008

Date of Opening of Buyback - August 11, 2008

Acceptance of Shares - Within 15 days of the relevant payout dates of the Stock Exchanges.

Extinguishment of Shares - Within 15 days of acceptance as above.

Last Date for the Buyback - March 20, 2009 (i.e. 12 months from the date of resolution passed by the Board of Directors of the company at its meeting held on March 21, 2008).