BPL Limited Stock Option Scheme "BPL Limited- ESOS 2009"

• Security Code: 500074
• Company: BPL

BPL Ltd has informed BSE that Board's Compensation Committee, on November 09, 2010, granted 5,17,738 Options as per the details mentioned below:

- Number of Options Granted: (i) 4,70,673 Options to the eligible employees; and (ii) 47,065 Options to the eligible Directors (Each Option represents 1 (One) equity share of Rs. 10/- each).

- Number of Equity shares covered under the Options granted : 5,17,738 equity share of Rs. 10/- each.

- Exercise Price : Rs. 10/- per Option

- Vesting Period : To begin after a period of 12 months from the date of Grant

- Exercise Period : To be exercised within a period of 12 months from the date of Vesting of Options.