COMMUNIQUE

Employee Share Option Scheme

The Bank wishes to inform its shareholders and the investing public in general that, following the offering of 529,918 options to employees under the above scheme in December 2006, a total of 280,547 options were taken up during the first transfer window which closed on 15^th January 2007 for a net consideration of Rs.21,528,000. The remaining 249,371 options will lapse around the 15^th October 2007.

By order of the Board

Jean-François Desvaux de Marigny

Secretary

14^th February, 2007

This notice is issued pursuant to Listing Rule 11.3.

The Board of Directors of The Mauritius Commercial Bank Limited accepts full responsibility for the accuracy of the information contained in this notice.