Our Ref: ML/PG/RDVP/msh

12^th December 2005

The Chief Executive

The Stock Exchange of Mauritius Ltd.

4^th Floor, One Cathedral Square Building

Jules Koenig Street

Port Louis

Dear Sir

DIVIDEND TO ORDINARY AND PREFERENCE SHAREHOLDERS

in respect of the 18 months period ending 30^th June 2006

We wish to inform you that at the Board Meeting held today, the Directors have declared the following dividend:

Ordinary - Rs 41 per share

Preference - Rs 41 per share

The Dividend is payable on or about 31^st January 2006 to the shareholders registered at the close of business on 30^th December 2005.

The shares of the company will be traded cum-dividend up to the market day of 27^th December 2005 and ex-dividend on 29^th December 2005.

Yours faithfully

THE MEDINE SHARES HOLDING COMPANY LIMITED

Maxime Leclézio

Group Secretary

c.c. Mrs Priscille Koenig, BCM SECRETARIES LTD.