Asian Paints Board Recommends Final Dividend Per Equity Share - May 12, 2009

Asian Paints Ltd has informed that the Board of Directors of the Company at its meeting held on May 12, 2009, inter alia, has recommended payment of final dividend of Rs 11/- (Rupees eleven only) per equity share of the face value of Rs 10/- each for the financial year ended March 31, 2009. Together with the interim dividend of Rs 6.50 per equity share of the face value of Rs 10/- each approved by the Board on October 24, 2008, the total dividend aggregates to Rs 17.50 (Rupees seventeen and paise fifty only) per equity share of the value of Rs 10/- each for the financial year ended March 31, 2009.

Further the Company has informed that the Register of Members & Share Transfer Books of the Company will remain closed from June 19, 2009 to June 26, 2009 (both days inclusive) for the purpose of payment of final dividend & Annual General Meeting (AGM) of the Company to be held on June 26, 2009.