Orissa Sponge - Description Of Loss Of Equity Shares - July 03, 2009

Bhushan Energy Ltd has informed that Bhushan Energy Ltd (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the equity shareholders of Orissa Sponge Iron & Steel Ltd (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On July 01, 2009, BEL has acquired 12000 equity shares of Rs 10 each of OSIL, constituting 0.044% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352.71 per equity share (through various transactions) by way of open market purchase (Acquisition).

Further July 02, 2009, BEL has acquired 15503 equity shares of Rs 10 each of OSIL, constituting 0.057% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352.81 per equity share (through various transactions) by way of open market purchase (Acquisition).

The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.

Orissa Sponge - Discovery Acquirement Of Equity Shares - June 27, 2009

Bhushan Energy Ltd has informed that Bhushan Energy Ltd (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the equity shareholders of Orissa Sponge Iron & Steel Ltd (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On June 25, 2009, BEL has acquired 21000 equity shares of Rs 10 each of OSIL, constituting 0.077% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 351.93 per equity share (through various transactions) by way of open market purchase (Acquisition).

The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.

Orissa Sponge - Discovery Of Purchase Of Equity Shares - June 17, 2009

Bhushan Energy Ltd has informed that Bhushan Energy Ltd (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the equity shareholders of Orissa Sponge Iron & Steel Ltd (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On June 15, 2009, BEL has acquired 24817 equity shares of Rs 10 each of OSIL, constituting 0.092% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 350.11 per equity share (through various transactions) by way of open market purchase (Acquisition).

The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.

Orissa Sponge - Disclosure Of Acquisition Of Equity Shares - June 13, 2009

Bhushan Energy Ltd has informed that Bhushan Energy Ltd (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the shareholders of Orissa Sponge Iron & Steel Ltd (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On June 11, 2009, BEL has acquired 20100 equity shares of Rs 10 each of OSIL, constituting 0.074% of the current issued and paid-up share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352.50 per equity share (through various transactions) by way of open market purchase (Acquisition).

Further on June 12, 2009, BEL has acquired 20325 equity shares of Rs 10 each of OSIL, constituting 0.075% of the current issued and paid-up share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352 per equity share (through various transactions) by way of open market purchase (Acquisition).The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.

Orissa Sponge - Disclosure Of Acquisition Of Equity Shares - June 04, 2009

Bhushan Energy Limited has informed that Bhushan Energy Limited (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Limited, BBN Transportation Pvt. Limited, BNR Infotech Pvt. Limited, BNR Consultancy Services Pvt. Limited and Bhushan Steel Limited, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the equity shareholders of Orissa Sponge Iron & Steel Limited (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On June 03, 2009, BEL has acquired 20000 equity shares of Rs 10 each of OSIL, constituting 0.074% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 351.50 per equity share (through various transactions) by way of open market purchase (Acquisition).

The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.

Orissa Sponge - Disclosure Of Equity Shares Of Orissa Sponge - May 20, 2009

Bhushan Energy Ltd has informed that Bhushan Energy Ltd (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the shareholders of Orissa Sponge Iron & Steel Ltd (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On May 19, 2009, BEL has acquired 52,810 equity shares of Rs 10 each of OSIL, constituting 0.19% of the current issued and paid-up share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 346.29 per equity share (through various transactions) by way of open market purchase (Acquisition).

The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.