Bank of baroda

Disclaimer Clause of the NSE
As required, a copy of this Red Herring Prospectus will be submitted to NSE. NSE has given in its letter dated October
19, 2005 permission to us to use NSE’s name in this Red Herring Prospectus as one of the stock exchanges on which
our further securities are proposed to be listed, subject to the Bank fulfilling the various criteria for listing including the
one related to paid up capital and market capitalization (i.e. the paid up capital shall not be less than Rs. 100 million and
the market capitalization shall not be less than Rs. 250 million at the time of listing). The NSE has scrutinised this Red
Herring Prospectus for its limited internal purpose of deciding on the matter of granting the aforesaid permission to us. It
is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed
to mean that this Red Herring Prospectus has been cleared or approved by NSE; nor does it in any manner warrant,
certify or endorse the correctness or completeness of any of the contents of this Red Herring Prospectus; nor does it
warrant that our securities will be listed or will continue to be listed on the NSE; nor does it take any responsibility for the
financial or other soundness of the Bank, its management or any scheme or project of this Bank.
Every Person who desires to apply for or otherwise acquires any of our securities may do so pursuant to independent
inquiry, investigation and analysis and shall not have any claim against NSE whatsoever by reason of any loss which
may be suffered by such Person consequent to or in connection with such subscription/acquisition whether by reason of
anything stated or omitted to be stated herein or any other reason whatsoever.
Disclaimer Clause of the VSE
As required, a copy of this Red Herring Prospectus will be submitted to VSE. VSE has given vide its letter dated October
18, 2005, permission to the Bank to use VSE’s name in this Red Herring Prospectus as one of the stock exchanges on
which our further securities are proposed to be listed. VSE has scrutinised this Red Herring Prospectus for its limited
internal purpose of deciding on the matter of granting the aforesaid permission to us. VSE does not in any manner:
1.
Warrant, certify or endorse the correctness or completeness of any of the contents of this Red Herring Prospectus;
or
2.
Warrant that this Bank’s securities will be listed or will continue to be listed on VSE; or

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