Notice of Change in GDR to share ratio

January 17, 2011,

London Stock Exchange Plc

10, Patemoster Square,

London

SUB: Change in GDR to share ratio

Dear Sir/Madam,

This is to inform to that the GDR committee of the company during their meeting held on January 3, 2011, has changed the GDR to Share ratio.

Now the GDR to share ratio will be 1:20, i.e. one Regulation 144A and Regulation S GDR represent 20 equity shares of the company.

The ratio change will be effective from January 24, 2011, the record date set for the same.

This is for you information and record.

Regards

For REI Agro Limited

Mandan Mishra

Company Secretary