Dear Shareholder,



Bharat Petroleum Corporation Limited

Date. 26.10.2010

Dear Shareholders,

Sub: Payment of dividend through National Electronic Clearing Service (NECS)

Securities and Exchange Board of India (SEBI) has made it mandatory for all companies to use the Electronic Mode of Remittance for payment of dividends.

You may be aware that as per RBI Notification, remittance of money through Electronic Clearance Service (ECS) has been replaced by National Electronic Clearance Service (NECS) with effect from 1st October, 2009.

The advantages of NECS over ECS include faster credit of remittance to beneficiary’s account, wider coverage with no limitations of location in India besides ease of operations for remitting agencies NECS essentially operates on the new and unique bank account number, allotted by banks post implementation of Core Banking Solutions (CBS) for centralized processing of inward instructions and efficiency in handling bulk transactions.

In this regard you are requested to furnish the new Bank Account Number allotted by the banks post implementation of CBS, along with a blank cancelled cheque or phothocopy of a cheque pertaining to the concerned account;

a. to the Share Transfer Agent (STA) in case you hold shares in physical form

b. to the concerned Depository Participant (DP) in case you hold shares in demat form.

Shareholders holding shares in physical form may send their NECS Mandate Form, duly filled in, to the Company’s STA viz., Data Software Research Co. Pvt. Ltd. Sree Soveriegn Complex, No.22, 4th Cross Street, Trustpuram, Kodambakkam, Chennai – 600024, Tel. no. (044) 24833738, 24834487 & 24801664. The Form should be furnished by the first/sole shareholder which may be downloaded from the Company’s website bharatpetroleum.in under the section ”Investors”.

However, if shares are held in dematerialized form, NECS Mandate has to be sent to the concerned DP directly, in the format prescribed by the DP

In case you do not furnish the new bank account number as aforesaid, credit of dividends through NECS to your old bank account number may be rejected or returned by the banking system. However, in such cases, the Company would issue physical dividend warrants to the concerned Shareholders post such rejection.

Thanking you,

Yours faithfully,

For Bharat Petroleum Corporation Limited

Sd/-

(S.V. Kulkarni)

Company Secretary

NATIONAL ELECTRONIC CLEARING SERVICE (NECS) MANDATE

(To be furnished to STA in case you hold shares in physical form and to the concerned DP in case you hold shares in demat form in the format prescribed by the DP)

To

M/s Data Software Research Co. Pvt. Ltd.

Share Transfer Agent,

Sree Soveriegn Complex,

No.22, 4th Cross Street,

Trustpuram, Kodambakkam,

Chennai – 600024

Dear Sir,

Re : Bank Particulars for Payment of Dividend through NECS

I wish to give NECS Mandate/Bank Particulars for the payment of dividend made by Bharat Petroleum Corporation Limited to its equity shareholders for faster and prompt credit of dividend directly in my bank account.

I. Name of the First / Sole Share holder :

II Folio No. :

III. Particulars of the Bank for the payment of dividend:

a. Name of the Bank : _________________________________________________

b. Branch Name & : _________________________________________________

Address with city

PIN code _________________________________________________

c. 9-Digit Code number of the Bank / _______________________________

Branch as appearing on the MICR | | | | | | | | | |

cheque issued by the Bank. |___|___|___|___|___|___|___|___|___|

___ ___ ___

d. Account type Saving |___| |___| Current |___| Cash Credit

e. Account No. _______________________________________

(as appearing on | | | | | | | | | | | | | | | | |

the cheque book) |__|__|__|__|__|__|__|__|__|__|__|__|__|__|__|__|

I hereby, declare that the particulars given above are correct and complete. If the credit of dividend is delayed or not effected at all for reasons of incomplete or incorrect information, I would not hold the Company responsible.I understand that the Company also reserves the right to send the dividend payable to me by physical warrant on account of any unforeseen circumstances beyond the control of the Company, that may affect the payment of dividend through NECS.

Date :_____________ ____________________________________

Signature of the First / Sole Shareholder

Note: Please attach a blank cancelled cheque or photocopy of a cheque issued by your bank for verification of the bank account details

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