6.6% Tax Free ARS Bonds
NO-RECEIPT OF REDEMPTION PAYMENT

I regret to inform you that I have NOT repeat NOT received redemption payment of my Bond Certificates Nos. 40192531 (408 Bonds); 38993666 (820 Bonds); and 40192549 (400 Bonds) Investor ID Nos. 219204311; 90680366 and 219204329 by ECS in my Bank Account and therefore I have sent you yesterday the Bond Certificates duly discharged/signed by all the Holders for needful/payment of redemption money to me preferably by ECS to my Bank. Thanks.

DEEPAK JOSHI

10TH APRIL