Jyothy Labs files prospectus with Sebi

Mumbai, June 28, 2007: Jyothy Labaratories Limited ("Company"), a fast moving consumer goods ("FMCG") company in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market and offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products, has filed its Draft Red Herring Prospectus ("DRHP") with Securities & Exchange Board of India ("SEBI") to enter the capital market with an initial public offering of equity shares.

The Company's flagship brand Ujala fabric whitener had a 68.3% market share in the Indian organized segment in for the year ended 31st March 2007 (source A C Nielsen) and was purchased by 75.4 million surveyed households during the period 1 April 2006 to March 31, 2007, which represents approximately 37% of the surveyed household population (Source IMRB). Ujala was amongst India's 50 most trusted brands and ranked 8th in the home and fabric care segment and 19th among class 2 cities in the Brand Equity Survey (The Economic Times May 30, 2007 and June 6, 2007). The Company's brand "� Maxo, mosquito repellent coils achieved a 19.1% market share in India by value for the year ended March 31, 2007. (Source A C Nielsen)

The Company proposes to offer 4,430,260 Equity Shares of Rs. 5 each ("Offer") by way of an offer for sale by the Selling Shareholders. The Selling Shareholders includes Canzone Limited, South Asia Regional Fund, CDC Investment Holdings Limited, ICICI Bank Canada and ICICI Bank UK PLC. The Offer is being made through the 100% book building method in accordance with the SEBI (Disclosure & Investor Protection) Guidelines, 2000. The Offer will constitute 30.52% of the post-Issue capital of the Company.

Kotak Mahindra Capital Company Limited and Enam Financial Consultants Private Limited are the Book Running Lead Managers ("BRLMs") to the Offer.