INDIAN RAILWAY FINANCE CORPORATION LIMITED

Our Company shall use best efforts to ensure that all steps for the completion of the necessary formalities forlisting and commencement of trading at the BSE and the NSE will be taken within 12 Working Days from theIssue Closing Date.DividendThe details of the dividend paid by our Company in the past 5 financial years are as under:March 31, 2012 March 31, 2011 March 31, 2010 March 31, 2009 March 31, 20084.76% 6.24% 9.17% 20% 20%The total dividend paid for the financial year 2011-12 was ` 10,000 Lakhs.Mechanism for redressal of Investor grievancesKarvy Computershare Private Limited has been appointed as the Registrar to the Issue to ensure that investorgrievances are handled expeditiously and satisfactorily and to effectively deal with investor complaints.All grievances relating to the Issue should be addressed to the Registrar to the Issue and the Compliance Officergiving full details of the Applicant, number of Bonds applied for, amount paid on application series/optionapplied for and Member of the Syndicate/Trading Member/SCSB to whom the application was submitted.All grievances relating to the ASBA process may be addressed to the Registrar to the Issue with a copy to either(a) the relevant Designated Branch of the SCSB where the Application Form was submitted by the ASBAApplicant, or (b) the concerned Member of the Syndicate and the relevant Designated Branch of the SCSB inthe event of an Application submitted by an ASBA Applicant at any of the Syndicate ASBA Centres, giving fulldetails such as name, address of Applicant, Application Form number, series/option applied for, number ofBonds applied for, amount blocked on Application.All grievances arising out of Applications for the Bonds made through Trading Members may be addresseddirectly to the relevant Stock Exchange.39