Shopper's Stop Limited - Securities and Exchange Board of India

DECLARATION
All the relevant provisions of the Companies Act, and the guidelines issued by the GoI or the guidelines
issued by Securities and Exchange Board of India, as the case may be, have been complied with and no
statement made in this draft Red Herring Prospectus is contrary to the provisions of the Companies Act,
the Securities and Exchange Board of India Act, 1992 or the rules made there under or guidelines issued,
as the case may be.
We further certify that all the disclosures/ statements made in this draft Red Herring Prospectus are true
and correct.
SIGNED BY THE DIRECTORS
Chandru L. Raheja#
Ravi C Raheja#
Neel C Raheja#
Vittorio L Radice#
Gulu L Mirchandani#
Shahzaad Siraj Dalal#
Bala Deshpande#
Nitin Sanghavi#
Deepak Ghaisas#
B S Nagesh
# through their constituted attorney B S Nagesh
SIGNED BY THE CCA AND MD AND CHIEF EXECUTIVE OFFICER
B.S. Nagesh
SIGNED BY THE CCA AND CHIEF FINANCIAL OFFICER
C.B. Navalkar
Date: August 18, 2004
Place: Mumbai
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