Renaissance Jewellery Board declares dividend

June 12, 2008 (India)

Renaissance Jewellery Ltd has informed that the Board of Directors of the Company at its meeting held on Jun 11, 2008, inter alia, has considered and approved the following:

1. Declaration of Dividend of @ 15% (Rs 1.50 per equity share) - recommended.

2. Revision / modification of remuneration of Executive directors - considered and approved.

3. Appointment of relatives of Directors to the office / place of profit - considered and approved.

4. Employees Stock Purchase Scheme - considered and approved.

5. Annual General Meeting - On September 05, 2008.

Renaissance Jewellery Ltd