DRAFT LETTER OF OFFER (Private and Confidential) For Equity Shareholders of the Company only Dated January 10, 2007 ORIENT PAPER & INDUSTRIES LIMITED (Originally incorporated under the Indian Companies Act, 1913, as “Orient Paper Mills Limited” vide certificate of registration dated July 25, 1936 issued by Registrar of Joint Stock Companies, Bengal and received its certificate of commencement of business on July 30, 1936. The name of our Company was changed to “Orient Paper & Industries Limited” on September 13, 1978. The registered office of our Company was shifted from 8, Royal Exchange Place, Calcutta-700001, West Bengal to Brajrajnagar, District – Jharsuguda - 768216, Orissa, in the year 1947 and further shifted to its current address, Unit- VIII, Plot No.7, Bhoinagar, Bhubaneswar-751012, Orissa in the year 2000. Registered Office: Unit-VIII, Plot No. 7, Bhoinagar, Bhubaneswar-751 012, Orissa Head office: 9/1, R. N. Mukherjee Road, Kolkata - 700 001 Contact Person & Compliance Officer: Mr. P.K. Sonthalia, President (Finance) & CFO, Tel: +91 33 2248 3406; Fax: +9133 2242 0933; E-mail:
[email protected] DRAFT LETTER OF OFFER Issue of [y] Equity Shares of Rs. 10 each for cash at a price of Rs. [y] (including a premium of Rs. [y]) per Equity Share not exceeding an aggregate amount of Rs. 17,500 lacs on rights basis to the existing Equity Shareholders of our Company in the ratio of [y] Equity Share for every [y] Equity Shares held on Record Date i.e. [y] The face value of the Equity Shares is Rs. 10 per share and the Issue Price is [y] times the face value.