REC Infrastructure Bonds Pay you 9.15% Interest & get tax benefit also 2012

Issue Open      :  December 19, 2011

Issue Close     :  February 10, 2012

REC  LONG TERM INFRASTRUCTURE BONDS-SERIES (2011-12) Issuer REC Limited (“the issuer”) Offering 2,00,000 Nos. Redeemable,  Non-Convertible REC Long Term Infrastructure Unsecured Bonds – Series of Rs. 5,000/- each aggregating to Rs. 100 crore with a green-shoe option to retain over-subscription Type Private Placement basis Instrument Redeemable, Non-Convertible REC Long Term Infrastructure Unsecured Bonds having benefits under section 80 CCF of the Income Tax Act, 1961 for investment up to Rs. 20,000/- Eligible Investors Resident Indian Individuals (Major) and HUF through Karta of the HUF Face Value Rs. 5,000/-  per bond Minimum Application Rs. 5,000/- (i.e. 1 Bond) Maximum Application No limit Application in multiples of Rs. 5,000/- (i.e. 1 Bond) Deemed Date of Allotment February 15, 2012 Options I II III IV Interest Payment Frequency Cumulative Annual Cumulative Annual Coupon (% p.a.) 8.95% p.a. (Annual Compounding) 8.95% p.a. (payable annually) 9.15% p.a.  (Annual Compounding) 9.15% p.a. (payable annually) Tenor 10 (Ten) years 10 (Ten) years 15 (Fifteen) years 15 (Fifteen) years Buyback option At the end of 5 yrs+ 1day At the end of 5 yrs +1 day At the end of 7 yrs + 1 day At the end of 7 yrs + 1 day Interest Payment date At the time of maturity 15th February every year At the time of maturity 15th February every year Maturity amount in case of buy back option Buyback Date 16 February 2017 16 February 2017 16 February 2019 16 February 2019 Maturity Amt. after 5 yrs + 1 day Rs.7677/-* Rs.5000/- Not Applicable Not Applicable Maturity Amt. after 7 yrs + 1 day Not Applicable Not Applicable Rs.9231/-* Rs.5000/- Maturity Date / Maturity amount in case of without buy back option Maturity Date 15 February 2022 15 February 2022 15 February 2027 15 February 2027 Maturity Amt after 10 yrs Rs.11783/-* Rs.5000/- Not Applicable Not Applicable Maturity Amt after 15 yrs Not Applicable Not Applicable Rs.18592/-* Rs.5000/- Lock-in period 5 years  from the deemed Date of Allotment Security Unsecured Trustee IL&FS Trust Co. Ltd. Listing Proposed to be listed on BSE/ NSE or both Registrars Beetal Financial & Computer Services Ltd. Issuance & Trading Bonds shall be issued both in Dematerialised as well as Physical form. However, trading allowed only in Dematerialised mode after the expiry lock-in-period of 5 years. Mode of Interest Payment / Redemption Through NECS/ At Par Cheques/Demand Drafts (as per mandate given by investor) Issue Schedule Issue Open      :  December 19, 2011 Issue Close     :  February 10, 2012 The issuer would have the right to pre-close the issue or extend closing date of issue by giving one day notice to the arrangers