RNS Number:6071X
Merrill Lynch International
30 January 2006






The 'Stabilisation Notice' announcement for Merrill Lynch International released 
on 30 January 2006 at 07:00 under RNS No 5755X has been re-released to 
facilitate onward transmission by third party vendors.

The announcement is unchanged and is reproduced in full below.




                                                               30th January 2006


The London Stock Exchange
10 Paternoster Square
London, EC4M 7LS


Dear Sirs

The Federal Bank Limited - Offering of 20,000,000 Global Depositary Receipts
(the "Global Depositary Receipts") including an Over Allotment Option of
2,000,000 Global Depositary Receipts (the "Global Allotment Option")

Stabilisation Notice

Pursuant to Core Dealing Rule 3060-3061, Merrill Lynch International   hereby
notifies the London Stock Exchange that it and its affiliates may stabilise the
offering of the Global Depositary Receipts of the Federal Bank Limited:


1.      Security to be stabilised:  Global Depositary Receipts of The Federal
        Bank Limited;
2.      Security Identifier:   ISIN: XS0229331755 (Master Regulation S GDR)
                                US3131621092 (Master Rule 144A GDR)
3.      Stabilising Manager: Merrill Lynch International
4.      Stabilisation period commences:   30 January 2006  at approximately 8
        am London time;
5.      Stabilisation period ends: Close of business on 2 March, 2006;
6.      Offer price:  $3.97 per Global Depositary Receipt; and
7.      Over-allotment option is equivalent to 11.11% of the offering.


Yours faithfully


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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