L&T Infrastructure Finance Company Ltd-Long Term Infrastructure Bonds 2011B Series (Tranche-1)

Tranche 1 Bond Series 1 2 Friday, November 25, 2011 Issue Opens Saturday, December 24, 2011* Issue Closes L&T Infrastructure Finance Company Limited Issuer Issue of Tranche 1 Bonds Public issue of long term infrastructure bonds of face value of Rs. 1,000 each, in the nature of secured, redeemable, non-convertible debentures, having benefits under section 80CCF of the Income Tax act, 1961 (the Tranche 1 Bonds), not exceeding Rs. 11,000.0 million for the FY 2012, to be issued at par on the terms contained in the Shelf Prospectus and this Prospectus Tranche 1. BSE Listing Dematerialized form only following expiry of Lock-in Period Trading (ICRA)AA+ from ICRA and CARE AA+ from CARE Rating 9.00% p.a. 9.00% p.a. compounded annually Interest Rate Rs. 1,000/Rs. 1,000/Face Value per Bond Annual Cumulative Frequency of Interest payment ICICI Securities, JM Financial & Karvy Investor Ser Ltd Lead Managers Bajaj Capital Ltd, RR Investor, SMC Capital, Integrated Enterprises Co-Lead Managers Sharepro Services (India) Private Limited. Registrar 5 Tranche 1 Bonds and in multiple of 1 Tranche 1 Bond thereafter. For the purpose of Minimum Application fulfilling the requirement of min subscription of 5 Tranche 1 bonds, an applicant may choose to apply for the Tranche 1 bonds across the same series or different series. Indian nationals resident in India, who are not minors, in single or joint names (not Who can apply? more than three); and Hindu Undivided Families or HUFs, in the individual name of the Karta. Debenture Trustee Lock in Period Issuance Buyback Facility Buyback Date Bank of Maharashtra 5 years from the deemed date of allotment Dematerialized form or Physical form as specified by an Applicant in the Application Form. Yes The first Working Day after the expiry of 5 years from the Deemed Date of Allotment and the first Working Day after the expiry of 7 years from the Deemed Date of Allotment. Rs. 1,000/- at the end of 5 years/ Rs. 1,538.62/- at the end of 5 years/ Rs. 1,000/- at the end of 7 years Rs. 1,828.04/- at the end of 7 years The period commencing from 6 months preceding the relevant Buyback Date and Ending 3 months prior to such Buyback Date. 10 years from the Deemed Date of 10 years from the Deemed Date of Allotment Allotment

Buyback Amount Buyback Intimation Period Maturity Date

Maturity Amount Yield on Maturity Yield on Buyback

Rs. 1,000/9.00% 9.00%

Rs. 2,367.36/9.00% compounded annually 9.00% compounded annually

Tax Benefit: THE TRANCHE 1 BONDS ARE CLASSIFIED AS LONG TERM INFRASTRUCTURE BONDS IN TERMS OF SECTION 80CCF OF THE INCOME TAX ACT AND THE NOTIFICATION. IN ACCORDANCE WITH SECTION 80CCF OF THE INCOME TAX ACT, THE AMOUNT, NOT EXCEEDING ` 20,000 PER ANNUM, PAID OR DEPOSITED AS SUBSCRIPTION TO LONG TERM INFRASTRUCTURE BONDS DURING THE PREVIOUS YEAR RELEVANT TO THE ASSESSMENT YEAR BEGINNING APRIL 01, 2012 SHALL BE DEDUCTED IN COMPUTING THE TAXABLE INCOME OF A RESIDENT INDIVIDUAL OR HUF. IN THE EVENT THAT ANY APPLICANT APPLIES FOR THE TRANCHE 1 BONDS IN EXCESS OF ` 20,000 PER ANNUM, (INCLUDING LONG TERM INFRASTRUCTURE BONDS ISSUED BY ANY OTHER ELIGIBLE ENTITY), THE AFORESTATED TAX BENEFIT SHALL BE AVAILABLE TO SUCH APPLICANT ONLY TO THE EXTENT OF ` 20,000 PER ANNUM.

* The Issue shall remain open for subscription during banking hours for the period indicated above, except that the Issue may close on such earlier date or extended date as may be decided by the Board subject to necessary approvals. In the event of an early closure or extension of the Issue, the Company shall ensure that notice of the same is provided to the prospective investors through newspaper advertisements on or before such earlier or extended date of Issue closure. Interest on Application and Refund Money The Company shall not pay any interest on the application monies collected pursuant to the Issue pending allotment of the Tranche 1 Bonds. The Company shall not pay any interest on refund of application monies on the amount not allotted. Bankers to the Issue Axis Bank Limited City Union Bank HDFC Bank Limited ICICI Bank Limited IDBI Bank Limited State Bank of India