Company DSF Notices

Company	Raymond Limited
Ticker Symbol	RWRPP
CUSIP Number	754804102 (Inactive)
US ISIN	US7548041026
Country	India
Security Type	GDR - 144A
Listing Exchange	PORTAL
Ratio (ORD:DR)	2:1

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Questions may be directed to: Ken Seely 973-461-7029 or Keith Balwan 973-461-7038
For further information on Citi's Depositary Receipt Services, visit www.citi.com/adr