December 16, 2002. Chennai: Philips India Limited, a subsidiary of the Netherlands based Royal Philips Electronics, and India's Most Trusted Global Consumer Electronics brand, today named Shekhar Naik as the 'Philips Indian Cricketer of the Tournament', at the recently concluded World Cup Cricket for the Blind, in Chennai. Mr. Naik, hailing from Karnataka, was selected for this honour, based on his excellent aIlround performance; he Naik ran up a string of high scores through the tournament, aggregating 220 runs at an average of over 40. In addition to his consistent batting, he picked up three wickets, and was brilliant in the field, pouching one catch and effecting 5 run outs.

Mr. Suresh Sukumaran, Senior General Manager- Marketing (Television), Consumer Electronics Division, Philips India Limited, presented the award to Mr Naik, at a special ceremony. Mr. George Abraham, Chairman, Association for Cricket for the Blind in India, was also present at the occasion.

Mr. Naik was presented with a once in a lifetime opportunity (an all expenses paid trip), to travel to South Africa, to catch the cricketing action live. Philips has always been actively supporting sports and social causes in the country. Its association with the World Cup for the blind is a move in this direction.

On this occasion, Philips also announced a special New Year treat for its esteemed customers in Tamil Nadu. The customers can avail of this special scheme on the purchase of any of the Philips Colour televisions. The special New Year offer launched by Philips, is a kick-start to its Cricket related consumer promotion, 'Philips Ghar Lao South Africa Jao'.

This special Scratch and Win offer is expected to attract a lot of attention to the entire Colour Televisions range, of Philips.

Speaking on thc occasion, Suresh Sukumaran, Senior General Manager, Marketing (Television), Consumer Electronics Division, Philips India Limited, said, "Philips is proud to be associated with a noble cause of promoting the game with the visually challenged. On this auspicious occasion of the arrival of the New Year, we at Philips, would like to add to the joyous celebrations by offering our customers, a festive bonanza, especially designed for them. By offering exciting gifts and Interest Free Hire Purchase, we want our consumers to get the best for themselves during the festival season."

As a New Year Bonanza, Philips is offering a unique scheme of 0% interest loans with a 24 months repayment period, which will be available to its customers in Tamil Nadu.

Philips India Limited, a subsidiary of the Netherlands based Royal Philips Electronics N. V., is a leader in Lighting, Consumer Electronics, Components, Semiconductors, Domestic Appliances & Personal Care with an unmatched range of internationally current products backed by superior design and technology. It also has an excellent distribution and after-sales service network. Philips has been operating in India for over 70 years. The company's turnover in 2001 was over Rs. 15 billion and it employs around 4000 employees in its 6 factories (including it's subsidiary company) and in several sales offices around the country. Philips India Limited shares are listed on Bombay and Calcutta Stock Exchanges.

For further information contact:

Gauri Ambardekar- Raje, Press Relations -Consumer Electronics Division Philips India Limited Tel: 022- 5691 2000 Extension: 2276 E-mail:gauri.ambardekar-raje@.philips.com

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