Peninsula Land

Peninsula Land Ltd has informed that subject to the approval of the members of the Company and applicable statutory approvals, the Board of Directors of the Company at its meeting held on September 21, 2007, has approved the issue upto 6,00,00,000 equity shares of Rs 2/- each (Face Value to the Company's share sub-divided from Rs 10/- each to Rs 2/- each as per the resolution passed by the shareholders at the Annual General Meeting held on September 21, 2007) to Domestic / Foreign Investors / Institutional Investors / Foreign Institutional Investors / Qualified Institutional Buyers, etc. through a public issue / Qualified Institutional Placement and / or any other means as may be permitted by the applicable regulations.