Rajesh Exports Ltd.

News Verification : The media had reports on September 17, 2007 that De Beers may acquire 51% stake in Rajesh Exports. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Rajesh Exports Ltd. has vide its letter inter-alia stated, "At a Conference in New York, funds and investors have envisaged interest in the company. We have discussed in detail about the developments at our Board meeting on September 17, 2007 and the Board has decided to appoint an independent agency for the valuation of Company's business enterprise and other assets of the company. The Board specifically suggested the valuation to generate awareness about the true valuation of the company among the investors of the company. Upon finalization of any proposal from the investors the company would inform the Stock Exchange."