Tayo Rolls

Tayo Rolls Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 15, 2007, inter alia, to consider & approve the following:

1. Audited financial results for the half-year and quarter ending September 30, 2007.

2. Raising of funds to finance the proposed Forged Roll and Forging Projects through debt and equity by issuance of further shares on Rights basis.