Peninsula Land

Peninsula Land Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on October 22, 2007, inter alia, to transact the following business:

1. To create, offer, issue and allot from time to time in one or more tranche(s) in the course of domestic / follow on / international offerings or qualified institutional placement to Domestic / Foreign Investors / Institutional Investors / Foreign Institutional Investors, Qualified Institutional Buyers within the meaning of Chapter XIIIA of the SEBI Guidelines, Members, Employees, Non-Resident Indians, Companies or Bodies Corporate whether incorporated in India or abroad, Trusts, Mutual Funds, Banks, Financial Institutions, insurance Companies Pension Funds, Individuals or otherwise, whether shareholders of the Company or not, through a public issue, a qualified institutional placement within the meaning of Chapter XIIIA of the SEBI Guidelines, and / or any other means as may be permitted by the SEBI Guidelines, with or without an over-allotment option, equity shares or securities other than warrants which are convertible into or exchangeable with equity shares ("Securities") to be listed on any Stock Exchange inside India or any International Stock Exchange outside India, through an offer document and / or prospectus and / or offer letter and / or offering circular, as the Board in its sole discretion may at any time or times hereafter decide, subject to necessary provisions & approvals.

2. Increase in the Authorised Share Capital of the Company comprising of Rs 52,00,00,000/- divided into 25,99,95,000 Equity Shares of Rs 2/- each aggregating to Rs 51,99,90,000/- and 1,000 - 5% Cumulative Redeemable Preference Shares of Rs 10/- each aggregating to Rs 10,000/- to Rs 65,00,00,000/- divided into 32,49,95,000 Equity Shares of Rs 2/- each aggregating to Rs 64,99,90,000/- and 1,000 - 5% Cumulative Redeemable Preference Shares of Rs 10/- each aggregating to Rs 10,000/- & consequential amendments in the Memorandum of Association of the Company.