Transwarranty Finance open offer for Vertex Securities

Fedex Securities Ltd ("Manager to the Offer"), on behalf of Transwarranty Finance Ltd & Shri. Kumar Nair ("Acquirers"), has issued this Public Announcement ("PA") to the equity Shareholders of Vertex Securities Ltd ("Target Company"), pursuant to and in compliance with Regulations 10 & 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ("Regulations", SEBI (SAST) Regulation) and subsequent amendments thereto.

The Offer

The Acquirers are making an Open Offer to the Public Shareholders (i.e. Shareholders other than the Acquirers, Promoter group Shareholders of Target Company and parties to the Agreement) of Target Company to acquire 10,35,601 equity shares of Rs 10/- each representing 20% of issued, subscribed, paid up and voting Capital of Target Company. The Offer is at a price of Rs 31/- (Rupees Thirty one Only) per equity share fully paid up ("Offer Price"), payable in cash ("Offer"), subject to the terms & conditions mentioned in the PA.

Schedule of Activities:

Specified Date - November 30, 2007

Date of Opening of the Offer - December 20, 2007

Date of Closing of the Offer - January 08, 2008