Veer Energy Bonus Issue

Veer Energy & Infrastructure Ltd has informed that the Board of Directors of the Company at its meeting held on November 09, 2007, inter alia, has decided to issue Bonus Shares in the ratio of 9:5. [Every share holder holding 5 equity shares is getting 9 Bonus shares] subject to approval of members and the Extra Ordinary General Meeting and concern authorities.

The Board has further decided to convene an Extra Ordinary General Meeting of the members of the Company on December 10, 2007 to seek the consent of the Members on the above issue of Bonus shares.