Diamond Cables Updates

Diamond Cables Ltd has informed about the following:

" The Company has invested in the Financial & Managerial restructuring of India's one of the Leading Power and Distribution Transformer manufacturer, Apex Electricals Ltd. in June 2007.

Apex Electricals Ltd. established in 1967, was India's Leading Power Transformer manufacturer operating with collaboration with ELIN of Austria and manufactured power transformer upto 315 MVA, 220 KV class.

Further the Company has informed that, pursuant to investment and management restructuring from Diamond Power Infrastructure Ltd and Financial Investment from Clearwater Capital Partners India Pvt Ltd., the Power Transformer manufacturing facilities at Vadodara was totally rewamped to bring to its world class manufacturing facility.

The Company pleased to announce that the Operations of the Power Transformer facility with 7500 MVA have commenced operations with effect from December 03, 2007 at 10.00 hrs.".