Peninsula Land to issue shares

Peninsula Land Ltd has informed that the Bid Closing Date pursuant to the proposed issue of equity shares of the Company under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 (the "SEBI Guidelines") (the "Issue") is December 20, 2007. Further the Company has informed that the Company has approved the issue of 43,750,000 equity shares of Rs 2/- each pursuant to the issue at the Issue Price of Rs 120 per equity share aggregating to an Issue size of Rs 5,250 million. The Issue Price is above the floor price calculated in accordance with Clause 13A.3 of the SEBI (DIP) Guidelines, UBS Securities India Pvt Ltd and Enam Securities Pvt Ltd acted as the Joint Global Book Runners for this issue.