Almondz Global allots shares to Sultnate of Oman

Almondz Global Securities Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 31, 2007, inter alia, accorded the Board to create, offer, issue and allot 3091500 (Thirty Lakhs Ninety One Thousand & Five Hundred) equity shares of the Company having a face value of Rs 6/- each at a price of Rs 85/- (Rupees Eighty Five only) per equity share including premium of Rs 79/- (Rupees Seventy Nine only) and to create, offer, issue and allot up to 1004500 (Ten Lakhs Four thousand & Five Hundred) Warrants at a price of Rs 85/- (Rupees Eighty Five only) per Warrant, on a preferential basis to an investor namely Al Anwar Holdings SAOG, Sultnate of Oman, with a right to subscribe to equal number of equity shares, on conversion within a period of 18 months, of nominal value of Rs 6/- (Rupees Six only) each fully paid up at a price of Rs 85/- (Rupees Eighty Five only) including premium of Rs 79/- (Rupees Seventy Nine only), which price is calculated in accordance with the Guidelines for Preferential Issue issued by SEBI so that the total number of Equity Shares to be issued by the Company upon conversion of the Warrants does not exceed 1004500 (Ten Lakh Four Thousand & Five Hundred) Equity Shares on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company ("Board", which shall be deemed to include any duly authorized committee thereof), at the time of issue or allotment, subject to the overall guidelines governing such issue, subject to necessary provisions & approvals.

Further, 3091500 Equity shares being allotted to Al Anwar Holdings SAOG shall be locked in for a period of 1 (one) year.