Geodesic to issue FCCBs

Geodesic Information Systems Ltd on January 10, 2008 has announced the launch of US$125 million unsubordinated, unsecured foreign currency zero coupon convertible bonds due 2013 (the "Bonds"). The Company intends to use the proceeds for overseas acquisitions and investments in joint ventures / wholly owned subsidiaries.

The Bonds will be convertible into Geodesic ordinary shares, quoted in Indian Rupees ("Rs"). The five year Bonds are expected to carry a yield to maturity of 6.60% per annum and the initial conversion price is Rs 302.27 ("Initial Conversion Price"), representing a premium of 35% over the closing share price on the National Stock Exchange on January 10, 2008 of Rs 223.90 ("Reference Share Price").

The Bonds will be issued at par and redeemed at 138.3826% of par on maturity. The Bonds have been priced and closing is expected to be on or about January 17, 2008. Application has been made for the Bonds to be listed on the official list of the Singapore Exchange Securities Trading Ltd (the "Singapore Stock Exchange") and the Singapore Stock Exchange has given in-principal approval for the listing of the Bonds. Citigroup Global Markets Ltd is the Sole Global Coordinator and Lead Manager for the offering.

Geodesic releases Mundu

Geodesic Information Systems Ltd on October 29, 2007, has announced that the immediate availability of its market leading mobile instant messaging (IM) product, Mundu™ IM, on Windows Mobile based Pocket PC devices, as well as popular Sony Ericsson phones.

A result of the Company's ongoing efforts to improve the mobile communication experience Mundu IM V4, winner of multiple industry awards, is the most comprehensive mobile instant messaging product in the market, Mundu IM gives users the exclusive ability to cross-conference friends, colleagues and family across AIM®, MSN® and Yahoo® IM services through a single chat window on the most popular phone platforms.

Users of popular phones such as the Sony Ericsson Walkman-series, K-series, HTC Touch, IMATE K-JAM, 02 XDA Motorola® Q, Palm® Treo 750, Palm 700p and the iPhone, amongst others, can take advantage of Mundu IM.

The evolved capabilities of Mundu IM V4 incorporate a comprehensive set of features to support the needs of today's connected mobile users including:

- Stay connected : users can stay connected anywhere with their contacts on the most popular IM services including AIM, MSN®, Yahoo®, ICQ®, Google Talk™ and Jabber® on a single user-friendly interface.

- Photo and video sharing : Instant sharing of photos and videos taken from camera phones to contacts across all popular IM services, making collaboration and social networking easier than ever.

- File and music sharing : Ability to send files and music on mobile devices to buddies.

- Email notification : Real-time email notifications for Yahoo, MSN and Google accounts.

"Instant Messaging is finding increasing use on mobile devices, and we are committed to supporting diverse and popular platforms. This release of Mundu IM for the Pocket PC and Sony Ericsson phone platforms is a reaffirmation of our commitment," said Atul Chitnis, the Company's Senior vice President- Products & Strategy, "We are delighted to expand into this market, and have users experience Mundu IM's award winning, user-friendly interface."

Users can experience the full feature set of Mundu IM V4 by downloading a free 5-day trial version from http://messenger.mundu.com. For only US $11.00, users can get lifetime access to Mundu IM allowing friends and colleagues to collaborate and communicate freely and frequently with no per-message charge.

Mundu Radio receives Symbian Signed status

Geodesic Information Systems Ltd on October 17, 2007, announced that its award-winning Mundu Radio has received the Symbian Signed status. This allows Mundu Radio to now support all the latest and popular Nokia Smartphones being sold in the market today.

Symbian Signed is an industry endorsed application signing program recognized by major phone manufacturers and mobile operators worldwide.

Users of the latest Nokia N-series and E-series phones can now download Mundu Radio to gain personalized access to thousands of Internet Radio stations from around the world and the broadest array of music and other content. Further, existing users of Mundu Radio can now upgrade to the latest Nokia phones and continue to tune into their favorite music stations on the move.

Speaking on this, Atul Chitnis, Senior Vice President - Products & Strategy, of the Company said "The Symbian signed status reinforces Mundu Radio as a best-in-breed product. It allows us to extend Mundu Radio to the large worldwide mobile user base using Nokia phones based on the popular S60 3rd edition platform. We are pleased to better respond to our customers needs by providing them with a highly reliable and high-quality product that follows industry standards for reliability and security."

Geodesic Information

Geodesic Information Systems Ltd has informed BSE that a petition under Sections 391 to Section 394 of the Companies Act, 1956 for sanctioning the arrangement embodied in the Scheme of Amalgamation of Picopeta Simputers Pvt Ltd (the "First Transferor Company") and e dot Solutions India Pvt Ltd (the "Second Transferor Company") with the Company (the "Transferee Company") and their respective shareholders and creditors presented by the Petitioner on the August 28, 2007 was admitted by the Hon'ble Court on the September 07, 2007 and by an order of the said date, the Petition has been fixed for hearing before the Hon'ble Judge taking Company matters on October 26, 2007.

Geodesic Information Systems Limited

Geodesic Information Systems Limited has informed the Exchange that: : "The Board of Directors of the Company in their meeting held on 3rd September 2007 at 3.00 p.m. at the registered office of the Company has allotted 3,03,89,788 Equity Shares of Rs.2/- each as bonus shares to the shareholders of the company in 1:2 ratio as on record date for bonus i.e. 21st August 2007. Consequently, with effect from 3rd September, 2007, the issued, subscribed and paid-up Equity Share Capital of the Company stands increased to Rs.18,23,38,728/- divided into 9,11,69,364 Equity Shares of Rs.2/- each. We further inform that fractional shares arising out of bonus shares allotment have been allotted to an independent entity who will sell the shares upon listing and shall distribute the proceeds among respective shareholders".