MRO TEK - Updates

With reference to suspension of activities in the Joint Venture Company (between RAD Data Communications Ltd and MRO TEK), MRO TEK Ltd has further clarified as follows :

"- The JV company was earlier manufacturing Populated Printed Circuit Boards (PPCBs) pertaining to certain equipment;

- These PPCBs were supplied by the JV company to MRO-TEK Ltd for further processing and manufacture of final equipment, which equipment were sold by MRO-TEK to the ultimate customer/s.

After the present re-structuring and suspension of manufacturing activity/s by the JV company,

- Such PPCBs shall be supplied directly to MRO-TEK Ltd by RAD (of Israel) and

- The Company shall continue to do further processing and manufacture of final equipment, which equipment shall continue to be sold by MRO-TEK to the ultimate customer/s.

As such, the activities and the (business and commercial) interest/s of the Company, as well as ongoing long term relationship with RAD (of Israel), shall continue without being affected in any way, whatsoever."

MRO-TEK Limited

Mro-Tek Limited has informed the Exchange regarding the details of shares bought back by the Company on September 03, 2007 pursuant to the resolution passed at the meeting of the Board of Directors on March 30, 2007, as under: 1) Name of the Broker - Karvy Stock Broking Limited; 2) Number of equity shares bought back on NSE: 17,812 ; 3) No. of equity shares bought back on BSE: 5,274 ; 4) Total no. of equity shares bought back: 23,086 ; 5) Average Price of Acquisition: 45.50 ; 6) Cumulative equity shares bought as on August 31, 2007: 11,18,248 ; 7) Quantity closed out: Nil; 8) Total equity shares bought back as on September 03, 2007: 11,41,334 ; 9) Total Amount for which shares have been bought back as on September 03, 2007: Rs.519,30,626.