Rajesh Exports - Bonus and split

Rajesh Exports Ltd has informed that the Board of Directors of the Company at its meeting held on October 22, 2007, inter alia, has, subject to the approval of shareholders of the Company, decided to:

1. Issue 2 Bonus Shares for every 1 share held by the share holders (200% bonus).

2. Subdivide equity shares of Rs 2 each to Re 1 each.

3. Increase the authorized share capital of the Company to Rs 30 Crores.

The Board has decided to convene an Extra Ordinary General Meeting to approve the above mentioned matters.