AQUA

Aqua Logistics Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 5, 2011 decided to open the issue of GDR (Global Depository Receipt) for an aggregate amount up to USD 70 Million. The minimum price of the said GDRs i.e. for the underlying Equity Shares has been determined at Rs.28.50/- per Equity Share as per the amended guidelines vide circular dated November 27, 2008 issued by the Ministry of Finance, Government of India. The proposed GDRs shall be opened for subscription to the prospective subscribers w.e.f. February 7, 2011.

Aqua Logistics Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on January 13, 2011 reviewed the status of its proposed GDR issue. Due to the current volatility in Indian Markets and minimum issue price (as determined by Board meeting dated November 25, 2010) been much higher than the current price of the company's price, the board decided to withdraw its current GDR offering. The board would meet at appropriate time in the coming weeks to reconsider the opening of the GDR issue and other terms and conditions associated with the issue.

Aqua Logistics Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on November 25, 2010 has considered and approved the opening of GDR (Global Depository Receipt) issue for an aggregate amount up to USD 70 Million after obtaining the requisite regulatory approvals. The minimum issue price of the said GDR i.e. for the underlying Equity Shares has been determined at Rs.55.10 per Equity Shares as per amended guidelines vide circular dated November 27, 2008 issued by the Ministry of Finance, Government of India.