GLOBOFFS

HSBC Securities and Capital Markets (India) Private Limited has submitted to the Exchange a copy of the Corrigendum to the Public Announcement made on November 07, 2007 for Open offer by indiaStar (Mauritius) Limited (the "Acquirer") to acquire upto 47,63,819 fully paid up equity shares of Rs.10/- each of Garware Offshore Services Limited representing 20% of the total paid-up voting equity share capital of Garware Offshore Services Limited. With reference to the Public Announcement made on November 07, 2007 and the Corrigendum to the Public Announcement made on December 14, 2007, December 19,

HSBC Securities and Capital Markets (India) Private Limited has submitted to the Exchange a copy of the Corrigendum to the Public Announcement made on November 07, 2007 for Open offer by indiaStar (Mauritius) Limited (the "Acquirer") to acquire upto 47,63,819 fully paid up equity shares of Rs.10/- each of Garware Offshore Services Limited representing 20% of the total paid-up voting equity share capital of Garware Offshore Services Limited. A copy of the Corrigendum shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Serv

Garware Offshore Services Limited has informed the Exchange that: "The Company has entered into a Memorandum of Understanding (MoU) for the acquisition of one Anchor Handling Tug Cum Supply Vessel (AHTSV) of 60 Tons Bollard Pull fitted with Fire Fighting Equipment (FIFI 1) and Dynamic Position System (DP 1). The Vessel is schedule to be delivered to the Company in February, 2009".

Garware Offshore Services Limited has informed the Exchange that the Board of Directors of the Company at the meeting held on January 24, 2008, have considered the following: "The Board noted that the Contract for charter hire of Company's Platform Supply Vessel 'M.V. Everest' expiring in January, 2008, is further renewed for a period of two years by B.G. Exploration and Production India Ltd. (British Gas) with an upward revision of approximately 20% in the charter hire compared to previous contract".

Garware Offshore Services Limited has informed the Exchange that "The Company has extended its Financial Year ending December, 2007 to 31st March, 2008. The requisite permission from the Registrar of Companies, Mumbai, has been obtained for holding the Annual General Meeting till 30.09.2008."

HSBC Securities and Capital Markets (India) Private Limited has submitted to the Exchange a copy of the Corrigendum to the Public Announcement for Open offer by indiaStar (Mauritius) Limited (the "Acquirer") to acquire upto 47,63,819 fully paid up equity shares of Rs.10/- each of Garware Offshore Services Limited representing 20% of the total paid-up voting equity share capital of Garware Offshore Services Limited. A copy of the Corrigendum shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Anno

HSBC Securities and Capital Markets (India) Private Limited has submitted to the Exchange a copy of the Corrigendum to the Public Announcement for Open offer by indiaStar (Mauritius) Limited (the "Acquirer") to acquire upto 4,707,799 fully paid up equity shares of Rs.10/- each of Garware Offshore Services Limited representing 20% of the total paid-up voting equity share capital of Garware Offshore Services Limited. A copy of the Corrigendum shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Anno

HSBC Securities and Capital Markets (India) Private Limited has informed the Exchange regarding a Public Announcement ("PA") being issued by them ("HSBC" or the "Manager to the Offer") for and on behalf of indiaSTAR (Mauritius) Ltd. (hereinafter referred to as the "Acquirer"), to the shareholders of Garware Offshore Services Ltd. ("Target") pursuant to and in compliance with among others, Regulation 10 of the Securities and Exchange Board of India. The Offer: Pursuant to Regulation 10 and other applicable provisions of the Regulations, the Acquirer is making an open offer (the "Offer" or the "

Garware Offshore Services Limited has informed the Exchange vide its letter dated November 30, 2007, that: "The Allotment Committee of the Board of Directors has today allotted 2,80,100 fully paid up Equity Shares of Rs.10/- each upon conversion of Warrants, allotted in the 3rd Preferential Allotment of the Company to the Promoters and Non-Promoters. Consequent to the above allotment all warrants allotted in the 3rd Preferential Allotment are converted into Equity Shares".

Garware Offshore Services Limited has informed the Exchange that: "The Company's subsidiary Offshore International Services Pte. Ltd. (GOISPL), has signed a contract for the acquisition of one construction work barge for delivery in July, 2009. Upon completion of formalities, the said barge, which will not be owned by GOISPL, will be bareboat chartered to it for a period of upto 10 years on delivery."

Garware Offshore Services Limited has informed the Exchange Vide its letter dated November 06, 2007 that "The Allotment Committee of Board of Directors of the Company at its meeting held today, issued and allotted 22,72,727 equity shares of Rs.10/- each at a price of Rs.110/- upon exercise of option of conversion into equity shares by the Debenture-holder viz. India Star (Mauritius) Ltd. Please note that consequent to the aforesaid allotment of equity shares, the post equity shareholding of India Star (Mauritius) Ltd. including their present equity shareholding of 25,90,000 equity shares (bein

Garware Offshore Services Limited has informed the Exchange Vide is letter dated November 05, 2007 that "The Allotment Committee of the Board of Directors has today allotted 3,52,500 fully paid up Equity Shares of Rs.10/- each upon conversion of Warrants, allotted in 3rd Preferential Allotment of the Company to the Promoters and Non-Promoters. The Post Allotment paid-up Share Capital is 2,12,66,266 Equity Shares of Rs.10/- each aggregating to Rs.21,26,62,660/-".

Garware Offshore Services Limited has informed the Exchange vide is letter dated October 31, 2007 that "The Allotment Committee of the Board of Directors has today allotted 7,03,500 fully paid up Equity Shares of Rs.10/- each upon conversion of Warrants, allotted in 3rd Preferential Allotment of the Company to the Promoters and Non-Promoters. The Post Allotment paid-up Share Capital is 2,09,13,766 Equity Shares of Rs.10/- each aggregating to Rs.20,91,37,660/-".

Garware Offshore Services Limited has informed the Exchange vide its letter dated September 27, 2007 that the Company's Anchor Handling Tug Cum Supply Vessel (AHTSV), M.V.Garware II, which has come off contract from ONGC has started work in the spot market and has been awarded contract on short term basis at a charter rate which is approx. 50% higher.

Garware Offshore Services Limited has informed the Exchange that : "The Allotment Committee of the Board of Directors has today allotted 4,74,925 fully paid up Equity Shares of Rs. 10/- each upon conversion of warrants, allotted in the 2nd Preferential allotment of the Company to the Promoters and Non-promoters. Consequent to the above allotment, all the Share Warrants allotted in the 2nd Preferential allotment of the Company are converted into Equity Shares."

Garware Offshore Services Limited has informed the Exchange on July 17, 2007 that "Subject to shareholders' approval, the Board of Directors at its meeting held today, approved reappointment and remuneration payable to Mr. Ashok B. Garware, Chairman, for a further period of 5 years with effect from 1st July, 2007".

Garware Offshore Services Limited has informed the Exchange that "The Company has incorporated in Singapore a 100% subsidiary in the name and style of "Garware Offshore International Services Pte. Ltd". This subsidiary has been incorporated in view of the potential business opportunities that the Company is attempting to take advantage of the Oil & Gas space. The subsidiary's main area of business will include "in and out "chartering of ships to E&P Companies as well as to provide all marine Offshore and Logistics services internationally".

Garware Offshore Services Limited has informed the Exchange that: "The Company has taken delivery of its Newly Built Platform Supply Vessel "M.V. Kamet" constructed at Havyard Leirvik, a yard situated in Norway. The vessel, which is a state of art UT 755L design, with clean notation, DP1 and FiFil has left Norway to return to India by the third week of June, 2007. The vessel will thereafter, be deployed with Oil and Natural Gas Corporation Limited for a five year contract. The annual value of the Contract will be approx. 24 crores".

Garware Offshore Services Limited has informed the Exchange that: "The Allotment Committee of the Board of Directors has today (i.e. May 11, 2007) allotted 3,11,100 fully paid up Equity Shares of Rs. 10/- each upon conversion of Warrants, allotted in the 2nd Preferential Allotment of the Company to the Promoters and Non - Promoters."

Garware Offshore Services Limited has informed the Exchange that "At the 29th Annual General Meeting of the Company held today, (i.e. May 11, 2007) the shareholders of the Company have approved the following Resolutions : (1) Declaration of 18% Dividend on Equity Shares (including 10% interim dividend paid). (2) Re-election of Mr. Shamsunder Aggarwal as a Director. (3) Appointment of Messers. Raman. S. Shah & Associates, Chartered Accountants, as statutory Auditors. (4) Appointment of Mr. J. C. Chopra as Director. (5) Appointment of Mr. D. J. Thakkar as Director.