GTOFFSHORE

Great Offshore Limited has informed the Exchange vide its letter dated May 23, 2012 regarding "Review of Credit Rating for Bank Facilities".

Great Offshore Limited has informed the Exchange vide its letter dated February 13, 2012 that the CRISIL Rating for bank facilities have been revised.

Great Offshore Limited has informed the Exchange that the CRISIL Rating for bank facilities have been revised.

Great Offshore Limited has informed the Exchange that the Crisil Rating for bank facilities have been revised as under : (1) Facility : Long Term Loan (including proposed facility of Rs.2.98 Billion) ; Rated Amount (Rs. in Billion) : 11.00; Prior Rating : A/Stable; Revised Rating : A/Negative; (2) Facility : Short Term Loan ; Rated Amount (Rs. in Billion) : 1.50; Prior Rating : P1;Revised rating: P1; (3) Letter of Credit / Bank Guarantee (including proposed facility of Rs.0.65 Billion);Rated Amount (Rs. in Billion) : 2.50; Prior Rating : P1;Revised rating: P1.

Great Offshore Limited has informed the Exchange that the Crisil Rating for bank facilities post review has been revised as under : (1) Facility : Short Term Loan (reduced from Rs. 5,500 million); Rated Amount (Rs. in million) : 1,500; Prior Rating : P1; Revised Rating : P1; (2) Facility : Long Term Loan (enhanced from Rs. 7,000 million); Rated Amount (Rs. in million) : 11,000; Prior Rating : A/Negative; Revised Rating : A/Stable; (3) Bank Guarantee / LC; Rated Amount (Rs. in million) : 2,500; Prior Rating : P1; Revised Rating : P1.

Great Offshore Limited has submitted to the Exchange the CRISIL Rating for bank facilities.The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Gtoffshare_CR_18062009.zip target=NEW> For more details click here.</a>