MERCATOR

Mercator Lines Limited had informed the Exchange regarding execution of MOA (Memorandum of Agreement) by their Singapore based subsidiary for acquisition of 4 nos. dry bulk vessels of about 305,000 in aggregate. The company has now informed the Exchange that: "Said subsidiary Mercator Lines (Singapore) Pte. Ltd. has taken delivery of one of such 2007 built kamsarmax vessel of 82,191 DWT".

Mercator Lines Limited has informed the Exchange that: "The Company has been awarded a contract by Indian Oil Corporation Ltd. (IOC) for transportation of approximately 12 million tons crude oil over a period of 15 months (incl. extensions) commencing from July 2007. The estimated value of the contract is Rs.200 cr".

Mercator Lines Limited has informed the Exchange regarding a press release dated May 05, 2007, titled "Mercator Lines Ltd. To Acquire 4 Dry Bulk Vessels Totaling 305,000 DWT." The details of the press release 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/MercatorLines_PR.zip target=NEW> For more details click here.</a>

Mercator Lines Limited has informed the Exchange that: "Our subsidiary Mercator Lines (Singapore) Pte. Ltd.; has entered into Memorandum of Agreements for acquiring 4 Nos.2005/2007 built Dry Bulk Vessels of about 305,000 DWT in aggregate. The Vessels are expected to join fleet of the company between June-July 2007".

Mercator Lines Limited has informed the Exchange that "The Company will publish Audited result for the year ended on 31st March 2007 within a period of 3 months from the end of the last quarter. Hence the company will not be publishing unaudited results for the last quarter of the financial year 2006-07."

Mercator Lines Limited has informed the Exchange that: "Mercator Lines (Singapore) Pte. Ltd', a subsidiary of the company, has successfully concluded issue of the Convertible Bonds aggregating USD 51 million, consisting of Bonds-A of USD 35 Million and Bonds-B of USD 16 Million. The Bonds-A are mandatorily convertible in the event of IPO within 24 months from the date of issue of these Bonds. Bonds-B are optionally convertible after 45 days from the date of IPO. The conversion price for Bonds-A will be fixed at the time of IPO and will be at a fixed discount to the IPO price. The conversion pr

Mercator Lines Limited has informed the Exchange that "Mr. Nilesh Jain has resigned from the O/o Company Secretary & Compliance Officer of the company. Ms. Supriya Joshi, an associate member of 'Institute of Company Secretaries of India' and a Law Graduate; has been appointed as Dy. Company Secretary & Compliance Officer of the Company w.e.f. 7th March 2007."

Mercator Lines Limited has informed the Exchange that the Company has designated the following e-mail ID of the grievance redressel division/compliance officer for registering the complaints by investors : investors@mercator.in

Mercator Lines Limited has informed the Exchange that " the registered office of the company has been shifted to following address w.e.f. 16th February, 2007; Mercator Lines Limited, 3rd Floor, Mittal Towers "B" Wing, Nariman Point, Mumbai 400 021, India; Tel: +91 22 6637 3333/ 40373333; Fax: +91 22 6637 3344; Email: mercator@mercator.in; Website : www. mercator. in".

Mercator Lines Limited has informed the Exchange regarding a press release, titled "Mercator Handles Largest Dry Bulk Vessel Ever to enter the Mumbai Port." The details of the press release 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/Mercator_PR_21022007.zip target=NEW> For more details click here.</a>

Mercator Lines Limited has informed the Exchange regarding a press release titled "Satisfactor Y Performannce By Mercator For 3rd Quarter & 9 Month Period Ended December 2006". The details of the press release 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/Mercator_press_300107.zip target=NEW> For more details click here.</a>

Mercator Lines Limited had informed the Exchange regarding execution of Memorandum of Agreement by the Company's Singapore based wholly owned subsidiary for acquiring 2 Nos. New built Dry Bulk geared Kamsarmax Vessels. The Company has now informed the Exchange that "our subsidiary has taken delivery of one of such newly built Kamsarmax vessel of about 84,000 DWT".

Mercator Lines Limited had informed the Exchange regarding the execution of a Memorandum of Agreement. The company has now informed the Exchange that: "The Company has taken delivery of a 1998 built double hull Aframax Tanker of about 1,10,000 DWT".

News Verification : The media had reports that Mercator Lines Limited may go in for a rig sale and private placement. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Mercator Lines Limited has vide its letter inter-alia stated," We hereby clarify that the company does not have any such plan i.e. either Rig sale and/or placement at Rs. 60/-."

News Verification : The media had reports that Mercator Lines (Singapore), the wholly owned subsidiary of Mercator Lines Ltd. may list on Singapore Stock Exchange. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Mercator Lines Limited has vide its letter inter-alia stated, "At the outset we have to state that the company has not issued any official release on the subject matter of the news. We would further like to

Mercator Lines Limited has informed the Exchange that the Company has executed a Memorandum of Agreement (MOA) to acquire a 1998 built double hull Aframax Tanker of about 1,10,000 DWT. The same is expected to join the fleet of the Company in the month of December 2006.

Mercator Lines Limited has informed the Exchange that the Company have through its fully owned subsidiary Mercator Lines (Singapore) Pte. Ltd.; signed a Memorandum of Agreement for acquiring 2 Nos. Dry Bulk geared Kansarmax Vessels of about DWT 84,000 each. The Vessels are expected to join the fleet of the company in January 2007 and June 2007.

Mercator Lines Limited has informed the Exchange regarding a press release titled "Mercator Lines performs well for 2Q ended September 2006 - Sales up 65% at Rs. 295.74 crores; Operating Profit up 10% to Rs. 81.93 crores; Profit before tax up 9% to Rs. 36.8 crores". The details of the press release 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/MLL_201006.zip target=NEW> For more details click here.</a>

Mercator Lines Limited has informed the Exchange that Mr. Nilesh Jain, an Associate member of Institute of Company Secretaries of India, has been appointed as Company Secretary and Compliance Officer of the Company.

Mercator Lines Limited has informed the Exchange that Mercator Oil & Gas Limited (erstwhile Ivory Oil & Gas Ltd.) has become subsidiary of Mercator Lines Limited.

Mercator Lines Limited has informed the Exchange that Mr. Jayesh Doshi the Chief Financial Officer of the Company has been designated as Compliance Officer till the new Company Secretary is appointed.

Mercator Lines Limited has informed the Exchange that Mr. N.T. Mayekar has resigned from the O/o Company Secretary. Consequently, he also ceased to be Compliance Officer of the company.

Mercator Lines Limited has submitted to the Exchange a Copy of Minutes of AGM of the Company held on July 31,2006. 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).

Mercator Lines Limited has informed the Exchange that the members of the company in their Annual General Meeting held on July 31, 2006 ; have approved following unanimously:- (1) Confirmation and ratification of Payment of 8% Interim dividend on Preferences Shares. (2) Confirmation and ratification of payment of interim dividend @ 150% and declaration of final dividend @ 30% on equity share capital. (3) Reappointment of Mr. M.G.Ramkrishna as Director of the Company. (4) Reappointment of M/s. Contractor Nayak & Kishnawada as auditors of the Company. (5) Alteration to the object Clauses of the M

Mercator Lines Limited has informed the Exchange regarding the result of the Postal Ballot declared by the Chairman at the AGM of the Company held on July 31, 2006 as follows:- Result of the voting conducted through Postal Ballot on the Ordinary Resolution under Section 293 (1) (a) of the Companies Act, 1956, relating to alteration of the Objects Clauses of the Memorandum of Association of the Company and authorizing the Board to take-up the same pursuant to Section 149 (2A) of the Act. Number of valid postal ballot forms received - 3080; Votes in favour of the Resolution - 9,14,66,656; Votes

Mercator Lines Limited has informed the Exchange regarding a press release dated, July 25, 2006, titled, "Mercator Lines Performs Well For 1Q Ended June 2006 - Sales : Rs 176.38 crores; Operating Profit : Rs 60.73 crores". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Mercator Lines Limited has informed the Exchange that Credit Analysis & Research Ltd., (CARE) have reaffirmed "CARE AA" (Double A) rating to all the existing Secured Redeemable Non- convertible Debentures (NCDs); Term Loans and Preference shares of the Company. CARE have also reaffirmed PR1+ (PR One Plus) rating to the proposed issue of short term NCDs for a maturity not exceeding one year.

Mercator Lines Limited has informed the Exchange that the Annual General Meeting of the Company will be held on July 31, 2006.

Mercator Lines Limited has informed the Exchange that as a strategic decision, the Company has decided to sell its Handymax vessel of 56,023 DWT and accordingly entered into Memorandum of Agreement with an overseas buyer. The delivery of the vessel is scheduled in the last week of September,2006.

Mercator Lines Limited has informed the Exchange that the Book Closure will be from July 22,2006 to July 31,2006 for the purpose of annual closure and for deciding entitlement for payment of final dividend @30% on paid-up capital for the financial year ended on March 31,2006 recommended at the Board Meeting held on May 31,2006.

Mercator Lines Limited has informed the Exchange that Mr. Anil Khanna (HUF), the Directors of the Company has acquired 1500 shares on June 13, 2006 and 1000 shares on June 14, 2006 of the total paid up capital of Mercator Lines Limited. The mode of acquisition is Market Purchase and the shareholding of Anil Khanna after the said acquisition is 38,670 shares of the total paid up capital of Mercator Lines Limited.

Mercator Lines Limited has informed the Exchange that Mr. Jayesh Doshi, Officer of the Company holds NIL shares of the Company as on date of assuming office of Director/officer on June 13, 2006.

Mercator Lines Limited has informed the Exchange that Mr. Anil Khanna , the Directors of the Company has acquired: (1) 1000 shares on June 07, 2006.(2) 1500 shares on June 08, 2006.(3) 1000 shares on June 09, 2006 of Mercator Lines Limited. The mode of acquisition is Market Purchase and the shareholding of Anil Khanna after the said acquisition is 36,170 share of Mercator Lines Limited.

Mercator Lines Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on May 31, 2006 has interalia approved the following: (a) Accepted resignation of Mr. Shalabh Mittal from the office of Director of the Company with effect from May 31, 2006. (b) Amendment to Object Clause of the Company, to empower the Company to carry on Oil & Gas exploration for which, approval of Members of the Company will be sought by way of Postal Ballot. The Board has appointed Mr. Vijay Mehta, Chartered Accountant, as a Scrutinizer for the Postal Ballots to be received fr

Mercator Lines Limited has informed the Exchange regarding a press release dated, May 31, 2006, titled, "Mercator Lines Posts Excellent Results For y/e Mar 06, Recommends 30% Final Dividend". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Mercator Lines Limited has informed the Exchange that the Board of Directors of the company at its meeting held on May 31, 2006 has recommended final dividend @ 30% on equity shares of Re.1/- each for the financial year ended on March 31, 2006 in addition to interim dividend of 150% already paid.

Mercator Lines Limited had informed the Exchange regarding Company's foray into offshore business by placing order for construction of a premium Jack up Rig. The Company has now informed the exchange that the Company has floated a wholly owned overseas subsidiary by name "MERCATOR OFFSHORE LTD." in Singapore. Further, the Company has decided to assign its contract of construction of Rig to the said subsidiary company.

Mercator Lines Limited has informed the Exchange that Mr.Anil Khanna, Director, has sold 2000 shares on April 10, 2006 of Mercator Lines Limited. The mode of sale is Market Sale and the shareholding of Mr.Anil Khanna after the said sale is 241850 shares of Mercator Lines Limited.

Mercator Lines Limited has informed the Exchange regarding a press release dated, April 19, 2006, titled, "Mercator Lines Forays into offshore Business - Placed order for Rig." The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Mercator Lines Limited has informed the Exchange that the Company has made its maiden foray into offshore business by placing an order for consruction of a premium Jack up Rig suitable for operating worldwide valued at appr.810 crores (about USD 180 million).The rig will be delivered in first quarter of 2009.

Mercator Lines Limited has informed the Exchange regarding a press release dated, March 17, 2006, titled, "Mercator Lines bags a Rs.250 crore contract from MRPL." The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Mercator Lines Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on March 16, 2006, have declared dividend @ 8% on Redeemable Cumulative Preference Shares of Rs.100/- each for the financial year ending on March 31, 2006. The same will be paid to members / deemed members whose name appear in the Register of Preference Shareholders / statement of beneficial ownership furnished by depositors; at the end of business hours on March 27, 2006.

Mercator Lines Limited has informed the Exchange that the Company has been awarded a contract by M/s Manglore Refinery & Petrochemicals Ltd. (MRPL) for transportation of approximately 8 million tons crude oil over a period of 12 months commencing from April 1, 2006. The estimated total value of the contract is about Rs.250 crores.

News Verification : The media had reports that Mercator Lines Limited may bag a Rs. 250 crore crude transportation contract from Mangalore Refinery Petrochemicals (MRPL). The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Mercator Lines Limited has vide its letter inter-alia stated, "We would like to clarify that the Company has bid for the tender floated by nodal agency M/s. Transchart on competitive basis on behalf

Mercator Lines Limited has informed the Exchange that :- (1) H. K. Mittal has acquired 28892520 shares of Mercator Lines Limited on March 08, 2006. The mode of acquisition is through Bonus allotment and the shareholding of H. K. Mittal after the said acquisition is 48154200 shares aggregating to 25.45% of the share capital of Mercator Lines Limited. (2) Atul J. Agarwal has acquired 3228225 shares of Mercator Lines Limited on March 08, 2006. The mode of acquisition is through Bonus allotment and the shareholding of Atul J. Agarwal after the said acquisition is 5380375 shares aggregating to 2.84

Archana Mittal has informed the Exchange that :- (1) Archana Mittal; (2) Harish Kumar Mittal; (3) Atul J. Agarwal; (4) Shalabh Mittal (PAC); (5) Manjuli Agarwal (PAC); (6) Adip Mittal (PAC); (7) Arooshi Agarwal (PAC); (8) Aayush Agarwal (PAC); (9) Shruti Mittal (PAC); (10) AHM Invstments Pvt. Ltd. (PAC) and (11) IVORY Shipping Ltd. (PAC) (Acquirer and PAC with the acquirer) has acquired 4,88,98,335 shares aggregating to 25.84% of the total paid up capital of Mercator Lines Limited on March 08, 2006. The mode of acquisition is through Bonus Shares allotment (in the ratio of 3:2) and the shareho

H. K. Mittal has informed the Exchange regarding the disclosure in respect of the shares acquired by promoters viz. Mr. Harish Kumar Mittal, Mrs. Archana Mittal, Mr. Atul J Agarwal and persons acting in concert viz. Shalabh Mittal, Manjuli Agarwal, Adip Mittal, Arooshi Agarwal, Aayush Agarwal, Shruti Mittal, AHM Investments Pvt. Ltd. and Ivory Shipping Ltd. The date of Acquisition is March 08, 2006 and the mode of acquisition is Bonus Shares Allotment (in the ratio of 3:2). Details of the acquisition shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Ann

Mercator Lines Limited has informed the Exchange regarding the disclosure in respect of the shares acquired by promoters viz. Mr. Harish Kumar Mittal; Mrs. Archana Mittal and Mr. Atul J Agarwal and persons acting in concert viz. Shalabh Mittal, Manjuli Agarwal, Adip Mittal, Arooshi Agarwal, Aayush Agarwal, Shruti Mittal, AHM Investments Pvt. Ltd. and Ivory Shipping Ltd. The date of Acquisition is March 08, 2006 and the mode of acquisition is Bonus Shares Allotment (in the ratio of 3:2). Details of the acquisition shall be available on the NSE website (http://www.nseindia.com) under: Corporates

Atul J. Agarwal has informed the Exchange regarding the disclosure in respect of the shares acquired by promoters viz. Mr. Atul J Agarwal, Mr. Harish Kumar Mittal, Mrs. Archana Mittal and persons acting in concert viz. Shalabh Mittal, Manjuli Agarwal, Adip Mittal, Arooshi Agarwal, Aayush Agarwal, Shruti Mittal, AHM Investments Pvt. Ltd. and Ivory Shipping Ltd. The date of Acquisition is March 08, 2006 and the mode of acquisition is Bonus Shares Allotment (in the ratio of 3:2). Details of the acquisition shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest

Mercator Lines Limited has informed the Exchange that the committee of Board of Directors in its meeting held on February 07, 2006 have approved allotment of 11,35,45,500 equity shares of Re.1/- each as bonus shares in the proportion of three new shares for every two shares held to those persons who were the existing shareholders of equity shares of Re.1/- each of the Company on February 03, 2006 being the record date fixed for the purpose. With this, the paid-up equity capital of the company has increased to Rs.18,92,42,500/- divided into 18,92,42,500 equity shares of Re.1/- each. The committ