VISHALEXPO

Vishal Exports Overseas Limited has informed the Exchange that the Punjab National Bank has invoked the Pledge in respect of 22140430 Equity Shares of Re.1/- each out of the total shares pledged with the Bank. The details of the pledge invoked by the bank is as under: 1) Name of the Director whose shares have been pledged: Mr. Subhashchandra C. Mehta; Date of Invocation of pledge: May 25, 2007; Holding before invocation of Pledge: 6594000 (1.83%); No. of shares in respect of which the pledge is invoked: 1110000; Holding after invocation of Pledge: 5484000 (1.52%). 2) Name of the Director whose

Vishal Exports Overseas Limited has informed the Exchange that the IDBI Bank Limited has invoked the Pledge in respect of 21000000 Equity Shares of Re.1/- each out of the total shares pledged with the Bank. The details of the pledge invoked by the bank is as under: 1) Name of the Director whose shares have been pledged: Mr. Subhashchandra C. Mehta; Holding before invocation of Pledge: 12774040 (3.55%); No. of shares in respect of which the pledge is invoked: 6180040; Holding after invocation of Pledge: 6594000 (1.83%). 2) Name of the Director whose shares have been pledged: Mr. Pradeep S. Meht

Vishal Exports Overseas Limited has informed the Exchange that Smt. Sonal D Mehta, shareholder of the Company has sold 25,50,000 equity shares aggregating to 2.125% of the share capital of the Company, the details of which are as follows: (i) sale of 450,000 shares on June 29, 2005; (ii) sale of 450,000 shares on June 30, 2005; (iii) sale of 450,000 shares on July 05, 2005; (iv) sale of 450,000 shares on July 13, 2005; (v) sale of 450,000 shares on July 18, 2005; (vi) sale of 300,000 shares on July 22, 2005. The shareholding of Smt. Sonal D Mehta after the said sale is 47,51,335 shares aggrega