Kohinoor Broadcasting Updates on GDR Issue

Kohinoor Broadcasting Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on October 12, 2007, inter alia, has taken the following decisions:

1. The Board has approved the Placing Agreement, Deposit Agreement and the Escrow Account Agreement in respect of the GDR issue.

2. The Board has approved the offering circular filed at Luxembourg Stock Exchanges.

3. The board has approved the allotment of 75,000,000 equity shares of Rs 10 with underlying 7,500,000 GDR's issued in the name of Depository (Deutsche Bank Trust Company Americas) and issuance of Share certificate thereof.

Source : Equity Bulls

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