Exdon Trading announces Post Open Offer Status

Ashika Capital Ltd ("Manager to the Offer") on behalf of Mr. Ashokkumar Shah ("Acquirer") and Mr. Mansukhbhai Vagasia ("Person Acting in Concert" or "PAC") has issued this Post Offer Public Announcement to the equity shareholders of Exdon Trading Company Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement (PA) dated September 08, 2006 and December 07, 2006 in terms of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ('Regulations'), to acquire 49,000 equity shares of Rs 10/- each, representing 20% of its voting capital of the Target Company at a price of Rs 41/- per share ('Offer Price') payable in cash, are as under:

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Item				Proposed in the 		Actuals
				offer document
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1. Offer Price			Rs 41/- per share		Rs 41/- per share

2. Share acquired in the	49,000 (20.00%)		 	1,550 (0.63%)
   open offer (No & %)

3. Post offer Shareholding	2,03,000 (82.86%) 		1,55,550 (63.49%)
   of Acquirer (No & %)
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Source : Equity Bulls

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