June 26, 2014

Press Release No. 1

Clarification by Wheels India Limited

Substantial increase in trading volumes has been observed in Wheels India Limited.

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Wheels India Limited has vide its letter inter-alia stated, “There are no major Developments/ Price sensitive Information, which have arisen in the recent past. We also confirm that there is no unpublished Price Sensitive Information, which has not been disseminated to the Exchange."

Press Release No. 2

News about GVK Power & Infrastructure Limited

The media had reports that GVK Power & Infrastructure Limited. "Company in talks with 4-5 investors to sell stake in airport biz, hancock mining biz in few months.”

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 company.

GVK Power & Infrastructure Limited has vide its letter inter-alia stated, “We wish to inform you that the company is exploring various options for reducing some of its debt. An option that is being looked at is, raising equity at the Airport Holding Company, to retire the debt raised for the airport acquisition. The company is in discussion with a few investors in this matter. The company is also exploring a possibility to bring in an equity investor(s) into Hancock Infrastructure Pvt Limited, which is a holding company, for the Rail and Port Projects in Australia. Since the discussions are at a preliminary stage, it would not be appropriate for the company to divulge any details at this stage. No sooner the deal crystallizes; we would be in a position to inform the regulatory authorities on the same."