Core Projects & Technologies Ltd: Outcome of Committee Meetings

Core Projects & Technologies Ltd has informed BSE that :

1. The Shareholders' and Investors' Grievance Committee at its Meeting held on February 11, 2011, approved

(A) Allotment of 24,705 equity shares of Rs. 2/- each to the eligible employees, who have exercised their stock options granted under CORE Employee Stock Options Scheme, 2007 and CORE Employee Stock Options Scheme, 2009.

(B) Allotment of 15,49,549 Equity Shares of the Company to CORE Infrapower Limited forming part of Promoter Group Company against exercise of outstanding warrants allotted on preferential basis.

2. The Remuneration / Compensation Committee at its Meeting held on February 11, 2011, approved grant of stock options to the eligible employees of the Company and employees of the Subsidiary Companies under CORE
Employee Stock Options Scheme 2009 and noted the appointment of Mr. Anshul Sonak as 'President India Operations' and Ms. Sucheta Phadke as 'Sr. Vice President - Content' of the Company.