Moser Baer India Ltd: Grant of Options to employees

Moser Baer India Ltd has informed BSE that, in terms of the ESOP scheme and the SEBI (Ernp1oyees Stock Option Scheme and Employees Stock Purchase Scheme) Guidelines, 1999, the Compensation Committee of the Board of Directors held on February 09, 2011, has granted new options to emp1oyee of the Company in terms of its ESOP Scheme - 2009

The terms of ESOP scheme - 2009 are as follows:

1. The maximum number of shares covered by such options - 34,000 option.
2. Exercise Price -
(a) Normal Allocation at Rs 46.30 per option.
(b) Special Allocation - 50% of the Options at Rs 125 per Option and Remaining 50% of the Options at Rs. 170 per Option
3. Requirements of Vesting and maximum period of vesting - The vesting period ranges from 1 year to 4 years.
4. Exercise Period - 7 years from the date of grants of options.

All other terms and conditions of the ESOP scheme 2009 remain unchanged.