Rammaica India Ltd: Updates on Open Offer

Systematix Corporate Services Ltd ("Manager to the Offer"), for and on behalf of Kyner Trading Pvt Ltd and Tien Trading Pvt Ltd ("Acquirers") has issued this Corrigendum to the Public Announcement ("Corrigendum") to the shareholders of Rammaica India Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated January 28, 2011, pursuant to and in compliance with, among others, Regulation 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").

The terms used but not defined in this Corrigendum shall have the same meanings assigned to them in the original PA.

1. The payment of consideration by the Acquirers to the Sellers under the Share Purchase Agreement ("SPA") shall be completed within two days from the date of completion of the Open Offer as per the observations issued by SEBI in terms of proviso of Regulation 18(2) of the Regulations.

2. The original schedule of the major activities has been revised under the Open Offer which are as follows:

Revised schedule of activities:

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ActivityOriginal ScheduleRevised Schedule
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Specified DateFebruary 04, 2011February 04, 2011
Date of Opening of the OfferMarch 18, 2011March 23, 2011
Date of Closing of the OfferApril 06, 2011April 11, 2011
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