Nagreeka Exports - Conversion of Equity Warrants

Nagreeka Exports Ltd has informed that the Board of Directors of the Company at its meeting held on June 30, 2007, has allotted 3,13,000 Equity Shares of Rs 5/- each to Mr. Sunil Patwari, Managing Director of the Company, following conversion of 3,13,000 Equity Shares Warrants.The Company has further informed that his total shareholding in the Company, after the above allotment, stands at 7,12,000 Equity shares, which constitute 5.69% of the total paid up capital of the company.