GP Electronics - Post Offer Status

Yes Bank Ltd (Manager to the Offer) on behalf of Aarti Management Consultancy Pvt Ltd, Aditi Management Consultancy Pvt Ltd and Anjoss Trading Company Pvt Ltd (Acquirers) has issued this Post Offer Public Announcement to the shareholders of GP Electronics Ltd (Target Company), which is in continuation of, and should be read in conjunction with, the Public Announcement (PA) dated November 28, 2007, Letter of Offer dated January 15, 2008 and Corrigendum to PA dated January 25, 2008, pursuant to & in compliance with among others, Regulations 10 and 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 & subsequent amendments thereto[SEBI Takeover Regulations/Regulations].

Details of the Acquisition:

Sr. No. Particulars Proposed in the Letter of Offer Actual 1 Offer Price (Rs.) 20.00 20.00 2 Shareholding of Acquirer before SPA / PA (No & %) Nil Nil 3 Shares acquired by way of SPA (No & %) 3,010,807 (61.95%) 3,010,807 (61.95%) 4 Shares acquired in the Open Offer (No & %) 9,72,173 (20.00%) 7,130 (0.15%) 5 Size of the Open Offer (No. of shares multiplied by Offer price per share) Rs 1,94,43,460.00 Rs 1,42,600.00 6 Shares acquired after PA but before 7 working days prior to offer closure date (No & %) Nil Nil 7 Post offer Shareholding of Acquirers (No & %) (2+3+4+6) 39,82,980 (81.94%) 30,17,937 (62.09%) 8 Pre & Post Offer shareholding of Public (No & %) Pre Offer Post Offer Pre Offer Post Offer 18,50,056 (38.05%) 8,77,883 (18.06%) 18,50,056 (38.05%) 18,42,926 (37.91%)