Energy Development - Allotment of Warrants Issued On - Sep 12, 2008

Energy Development Company Ltd has informed that the Company has, on September 11, 2008 has allotted 40,00,000 warrants pursuant to the resolution passed under section 81 (1A) of the Companies Act, 1956 in the Extraordinary General Meeting held an August 27, 2008 to the under mentioned allottees:

1. Name of the Allottee : M/s Pankaja Art & Credit Pvt Ltd
- No of warrants : 22,00,000

2. Name of the Allottee : Exudc Vincom Ltd
- No of warrants : 13,10,000

3. Name of the Allottee : M/s. Prajakta Entertainment Pvt Ltd
- No of warrants : 2,00,000

4. Name of the Allottee : M/s. Tycoon Trade & Investments Ltd
- No of warrants : 1,25,000

5. Name of the Allottee : M/s. Wisdom Finvest & Consultancy Pvt Ltd
- No of warrants : 1,15,000

6. Name of the Allottee : Mr. Sanjay Kumar Gupta
- No of warrants : 50,000