Aban Offshore - Allotment Of Equity Shares Pursuant To Conversion Of Fccbs

Aban Offshore Ltd has informed that the Company has received Notices for conversion of Bonds of an amount aggregating to JPY 50,000,000 (5 Foreign Currency Convertible Bonds of face Value of JPY 10,000,000/- each). Accordingly, as per the terms of Offering Circular dated March 31, 2006, the Company on December 15, 2007 allotted 6,863 Equity Shares of Rs 2/- each fully paid.