Aban Offshore Recommends Dividend Of Equity Shares - July 31, 2009

The board of Aban Offshore has recommended dividend at the rate of 180 % on the entire paid up equity share capital (including partly paid equity shares) of the Company (that is Rs 3.60 per equity share for the fully paid equity shares and Rs 1.80 per equity share for partly paid equity shares), dividend at the rate of 8% p.a., at the rate of 9% p.a. and at the rate of 9.25% (prorata) respectively on the non-convertible cumulative redeemable preference equity share capital of the company for the year/period ended 31 March 2009.

This was recommended at the board meeting held on 31 July 2009.

The Committee Of Aban Offshore Allotts Equity Shares - Jun 20 , 2008

The committee of Aban Offshore allotted 900 equity shares of Rs 2 each to the employees of the company under ESOS 2005.

These shares were allotted at the committee meeting held on 19 June 2008.

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 30,000,000 (3 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 February 19, 2008 allotted 4118 Equity Shares of Rs 2/- each fully paid.

Aban Offshore - Allotment Of Equity Shares Under ESOS

Aban Offshore Ltd has informed that the Committee on January 12, 2008 allotted 810 (Eight Hundred and Ten only) Equity Shares of Rs 2/- each under Employee Stock Options Scheme (ESOS 2005). The above allotment includes 600 shares were allotted to one Non-executive Director