GTL Infrastructure - Allotment Of Equity Shares - June 11, 2009

GTL Infrastructure Ltd has informed that the Committee of the Board at its meeting held on June 11, 2009, has considered and approved the allotment of 4,816,175 Equity Shares consequent to conversion of FCCBs worth USD 6,500,000 at a conversion price ofRs 53.04 per equity share, in terms of the Offering Circular dated November 24, 2007 for issue ofU.S.$. 300,000,000 Zero Coupon Convertible Bonds due 2012.

GTL Infrastructure - Allotment Of Equity Shares Upon Conversion - May 30, 2009

GTL Infrastructure Limited has informed that the Committee of the Board at its meeting held on May 29, 2009, has considered and approved the allotment of 120,495,015 Equity Shares on conversion of 120,495,015 Warrants issued under preferential basis at a conversion price of Rs 40/per equity share as detailed below:

1. Name of the Allottee : Technology Infrastructure Limited, Mauritius (TIL)
- No. of equity shares : 14,436,075

2. Name of the Allottee : Global Holding Corporation Pvt. Limited (Promoter Group)
- No. of equity shares : 106,058,940

With the above allotment on May 29, 2009, both the Promoter Group and TIL have fully subscribed to the Warrants allotted to both of them.