JMC Projects - Open Offer

Collins Stewart Inga Pvt Ltd ("Manager to the Offer"), for and on behalf of Kalpataru Power Transmission Ltd ("Acquirer") has issued this Public Announcement ("PA") to the Equity Shareholders of JMC Projects (India) Ltd ("Target Company"), pursuant to Regulation 11(2) and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").

The Offer:

The Acquirer is making an Open Offer to the Equity Shareholders of the Target Company to acquire 52,80,687 fully paid up equity shares of Rs. 10/- each representing 20.22% of the post preferential issue paid up capital & 20% of the Emerging Voting Capital of the Target Company at a offer price of Rs. 207/- per share payable in cash ("Offer Price"), in terms of the Regulations (the "Offer" or "Open Offer").

Schedule of Activities:

Specified Date - October 22, 2010

Date of Opening of the Offer - November 29, 2010

Date of Closing of the Offer - December 18, 2010

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