Ramco Systems - Outcome Of Compensation Committee Meeting

Ramco Systems Ltd has informed that the Compensation Committee of the Board of Directors (CoD) of the Company at its meeting held on July 14, 2007, had approved a grant of 4,01,600 equity stock options under Employees Stock Option Scheme, 2004, to the eligible employees of the Company and its subsidiaries. The stock options are convertible into equivalent equity shares of Rs 10/- each at the time of exercise of the options. The details of the exercise price, vesting period and the exercise period are as follows:

1. Exercise Price : The exercise price of the stock options granted is Rs 163/- per share, being the closing market price as at July 13, 2007. The exercise price is determined in accordance with the provisions of SEBI (Employees Stock Option Scheme and Employees Stock Purchase Scheme) Guidelines, 1999.

2. Vesting Period and Exercise Period : The options granted would vest over a period of four years. The options other than those vested in the first year, shall vest on a quarterly basis and the options under the financial year shall vest at the end of one year from the date of grant.