Geodesic Information - Outcome Of Board Meeting

Geodesic Information Systems Ltd has informed that the Board of Directors of the Company at its meeting held on October 12, 2007, has allotted 130,330 Equity Shares of Rs 2/- each, upon exercise of 130,330 options by Optionees under the Geodesic Employee Stock Option Plan 2002 granted in 2005 and 2006.

Consequently, with effect from October 12, 2007, the issued, subscribed and paid-up Equity Share Capital of the Company stands increased to Rs 18,25,99,388/- divided into 9,12,99,694 Equity Shares of Rs 2/- each.