Thomas Cook - Outcome Of Board Meeting

Thomas Cook India Ltd has informed that the Board of Directors of the Company at its meeting held on November 24, 2007, inter alia, has transacted the following:

1. Taken on record the appointment of Mrs. Bharati Rao as a Nominee Director, State Bank of India on the Board of the Company in place of Mr. Y V Vijayanand.

2. Appointed a Scrutinizer, Functional Director and authorised the Company Secretary for conducting a Postal Ballot in respect of the following matters:

a. Alteration of Articles of Association for empowering the Board of Directors to decide the terms and conditions of issue of preference shares.

b. Increase in Authorised Capital and consequent alteration of Capital Clause of the Memorandum of Association of the Company.

c. For issue of preference shares to persons, etc. other than existing members.

3. Appointed a Committee of Directors to take all actions and steps to set up a service excellence centre for consolidating the group offices.