Sanguine Media - Outcome of Board Meeting

Sanguine Media Ltd has informed that the Board of Directors of the Company at its meeting held on December 07, 2007, inter alia, has considered and approved the following:

1. To raise capital to the tune of Rs 30 Crores through further issue of Equity Shares.

2. Approved the Notice calling EGM for further issue of Equity Shares.

3. Fixed the Date of EGM January 09, 2008.

4. Accepted the resignation of Director Mr. B Aravind.