Master Trust - Outcome Of EGM

Master Trust Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 29, 2008, inter alia, to offer 1355000 Equity Share and 3045000 Warrants convertible into equity shares in such a manner and upon such terms and conditions as the Board may in its absolute discretion think fits on a preferential basis to the persons, body corporate(s) as details given herein below:

a. To M/s. Foster Capital Ventures Ltd:

Upto 10,00,000 equity shares of the Company at a price of Rs 160/- per equity share (including a premium of Rs 150/- per equity share) a Rs 16,00,00,000/- (Rupees Sixteen Crore only);

b. To M/s. APL Infrastructure Ltd (Formerly known as Bihar Strips Pvt Ltd):

Upto 20,000 equity shares of the Company, at a price of Rs 160/- per equity share (including a premium of Rs 150/- per equity share) aggregating to Rs 32,00,000/- (Rupees Thirty Two Lac only);

c. To Mr. Gaurav Sud:

Upto 10,000 equity shares of the Company, at a price of Rs 160/- per equity share (including a premium of Rs 150/- per equity share) aggregating to Rs 16,00,000/- (Rupees Sixteen Lacs only),

d. To Mrs. Poonam Sharma:

Upto 1,00,000 equity shares of the Company, at a price of Rs 160/- per equity share (including a premium of Rs 150/- per equity share) aggregating to Rs 1,60,00,000/- (Rupees One Crore Sixty Lacs only);