Dover Securities - Board Meeting On Oct 16, 2008 - Oct 7, 2008

Dover Securities Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 16, 2008, inter alia, to consider the following:

1. To consider and take on record Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2008.

2. Incorporation of a new wholly owned subsidiary Company with the main object to carry on the business as distribution of Mutual Funds, Life Insurance products, Insurance products etc. and to make application with Registrar of Companies for name availability in this regards.

3. Noting of approval of change of name of the Company from Dover Securities Ltd to Money Matters Financial Services Ltd by ROC.

Dover Securities - Outcome Of EGM

Dover Securities Ltd has informed that the shareholders at the Extraordinary General Meeting (EGM) of the Company held on January 12, 2008, have considered and approved the following:

1. Increase in Authorised Share Capital of the Company.

2. Issue of Right shares at par to the existing shareholders of the Company at a ratio of 2 (two) equity shares alongwith 2 (two) Convertible Detachable Warrants for every 1 (one) equity shares held; and

3. Authorized Company to borrow money for its business purpose in excess of its paid-up capital and free reserves to the extent of Rs 225.00 crores.