Mercator Lines - Outcome Of Board Meeting

Mercator Lines Ltd has informed that the Board of Directors of the Company at its meeting held on March 13, 2008, inter alia, has declared dividend @ Rs 8/- per share on 8% Redeemable Cumulative Preference Shares of Rs 100/- each for the financial year ending March 31, 2008. The dividend shall be paid pro-rata upto March 17, 2008 (being the date of final maturity of Preference shares) to those members / deemed members whose name appeared in the Register of Members / Statement of beneficial ownership furnished by depositories at the end of business hours on March 12, 2008.