Country Condos - Outcome of Board Meeting

Country Condos Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 24, 2009, inter alia, has allotted 1,70,00,000 convertible warrants to the allottees after receiving the 25% of the amount from the respective applicants in the following manner:

1. Name of the Allottee: Y Rajeev Reddy
No. of Warrants: 85,00,000

2. Name of the Allottee: Y Siddharth Reddy
No. of Warrants: 42,50,000

3. Name of the Allottee: Y Varun Reddy
No. of Warrants: 42,50,000.