Splash Media - Outcome of Board Meeting

Splash Media Works Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 15, 2009, inter alia, has transacted the following:

1. The Board of Directors of the Company has converted the 5,68,000 warrants in to 568000 Equity Shares out of 10,96,500 erstwhile warrants allotted on preferential basis and consequently approved the allotment of such converted 5,68,000 Equity shares of face value of Rs. 10/- each at issue price of Rs. 83/- each.

2. The Board of directors has decided to call another Board meeting on September 19, 2009 to consider upon conversion and consequent allotment of remaining warrants.