CCAP - Updates on Open Offer

Sumedha Fiscal Services Ltd (Manager to the Offer) on behalf of M/s Ramayana Promoters Pvt Ltd (Acquirer) has issued this Corrigendum to the Public Announcement to the Shareholders of CCAP Ltd (Target Company), which is in continuation of & should be read in conjunction with the Public Announcement (PA) dated August 06, 2009, pursuant to and in compliance with Regulation 10 & 12 and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (Regulations).

The shareholders of Target Company are requested to note the following with respect to the PA:

1. Pursuant to the terms of the SPA dt. July 31, 2009 and in compliance with the terms of the Regulation 22(7) of the Regulations, Mr. Shib Ram Nag and Mr. Samar Nag, representative of the Acquirer were appointed as additional directors on the Board of Target Company in the Board meeting held on August 28, 2009.

2. The Acquirer had deposited the entire purchase consideration with Mr. Chirantan Mukherjee on the date of signing of the SPA itself which had been duly acknowledged by Mr. Chirantan Mukherjee.

3. The time schedule of the offer remains unchanged.

All other terms and conditions of the Offer remain unchanged.