Wire & Wireless - Outcome of Remuneration Committee Meeting

Wire & Wireless India Ltd has informed BSE that the Remuneration Committee of the Company at its meeting held on October 22, 2009, approved re-pricing of 6,09,000 unexercised stock options (including those vested) which were granted earlier by the Company. These stock options will now have the exercise price of Rs. 20/- which was the closing market price of the equity shares of the Company on the National Stock Exchange of India Ltd, being the exchange where the highest volume traded on the previous day i.e. October 21, 2009. The said re-pricing was approved by the shareholders of the Company by passing a special resolution at the Company's last Annual General Meeting held on August 17, 2009.

In addition, the said Remuneration Committee also approved grant of 6,75,000 Stock Options to the eligible employees at an exercise price Rs. 20/- per share which is the closing market price of the equity shares of the Company on the National Stock Exchange of India Ltd, being the exchange where the highest volume traded on the previous day i.e. October 21, 2009.