GOL OFFSHORE LTD. - Updates

In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Hon'ble High Court of Bombay, vide its order dated May 5, 2017, has issued directions for (i) admission of petitions for winding-up of the Company, filed by Export Import Bank of India and Punjab National Bank (International) Limited and (ii) appointment of Official Liquidator as Provisional Liquidator. We request you to take the same on record.