SHIV-VANI OIL & GAS EXPLORATION SERVICES LTD. - Clarification

With reference to Increase in Price, Shiv-Vani Oil & Gas Exploration Services Ltd has Clarified to BSE as under:<BR><BR>"In the recent activities the Company, it is going to issue and allot 50,83,046 Equity Shares of Rs. 10/- at a premium of Rs. 5.95 per share to ICICI Bank Ltd. by conversion of FITL of Rs. 8.11 Crore, as per CDR Scheme, for which in-principle approval letter is pending with NSE and BSE. In this regard proper intimations were sent to Stock Exchanges in time. Otherwise we do not have any price sensitive information which we shared with investors."