MUNDRA PORT AND SPECIAL ECONOMIC ZONE LIMITED

(Our Company was incorporated as Gujarat Adani Port Limited under the Companies Act, 1956 on May 26, 1998. The name of our Company was changed to Mundra Port and Special Economic Zone Limited on July 7, 2006.)
Registered and Corporate Office: Adani House, Near Mithakhali Six Roads, Navrangpura, Ahmedabad 380 009. Company Secretary and Compliance Officer: Mrs. Dipti Shah. Tel: (91 79) 2666 5555,
Fax: (91 79) 2656 5500, Email: [email protected], Website: www.portofmundra.com

The Global Coordinators and Book Running Lead Managers are DSP Merrill Lynch Limited, JM Financial Consultants Private
Limited, and SSKI Corporate Finance Private Limited and Book Running Lead Managers are ENAM Securities Private
Limited, SBI Capital Markets Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited. The Equity shares of the Company are proposed to be listed on The Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and trading is expected to start on or around November 27,2007. In terms of Rule 19(2)(b) of the SCRR, this being an Issue for less than 25% of the post-Issue capital, the Issue is being made through the 100% Book Building Process wherein at least 60% of the Net Issue shall be allocated on a proportionate basis to QIB Bidders, out of which 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above Issue price. If at least 60% of the Net Issue cannot be allocated to QIB Bidders, then the entire application money will be refunded forthwith. Further, not less than 10% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. Further, up to 150,000 Equity Shares shall be available for allocation on a proportionate basis to the Employees, subject to valid Bids being received at or above the Issue Price. In addition, in accordance with Rule 19(2)(b) of the SCRR, a minimum of 2,000,000 Equity Shares are being offered to the public and the size of the Net Issue shall aggregate to at least Rs. 100.00 crores. The Company has not opted for grading of the Issue. The issue received 1,145,446 applications for 4,64,16,57,435 Equity Shares resulting in 115.3207 times subscription. The details of the applications received in the Issue from QIBs, Non Institutional Bidders, Retail Individual Bidders and Eligible Employees (Before technical rejections) are as under:

Final Demand
A summary of the final demand at various price levels as per the electronic book is given below:

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange ("BSE") on November 20, 2007. The IPO Committee of Directors of the Company at its meeting held on November 21, 2007 approved the Basis of Allocation of Equity Shares in the Issue and has allotted equity Shares to various successful applicants as described in "Method of Proportionate Basis of Allotment in the Issue" on page 325 of the Prospectus dated November 14, 2007.

A) Allocation to Non Institutional Bidders:
This category (net of technical rejections) was over subscribed 152.940370 times. The total number of shares allotted in this
category is 40,10,000 Equity Shares. The category wise details of the Basis of Allocation in this category are as under
(Only a sample provided):

B) Allocation to Retail Individual Bidders:
This category (net of technical rejections) was over subscribed 15.328019 times. The total number of shares allotted in this category is 1,20,30,000 Equity Shares. The category wise details of the Basis of Allocation in this category are as under:

C) Allocation to Eligible Employees:
This category (net of technical rejections) was over subscribed 2.324200 times. The total number of shares allotted in this category is 1,50,000 Equity Shares. The category wise details of the Basis of Allocation in this category are as under:
(Only a sample provided):

D) Allocation to Qualified Institutional Buyers:

The Refund Orders due to applicants have been dispatched to the address of the investors as registered with the depositories on November 22, 2007. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over printed with the bank mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned on November 22, 2007. The listing applications have been filed with the BSE and NSE on November 22,2007 and the Company is taking steps to get the Equity Shares admitted for trading on the BSE and NSE within seven working days from the date of approval of the Basis of Allocation.

Investors Please Note:
The details of allocation made would be hosted on the website of the Registrar to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com
Further correspondence in respect of allotment of Equity Shares pertaining to the Issue may be addressed to the Registrar to the Issue, Intime Spectrum Registry Limited, quoting full name of the First/ Sole Applicant, Serial Number of the Bid cum Application Form, Number of Equity shares bid for, Name of the Member of the Syndicate, Place where the bid was submitted and payment details at the address given below:

Intime Spectrum Registry Ltd.,
C-13, Pannalal Silk Mills Compound,
LBS Road Mumbai -400078
^{Tel.: (022) 2596 0320, Fax: (022) 2596 0329
E-mail: [email protected]
Contact Person : Mr. Vishwas Attavar}

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF MUNDRA PORT AND SPECIAL ECONOMIC ZONE LIMITED.