Dear Shareholder,
 
 It is this time of the year when we at Cerebra grab the opportunity of
 interacting with all of you, the owners of Cerebra. I would welcome you
 all to the 18th Annual General Meeting of your Company.
 
 Recessionary trends continued globally; exceptions were few. I am
 delighted to report that Cerebra is one among them. Isn''t it really
 heartening to achieve a topline of Rs. 16525.09 Lakhs(97.20% rise) and
 a bottom line of Rs. 298.06 Lakhs (106.31% rise) recording year on year
 significant improvements for the past five years? You will recall that
 your Company has the following verticals in its pursuit of business
 objectives:
 
 i.  Enterprise Solutions Division
 
 ii.  EMS, Contract Manufacturing Division
 
 iii. Software-Enterprise Mobility Solutions
 
 iv.  Subsidiaries-Cerebra LPO, Cerebra ME FZCO, Geeta Monitors
 
 With immense pride, let me announce that all divisions of your Company
 have operated profitably during the past year with each division
 contributing to the growth and profitability. We have been able to
 manage the operations without recourse to any borrowings despite the
 quantum jump in revenue and your Company remained debt free for one
 more year. However, with the aggressive plans of growth in all its
 verticals and in the subsidiaries, at some point in time, we may avail
 banking facilities to optimise the funding needs. The division wise
 progress is covered in detail by your Directors in charge of their
 particular divisions respectively in the Directors'' Report.
 
 The subsidiaries continued to perform as per expectations. Although
 little belated, Cerebra Middle East has performed quite satisfactorily
 and I do have strong belief that with the tie ups that Cerebra ME
 entered into in the recent past with Fujitsu, Cannon, various potential
 enquiries will get translated in to commercials. Geeta Monitors
 continued to perform quite to the plans made in the beginning of the
 year.
 
 Your Company has been looking at overseas acquisition very seriously
 and should conclude something very soon.  We have identified
 acquisition as a strategy to grow and also to have global presence.
 
 As reported last year, E-Waste and LPO continue to be our focus and
 very soon you should have a world class E-Waste plant in Bangalore. The
 land acquisition process is completed and registered thanks to the
 Government of Karnataka. We have started business in E-Waste collecting
 raw materials and have also done pilot projects in different sectors
 and the profit % is in line with what we had envisaged.
 
 Whilst our aim is to have growth of over 50% for the coming year, we
 are fully conscious of the current rough business environment; despite
 this, we hope to achieve the same.
 
 It is mainly thanks to devoted and passionate shareholders like
 yourselves that we have been able to achieve all these and we
 anticipate your support in the days to come as well .
 
 We have made it a practice to send a quarterly news bulletin to all
 shareholders. In case you are not receiving them, please send us your
 email id to investors@cerebracomputers.com.
 
 We take this opportunity to thank all shareholders, employees and the
 Governments for lending us their invaluable support.
 
 Wishing all of you a very Happy and Prosperous New Year 2013!
 
 Thanks once again
 
 Yours Sincerely
 
 V Ranganathan
 
 Managing Director