Status of Investor Complaints for the year ended March 31, 2009

Complaints Pending at the beginning of the year Nil

Complaints Received during the year 06

Complaints disposed off during the year 06

Complaints unresolved at the end of the year Nil

1. The Board has recommended a Dividend of Rs 1.20 per share. The Dividend, if approved, will be paid to those Shareholders whose names appear in the books of the Company at the close of business on July 31, 2009.

2. The terrorist attack on Mumbai in November, 2008 together with depressed global economic and financial conditions adversely impacted business.

3. As a result of the terrorist attack and consequent damage to properties, business was interrupted at the Trident, Nariman Point, Mumbai and at The Oberoi, Mumbai. Trident, Mumbai was reopened on December 21, 2008 but The Oberoi, Mumbai is being restored and is expected to open early next year. As the company is adequately insured against damage for both the hotels on replacement value basis, no effect has been given in the books in respect of damage to the properties.

Trident, Nariman Point, Mumbai and The Oberoi, Mumbai are insured against losses due to business interruption. The Company had lodged a claim with the Insurance Company concerning losses incurred by the Company due to business interruption upto 31st March, 2009. The Insurance Company has made a provisional assessment of Rs 96.76 crores as loss due to business interruption. The amount of Rs. 96.76 crores has been recognised as Other Income in the Accounts.

4. Balamurie Island Resort Pvt. Ltd. has ceased to be a ŽJoint VentureŽ.

5. Figures for the previous year have been regrouped or rearranged, wherever necessary.

6. The Audited Financial Results and the Consolidated Financial Results were reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on June 30, 2009.

PRS Oberoi
Chairman and Chief Executive