We were incorporated as Gujarat Adani Port Limited 
 on May 26, 1998, and commenced phased operations 
 at Mundra Port in October 1998 with commercial 
 operations beginning in October 2001. We were initially 
 promoted by Adani Port Limited and Gujarat Port 
 Infrastructure Development Company Limited, an 
 undertaking of the Government of Gujarat.
 
 We entered into a Concession Agreement with 
 the GMB and the Government of Gujarat on 
 February 17, 2001 pursuant to which we have been 
 granted the right to develop and operate Mundra 
 Port located at the Navinal Island in the Kutch 
 region for a period of 30 years.
 
 Pursuant to an order of the High Court of Gujarat, 
 Adani Port Limited merged with us with effect from 
 April 1, 2003. Further, MSEZ and ACL were merged 
 with us with effect from April 1, 2006.
 
 We received approval as a developer of a multi-product 
 SEZ at Mundra and the surrounding areas from the 
 Government of India on April 12, 2006. We have 
 already received notification from the Government of 
 India with respect to land covering 2,406.8 hectares 
 (approximately 5,947 acres) on June 23, 2006. On July 
 3, 2007, we received a subsequent notification with 
 respect to an additional 251.4 hectares of land, 
 resulting in a total of 2,658.2 hectares (approximately 
 6,568 acres). Such notification is granted only once 
 land is in the possession of a developer, and as we 
 further acquire land in and around Mundra, we will 
 look to receive additional notifications in relation to 
 such further acquired land.
 
 In order to reflect the significance of the SEZ status 
 and the changing nature of our business, we changed 
 our name from Gujarat Adani Port Limited to Mundra 
 Port and Special Economic Zone Limited with effect 
 from July 7, 2006.
 
 
 Key Events and Milestones
 
 Year     Month           Key Events and Milestones
 
 1994    January      Approval from GMB to set up captive jetty
 
 1998   October       Berths 1 and 2 become operational
 
 1999   October       Berths 3 and 4 become operational
 
 2001   February     Concession Agreement signed with GMB
 
 2001   October       All 4 berths and mechanisation become fully 
                                    operational. Trial rail
 operationscommenced
 
 2002    May             Agreements signed with GGSRL to set up SPM
 
 2002   October       Agreements signed with IOC to set up SPM
 
 2002   November  Railway agreements signed
 
 2003   January      Sub-concession agreement signed with MICT for
                                    the container terminal
 
 2003    July             Container terminal becomes operational
 
 2004    April            Shareholders agreement with Kutch Railway 
                                   Company Limited
 
 2005    June           Merger of Adani Port Limited (with effect from
 April 1, 2003) with us
 
 2005   December SPM becomes operational
 
 2006    April            Notification as a SEZ
 
 2006    May             Additional 10 bulk berths operational
 
 2006    June            Double stack train operations
 
 2006    April            Merger of MSEZ and ACL with us
 
 2007    March         Operation started at Terminal II
 
 2007   August         Operation started at Container Terminal II
 
 2009
 
 - Mundra Port and Special Economic Zone Ltd has informed that the
 Board of Directors of the Company at its meeting held on May 20,
 2009, inter alia, has appointed Dr. Malay Mahadevia as an Additional
 Director and Whole Time Director on the Board of the Company with
 immediate effect.