Brushman India Ltd has informed BSE that the Company has successfully closed its Foreign Currency Convertible Bonds (FCCB) issue of USD $ 12 Million by way of allotment of 1200 zero coupon Unsecured Foreign Currency Convertible Bonds (FCCB) due 2013 of US$ 10,000 each for an aggregate amount of US$ 12,000,000 (inclusive of an Over-allotment Option of 200 zero coupon Unsecured Foreign Currency Convertible Bonds (FCCB) due 2013 of US$ 10,000 each for an aggregate amount of US$2,000,000) (the “Bonds”) to be listed on the Official List of the Luxembourg Stock Exchange and to be traded on the Luxembourg Stock Exchange’s Euro MTF market with a conversion price of INR 161 and YTM of 5%, subject to the terms and conditions specified in the Offering Circular.