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Flat Products - Updates on Open Offer

Flat Products Equipments India Ltd has informed the following:

Edelweiss Capital Ltd (”Manager to the Offer”) on behalf of Cockerill Maintenance & Ingenierie SA (”Acquirer”), has issued this Corrigendum to the Public Announcement to the shareholders of Equipments India Ltd (”Target Company”), which is in continuation of and should be read in conjunction with the Public Announcement (”PA”) Dated January 16, 2008 pursuant to Regulations 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto.

The shareholders of the Target Company are requested to note the following

Revised Schedule of Activities:

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Activity				Original Schedule		Revised Schedule
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Specified Date			January 17, 2008		January 17, 2008
Date of Opening of the Offer	March 10, 2008		May 16, 2008
Date of Closing of the Offer	March 29, 2008		June 04, 2008
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