Matrix Laboratories Ltd has informed BSE about the following:

“Mylan Inc., USA, (Mylan) the ultimate holding Company of Matrix Laboratories Ltd (Matrix) has reported today (May 12, local time), the unaudited interim consolidated financials of Mylan for the quarter ended March 31, 2008 under US GAAP reporting, which inter alia included the following unaudited details of Matrix:

Segment profitability (on a US GAAP basis) of $3,617,000 for the three months ended March 31, 2008.

Further note that financial results of Matrix for the quarter ended / year ended March 31, 2008 are yet to be reported under Indian GAAP and the above information is as reported by Mylan, which is being forwarded to you by Matrix for your information.

Further also note that Indian GAAP and US GAAP differ in certain significant respects, and the US GAAP figures reported above may not be indicative of the results under Indian GAAP.”