Phoenix Mills Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 28, 2008, inter alia, to consider the following matters:

1. Audited Annual Accounts of the Company for the year ended March 31, 2008.

2. Unaudited financial results for the quarter ended June 30, 2008 (Q1).

3. Allotment of shares to the shareholders of Ruia Real Estate Development Company Pvt. Ltd. Pursuant to the Order of the Hon’able High Court, Bombay sanctioning the Scheme of Arrangement between Ruia Real Estate Development Company Pvt. Ltd. and the Company.