Southern Online Bio Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2008, inter alia, has decided the following unanimously:

1. The Board has appointed a Committee consisting of 3 Directors namely; Mr. N Satish Kumar, Managing Director, Mr. Y Anand Swaroop, Director and Ms. T Rohini Reddy, Director to allot the equity shares and convertible warrants under Preferential Issue, as approved by the shareholders in the Extra Ordinary General Meeting of the Company held on January 28, 2008, after getting the In principle Approval from the stock exchange.

2. The Board has allotted 11,85,000 equity shares on conversion as opted by the promoters to whom the warrants were allotted in the Board Meeting held on November 22, 2007. The details of the shares allotted on conversion of warrants are as under:

i. N Satish Kumar: 5,17,500 No. of Shares allotted

ii. K Radha Krishna: 25,000 No. of Shares allotted

iii. B Sreedhara Reddy: 25,000 No. of Shares allotted

iv. B H R Balaji: 25,000 No. of Shares allotted

v. K Tejesh Kumar: 2,96,250 No. of Shares allotted

vi. K Venkateswara Rao: 2,96,250 No. of Shares allotted.