Shiv Vani Oil & Gas Exploration Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 29, 2008, inter alia, has allotted 60,00,000 Warrants of Rs 10/- each at a premium of Rs 650/- per warrant, convertible into equity shares, to the following Companies in the promoters Group:

1. Name of the Company: Anil Ads & Exports P Ltd
No of warrants allotted: 5,00,000

2. Name of the Company: Jetage Couriers P Ltd
No of warrants allotted: 5,00,000

3. Name of the Company: Kamakhya Infrastructure P Ltd
No of warrants allotted: 5,00,000

4. Name of the Company: Pack-Tech Systems P Ltd
No of warrants allotted: 5,00,000

5. Name of the Company: Merlin Snacks Pvt Ltd
No of warrants allotted: 5,00,000

6. Name of the Company: Gyandeep Commercial Services P Ltd
No of warrants allotted: 5,00,000

7. Name of the Company: Pacific Oil Field services Ltd
No of warrants allotted: 30,00,000

The holders of warrants will get allotted one equity share of Face value of Rs 10/- each at price of Rs 660/-.