Geodesic Information Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 07, 2008, inter alia, has discussed and decided the following:

1. Considered and recommended final dividend @20% on equity shares of the Company.

2. Decided that the AGM will be held on August 14, 2008.

3. Allotted 39,550 Equity Shares of Rs 2/- each, upon exercise of 39,550 options by Optionees under the Geodesic Employee Stock Option Plan 2002 granted in 2005 and 2006.

Consequently, with effect from July 07, 2008, the issued, subscribed and paid-up Equity Share Capital of the Company stands increased to Rs 1844,13,148/- divided into 9,2206,574 Equity Shares of Rs 2/- each.