Neha International Ltd has informed BSE that the Company has received the approval from FIPB for acquiring M/s. Globeagro Holdings, Mauritius, the Board of Directors of the Company at its meeting held on February 08, 2008, has allotted 75,22,958 equity shares of Rs 10/- each at a premium of Rs 32/- each on preferential basis to the shareholders of M/s. Globeagro Holdings, Mauritius towards consideration for acquisition of business as approved by Shareholders at AGM held on October 10, 2008, as approved by the stock exchange and as approved by Foreign Investment Promotion Board (FIPB) vide their approval dated February 05, 2008.

Name of the Allottee:

1. G Vinod Reddy - 41,14,161 shares
2. ABN Holding - 6,60,074 shares
3. GoodTiger Holdings - 3,59,853 shares
4. Thalamarla Siva Kumar - 15,14,884 shares
5. Mupparaju Kalyan Chakravarthy - 4,10,621 shares
6. Vemula Mahesh Babu - 51,756 shares
7. Madhavi Murthy - 51,756 shares
8. Dyapa Venkateshwar Reddy - 3,59,853 shares

M/s. Globeagro Holdings, Mauritius, has a substantial stake in Three (3) Floriculture Companies namely Holetta Roses Plc, Alliance Flowers Plc and Oromia Wonders Plc.. all located in Ethiopia. These Companies produce some of the best T-hybrid roses and sell them at premium prices across the world including leading auction houses like Vba and Flora Holland in Netherlands. With this acquisition Neha is poised to emerge as a world class Floriculture Company.