Ontrack Systems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 30, 2008, inter alai, to consider the following business:

1. To consider and approve the audited accounts for the year ended March 31, 2008.

2. To recommend the payment of dividend, if any, for the year ended on March 31, 2008.

3. To consider holding of 20th Annual General Meeting and to fix time, date, place and the business to be transacted thereat.

4. To approve the Draft notice convening 20th Annual General Meeting and fix the dates for closure of register of members.

5. To appoint Additional Directors in place of retiring Directors.