Ashika Capital Ltd (”Manager to the Offer”) for & on behalf of Mr. Rajendra S Shah & Mr. Mitul J Shah (”Acquirers”) has issued this Post Offer Public Announcement to the shareholders of Poddar Infrastructure Ltd (Formerly known as Transoceanic Properties Ltd) (”Target Company”), which is in continuation of & should be read in conjunction with the Public Announcement (PA) dated September 21, 2007 & December 31, 2007, in terms of Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the “Regulations”), to acquire upto 60,000 equity shares of Rs 10/- each representing 20% of the voting capital of the Target Company at a price of Rs 80/- (’Offer Price’) payable in cash are as under:

Details of the Acquisition:

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Item				Proposed in the 		Actuals
				offer document
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1. Offer Price			Rs 80 per share 		Rs 80 per share

2. Shares acquired in the		60,000 (20.00%) 		60,000 (20%)
   open offer 

3. Post offer Shareholding		2,03,000 (67.67%) 		2,03,000 (67.67%)
   of Acquirer(s)
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