Vintage Cards & Creations Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 26, 2008, inter alia, have accorded the following:

1. Increase the Authorised Share Capital of the Company from Rs 10,00,00,000/- (Rupees Ten Crores Only) divided into 1,00,00,000 (One Crores Only) Equity Shares of Rs 10/- each to Rs 20,00,00,000/- (Rupees Twenty Crores Only) divided into 2,00,00,000 (Two Crores Only) Equity Shares of Rs 10/- each, by creation of additional 1,00,00,000 (One Crore Only) Equity Shares of Rs 10/- each, amounting to Rs 10,00,00,000/- (Rupees Ten Crore Only) & consequential amendments in the Memorandum & Articles of Association of the Company.

2. Authority to the Board to issue, offer and allot 70,00,000 (Seventy Lacs) Convertible Warrants (Warrants) to be convertible at the option of Warrant holder in one or more tranche, within 18 (eighteen) months from its allotment date into one fully paid up Equity Share of the Company of face value of Rs 10/- each for each warrant for cash at in exercise price of Rs 11/- each (including premium of Rs 1/-) and to issue fresh Equity Shares on the conversion of the warrants, on such further terms and conditions as may be finalized by the Board of Directors to following persons belonging to Promoter group and associates.

i. Venture Business Advisors Pvt Ltd: 50,00,000 No of Warrants

ii. Visvavinayak Shares & Services Pvt Ltd: 10,00,000 No of Warrants

iii. Maitri Shares Pvt Ltd: 10,00,000 No of Warrants.