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Fortis Healthcare Ltd has informed BSE that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

“1. A matter regarding one of the subsidiaries‘ land under leasehold arrangement with the Delhi Development Authority is pending in appeals at various stages, the eventual outcome of which cannot be estimated presently. Also, the liability as an outcome of a Public Interest Litigation (PIL) decided by the high Court remains unascertained due to procedural delays in constitution of a special committee. Therefore, the Auditors are unable to express an opinion at this stage in respect of these matters.

2. Certain tax demands aggregating to Rs 20,600 lacs (net of demands raised twice in respect of certain years) raised on one of the, subsidiaries by the Income tax authorities are pending in appeals and the eventual outcome of the above matters cannot presently be estimated. The Auditors are unable to express an opinion at this stage in respect of these matters.”

Ambit Corporate Finance Pvt Ltd (”Manager to the Offer”) on behalf of International Hospital Ltd (”IHL”) & Oscar Investments Ltd (”OIL”)(”Acquirers”) & Fortis Healthcare Ltd & Fortis Healthcare Holdings Ltd (”Person Acting in Concert” / “PACs”), has issued this Post Offer Public Announcement to the Shareholders of Malar Hospitals Ltd (”Target Company”), which is in continuation of, and should be read in conjunction with, the Public Announcement (”PA”) dated September 12, 2007, Corrigendum to the Public Announcement dated October 26, 2007, the Second Corrigendum to the Public Announcement dated January 09, 2008 & the Letter of Offer dated January 04, 2008. The terms used, but not defined in this Post Offer Announcement, will have the same meaning assigned to them in the other announcements referred above & the Letter of Offer.

Details of the Acquisition:

Sr. No.

Item

Proposed in the     Offer Document
Actual     


a.
Shareholding of Acquirers & PACs (No & %) before PA
Nil
Nil


b.
Shares acquired by way of     MOU or market purchases (No & %)

a) Sale Shares under the LSSSPA:
39,00,000 (20.97%)
    b) Preferential Issue:    46,66,666 (25.10%)
   Total
    85,66,666 (46.07%)

a) Sale Shares under the LSSSPA:
39,00,000 (20.97%)
    b) Preferential Issue:    46,66,666 (25.10%)
   Total
    85,66,666 (46.07%)


c.
Shares acquired in the Offer (No & %) 
37,18,852 (20%)
29,93,669 (16.10%)


d.
Size of the Offer (No. of shares multiplied     by Offer price per share)
Rs 11,15,65,560     (assuming full acceptance)
Rs 8,98,10,070


e.
Shares acquired after PA but before 7 working     days prior to closure date, if any (No & %) 

No Shares were acquired during this period     except under the Preferential Issue



f.
Post offer Shareholding of Acquirers after     the acceptance of validly tendered Shares and allotment / transfer of the     Shares acquired under LSSSPA (No     & %) (a+b+c+e)
1,22,85,518 Shares     (66.07%) (assuming full acceptance)
1,15,60,335 Shares     (62.17%)


g.
Pre & Post Offer shareholding of Public (No &     %)*
Pre Offer
Post Offer
Pre Offer
Post Offer


89,94,946 Shares (48.37%)
63,08,741 Shares (33.93%)
89,94,946 Shares      (48.37%)
70,33,924 Shares (37.83%)



Note : All percentage figures are calculated with reference to the fully expanded voting equity capital of the Target Company.
* Please refer to Note 2 & 3 as disclosed in the letter of offer in paragraph 6.17 

Out of the 29,93,669 shares accepted under the Offer, 18,45,669 Shares were acquired by IHL & 11,48,000 Shares by OIL.