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Genesys International Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2008, has approved the allotment of 29,55,000 Equity Shares of Rs 10/- each at a premium of Rs 9/- per Equity Share to Mr. Sohel Malik, Promoter and Executive Director of the Company.

Mr. Sohel Malik was allotted 35,30,000 Warrants on preferential basis in the month of January 2007, out of which, 5,75,000 Warrants were converted into 5,75,000 Equity Shares in the month of March 2007. The aforesaid allotment of 29,55,000 Equity Shares arises on conversion of outstanding 29,55,000 Warrants.

Post allotment, the Paid up Equity Share Capital of the Company comprises of 1,45,23,756 Equity Shares of Rs 10/- each aggregating to Rs 14,52,37,560/-.

Fedex Securities Ltd (”Manager to the Offer”), on behalf of Mr Sohel Malik (”Acquirer”), has issued this Public Announcement (”PA”) to the Equity Shareholders of Genesys International Corporation Ltd (”Target Company”), pursuant to and in compliance with Regulation 11(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 (”Regulations”) and subsequent amendments thereto

The Offer:

The Acquirer is making an Open Offer to the public Shareholders (i.e. Shareholders other than the Acquirer and Promoter Group Shareholders) of Target Company to acquire 29,04,752 Equity shares of Rs 10/- each at a price of Rs 19/- (Rupees Nineteen Only) (”the Offer Price”), representing 20.00% of subscribed, paid up & Voting Share Capital of Target Company after the exercise of Warrants allotted on a Preferential basis to him, payable in cash (”the offer”), subject to the terms and conditions mentioned in the PA.

Schedule of Activities:

Specified Date - July 18, 2008

Date of Opening of the Offer - August 13, 2008

Date of Closing of the Offer - September 01, 2008

Genesys International Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 28, 2008, inter alia, to approve the allotment of 29,55,000 Equity Shares of Rs 10/- each to Mr. Sohel Malik arising out of conversion of 29,55,000 Warrants allotted to him on preferential basis in the month of January 2007.