Outcome of board meeting of Tricom India

Held on 12 January 2015

Tricom India announced that the Board of Directors of the Company at its meeting held on 12 January 2015, inter alia, have approved followings:

1. Issue and Allotment of 57,75,000 Equity Shares of Rs. 2/- each on preferential basis, in accordance with Chapter VII of SEBI (ICDR) Regulation 2009, at a price being not lower than the minimum price calculated in accordance with Regulation 76 of SEBI (ICDR) Regulation 2009 Subject to the approval of Shareholders.

2. Issue and Allotment of 1,76,20,000 Fully Convertible Warrants of Rs. 2/- each, and each warrant convertible into l (one) Equity Share of face value of Rs. 2/- each on preferential basis, in accordance with Chapter VII of SEBI (ICDR) Regulation 2009, at a price being not lower than the minimum price calculated in accordance with Regulation 76 of SEBI (ICDR) Regulation 2009 Subject to the approval of Shareholders.

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