Outcome of board meeting of Lokesh Machines

Held on 12 June 2015

Lokesh Machines announced that the Board of Directors of the Company at its meeting held on 12 June 2015, have considered and approved the following:

1. Conversion of 666667 Warrants to Equity Shares.

2. Change of Designation of M. Srinivas (i.e. Non Executive Director to Wholetime Director) change effect from 01 April 2015 and change is subject to approval of Shareholders.

3. Change of Designation of K. Krishna Swamy (i.e. Wholetime Director to Non Executive Director) change effect from 01 April 2015 and change is subject to approval of Shareholders.

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