Investor Relations

14th July 2011

Since the last update on 4 April 2011, the closure of the Mauritius subsidiary has been the main focus of attention. This must be completed before the final general meeting of Naya Bharat Property Company Plc can take place. As this also involves de-registration in India it is difficult to be precise about how long it will take to finalise this stage of the liquidation, however at present we still anticipate that matters will be concluded towards the end of the year. We will of course use our best endeavours to expedite the process and we will update you again in September, when we hope to have a more precise timetable established.

4th April 2011

Further to the last announcement on 19 January 2011, in which the Liquidators confirmed an initial distribution to all shareholders at $0.44 per share, this latest update is to inform you that the liquidation of the underlying subsidiary structure is now underway and we have been advised that it will take approximately a further six months to complete. Once the subsidiary structure has been wound up, a Final General Meeting will take place and the final distribution will be declared. Further updates will be provided as progress is made.

19th January 2011

Further to the most recent announcement in which the Liquidators confirmed their intention to make a first distribution mid-January 2011, the Liquidators would like to confirm that they are now in a position to make an initial distribution to all shareholders.

As at 14 January 2011, the Company had total surplus assets of US$24,320,171 which would give an approximate Net Asset Value ("NAV") of $0.46 for each of the 52,524,043 Ordinary Shares in issue as at that date. As of that date approximately 98% of the Company's total assets were held as cash, with the one remaining non-cash asset being actively sold down.

Therefore in accordance with the Circular to Shareholders of 10 November 2010, the Liquidators intend to make an initial distribution to all shareholders equivalent to approximately 95% of the Company's surplus assets as at 14 January 2011 or $0.44 per share. The consideration will be calculated on holdings as at the close of business on the 10th December 2010.

4th January 2011

Further to the announcement made on 10 December 2010, the Liquidators would like to report that the Company is continuing to liquidate its assets in line with the original plan and while the exact date or amount cannot be guaranteed we would still expect to make a first distribution mid-January 2011. As of 23 December 2010 approximately 77% of the assets are held as cash.

The Liquidators of Naya Bharat Property Company plc would like to inform you that the unaudited net asset value per share as at 10 December 2010 was US$0.46. Further updates will be available on this website at regular intervals.

TIDM Code: NBPC
ISIN: IM00B1N95Z00
SEDOL: B1N95Z0

As at 16 September 2010, Naya Bharat Property Company plc (in liquidation) had 52,524,043 Ordinary Shares in issue. There are no shares held as Treasury Shares nor are there any other securities in issue. Naya Bharat Property Company plc (in liquidation) shares are not traded, or admitted to be traded on any exchanges or trading platforms.