Peninsula Land Ltd has informed that the Board of Directors of the Company at its meeting held on June 06, 2008, inter alia, has recommended dividend has follows:

1. 5% on the 5% Cumulative Redeemable Preference Shares of Rs 10/- each (Rs 0.50 per share).

2. 40% on Equity shares of Rs 2/- each (Rs 0.80 per share).
Further, the Board of Directors has appointed Lt. Gen.
Deepak Summanwar (Retired) as an Additional Independent Director of the Company.